Macao banks int'l assets up 2.7 pct in Q1

10:21, June 16, 2010      

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The total international assets of Macao banks for the first quarter of this year reached 46.5 billion U.S. dollars, an increase of 19.7 percent over the same period of last year.

According to the figures released on Tuesday by the Monetary Authority of Macao, of the international assets, external assets jumped by 25.6 percent to 291.7 billion patacas (36.5 billion U.S. dollars) year-on-year while local assets in foreign currencies rose slightly by 2 percent to 80.1 billion patacas (10 billion U.S. dollars).

The share of international assets in Macao's total banking assets fell to 84.1 percent in the period from 84.8 percent at the end of 2009, whereas the share of international liabilities in total banking liabilities rose to 78 percent from 77.5 percent, the Authority also said.

Foreign currencies remained as the dominant denomination in Macao's international banking transactions.

At the end of March this year, the shares of pataca in total international assets and total international liabilities were 0.5 percent and 1.9 percent respectively, while Hong Kong dollar and other foreign currencies accounted for 45.9 percent and 53.7 percent of total international assets as well as 47.8 percent and 50.4 percent of total international liabilities respectively, the figures indicated.

Source: Xinhua


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