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Proportion of international assets in Macao's banking sector increases in Q1


20:04, May 23, 2013

MACAO, May 23 (Xinhua) -- Proportion of international business in the local banking sector of Macao increased in the first quarter of 2013, with the share of international assets in total banking assets rising to 84.2 percent from 83.4 percent at the end of 2012, according to figures released Thursday by the city's Monetary Authority.

The figures indicated that foreign currencies remained as the dominant denomination in international banking transactions, as Hong Kong dollar (HKD) and other foreign currencies (OFCs) accounted for 36.4 percent and 63.1 percent of total international assets at the end of March as well as 49.2 percent and 47.4 percent of total international liabilities respectively.

Total international assets increased by 8.7 percent from a quarter earlier or 20.7 percent year-on-year to 722.0 billion patacas (about 90.3 billion U.S. dollars), of which external assets expanded by 23.7 percent year-on-year to 569.5 billion patacas (about 71.24 billion U.S. dollars) and local assets in foreign currencies increased by 10.7 percent to 152.6 billion patacas (some 19.09 billion U.S. dollars), according to the figures.

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