Macao banks' lending to SME jumps in H1

Email|Print|Comments       twitter     facebook     Sina Microblog     reddit    

The Monetary Authority of Macao said on Friday that banks granted 12.6 billion patacas (1.58 billion U.S. dollars)of loans to small and medium-sized enterprises in the first half of 2013.

The figures marked a 89.3 percent surge in new SME credit limit from the same period of last year.

The collateralized ratio, which indicates the proportion of credit limit with tangible assets pledged, was 75.2 percent in the period, up by 10.4 percentage points from the second half of last year, or up by 12 percentage points year on year.

The outstanding value of total SME loans rose 3.6 percent from the end of December 2012 but up 6.9 percent from a year earlier to 33 billion patacas.

The outstanding balance of SME delinquent loans at the end of June dropped by 45.1 percent from six months earlier to 165.2 million patacas, resulting in a delinquency ratio of 0.5 percent, according to the Monetary Authority.

• Relieving burdens on small-sized business
• VAT and business tax cut announced for small firms
• China's VAT reform set to benefit more businesses
• Chinese banks' assets up 13.5% by end of June
• China to suspend VAT on small businesses
• SMEs respond to pressures with ingenuity, new products
• China to incentivize small firms
• Smaller banks selling off non-performing loans
• SMEs still struggling with scarcity of funding options
• Macao Culture series launched

We Recommend

• Premier Li: We rely on farmers for a living
• Top 10 Chinese provinces for the well-heeled
• Fan Bingbing poses for Malaysian magazine Citta Bella
• Enjoy your time in Maldives
• Wild dream: Hell-like training for bodyguard
• Zhang Xinyi covers COSMOPOLITAN
• China’s weekly story
  (2013.8.3-8.9)
  
• The story of a savior sibling
  
• A collection of bizarre rooftop buildings around China