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Macao banks' lending to SME jumps in H1

(Xinhua)    17:59, August 23, 2013
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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.

(Editor:DuMingming、Liang Jun)

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