Banking

Macao banks international assets up 4.7% in Q2

(Xinhua)
Updated: 2010-09-08 11:35

MACAO - The total international assets of Macao banks for the second quarter of this year reached $48.5 billion, an increase of 16.5 percent over the same period of last year.

According to the figures released on Tuesday by the Monetary Authority of Macao, the total international assets of this period also registered an increase of 4.7 percent over the previous quarter.

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Of the international assets, external assets jumped by 20.0 percent year on year to 304.6 billion patacas ($38 billion) while local assets in foreign currencies rose by 5.7 percent to 84.6 billion patacas ($10.5 billion).

The share of international assets in Macao's total banking assets rose to 84.8 percent in the period from 84.1 percent at the end of March 2010, whereas the share of international liabilities in total banking liabilities edged up to 78.1 percent from 78.0 percent, the Authority also said.

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

At the end of June this year, the shares of pataca in total international assets and total international liabilities were 0.5 percent and 1.1 percent respectively, while Hong Kong dollar and foreign currencies accounted for 45.1 percent and 54.4 percent of total international assets as well as 54.8 percent and 44.0 percent of total international liabilities respectively, the figures indicated.