Fri, 09 Dec 2022

Macao banks' int'l business share falls in Q3

19 Nov 2022, 02:05 GMT+10

MACAO, Nov. 18 (Xinhua) -- The proportion of international business in Macao's local banking sector fell in the third quarter of 2022, the special administrative region's (SAR) monetary watchdog said on Friday.

According to statistics released by the Monetary Authority of Macao, the share of international assets in total banking assets decreased to 84.7 percent at the end of September from 85.5 percent at the end of June, while the share of international liabilities in total banking liabilities fell to 82.4 percent from 83.3 percent.

Non-local currencies continued to be the dominant denomination in international banking transactions. At the end of September 2022, the shares of the pataca in total international assets and total international liabilities were 0.8 percent and 0.7 percent respectively.

Hong Kong dollar, U.S. dollar, renminbi and other currencies accounted for 32.5 percent, 44.5 percent, 19.0 percent and 3.2 percent of total international assets respectively, while their respective shares in total international liabilities were 35.8 percent, 38.4 percent, 22.5 percent and 2.6 percent.

At the end of September 2022, total international assets decreased by 5.8 percent from a quarter ago to 2,077.8 billion patacas (about 257.0 billion U.S. dollars).

Total international liabilities decreased by 6.0 percent from three months ago to 2,021.0 billion patacas (about 250.0 billion U.S. dollars).

The majority of external assets and liabilities of the local banking sector were related to Asia. At the end of September 2022, claims on the mainland and the Hong Kong SAR occupied 40.4 percent and 26.3 percent of total external assets respectively, while claims on Portuguese-speaking countries (PSCs) and countries along the Belt and Road took up 0.7 percent and 11.4 percent respectively.

On external liabilities, both the mainland and the Hong Kong SAR accounted for 39.9 percent of the total respectively, while PSCs and countries along the Belt and Road took up 0.5 percent and 6.5 percent respectively.

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