Home | Macau | Credit to local SMEs surges 67.7 percent

Credit to local SMEs surges 67.7 percent

02/09/2010 12:00:00
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In the first half of 2010, the credit limit approved to new Small and Medium Enterprises (SME) by Macau banks totalled MOP 10.3 billion, 67.7 percent up on the same period last year.
As at end-June 2010, the outstanding value of total SME loans reached MOP 22.5 billion, which represented a growth of 8.7 percent from end-December 2009 or 14.9 percent from a year earlier.
When compared with end-December 2009, SME loans to sectors of “manufacturing”, “transport, warehouse and communications” and “restaurants, hotels and similar activities” increased at respective rates of 23.4, 5.6 and 1.2 percent. On contrary, those to “construction and public works” and “wholesale and retail trade” dropped 6.5 and 3.4 percent respectively.
The delinquency ratio, a ratio of delinquent loans outstanding balance to total SME loans outstanding, dropped 0.32 percentage points from end-December 2009 or 0.06 percentage points from a year earlier to 2.15 percent.

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