MACAO, Nov. 7 (Xinhua) -- The total number of personal credit cards issued by banks in Macao increased by 10.3 percent year-on-year at the end of September 2018, the special administrative region's monetary watchdog said here on Wednesday.
Monetary Authority of Macao said due to the increasing use of dual-currency and triple-currency cards, the total number of personal credit cards issued by banks in Macao stood at 1,282,732 at the end of September, equivalent to an increase of 3.2 percent over a quarter earlier or 10.3 percent over a year earlier.
The numbers of pataca cards, Hong Kong dollar cards and renminbi cards grew year-on-year by 9.7 percent (to 903,711), 6.4 percent (to 93,294) and 13.7 percent (to 285,727) respectively.
At end of September 2018, credit card credit limit granted by banks in Macao reached 32.5 billion patacas (about 4 billion U.S. dollars), up 7.6 percent from the end of June 2018 or 17.0 percent from the end of September 2017.
Credit card receivables amounted to 2.5 billion patacas (about 310 million dollars), of which the rollover amount totaled 794.5 million patacas (about 98.5 million dollars), representing 31.6 percent of credit card receivables.
The delinquency ratio, i.e. the ratio of delinquent amount overdue for more than three months to credit card receivables, remained unchanged at 1.49 percent when compared with the previous reporting period.
