Macau banking sector has US$159 billion in international assets at the end of 2017

15 February 2018

The total international assets of Macau’s banking sector totalled 1.286 billion patacas (US$159.7 billion) at the end of 2017, up 2.4% from the previous quarter and 9.9% on year, according to the Macau Monetary Authority (AMCM).

The AMCM noted an increase of 13.7%, or 935.1 billion patacas, of outflows abroad and growth of 0.9%, corresponding to 350.5 billion patacas, in local assets in foreign currency.

Non-bank lending abroad accounted for the lion’s share of international assets, increasing 21.0% to 437.6 billion patacas.

Macau’s total international liabilities totalled 1.212 billion patacas (US$150.6 billion), up 3.2% from the previous quarter and growth of 10.9% year on year.

Foreign currency deposits of residents and the government of the Macau Special Administrative Region at local banks continued to account for the largest component of total international liabilities.

These deposits grew 14.5% to 569.4 billion patacas at the end of December 2017, compared to 497.5 billion patacas at the end of 2016, the Macau Monetary Authority said. (macauhub)