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Lusa - Business News - Macau: New home loans fall 47.5% on year in September

Macau, Nov. 13 (Lusa) - New home loans in Macau fell by 47.5% in September compared to the same period of 2016, according to official figures released by the Monetary Authority of Macau (AMCM).
According to AMCM statistics, banks granted loans of 2.8 billion patacas (€300.1 million) in September - down 12.3% against the previous month - of which almost 98% were loans provided to residents of Macau (2.75 billion patacas or €294 million).
New commercial lending for real estate activities approved in September also fell by 51.1% to 4.4 billion patacas (€471.1 million) compared to the same period of last year. In monthly terms, commercial loans increased by 57.4%.
At the end of September, the gross balance of new loans for real estate activities amounted to 173.6 billion patacas (€18.5 billion), an increase of 2.2%, while the gross balance for housing, in the amount of 188.3 billion patacas (€20.1 billion) grew 5.4% year-on-year, according to the AMCM.


Agency : LUSA

Date : 2017-11-14 09:08:14


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