Macau (MNA) – For the second quarter of 2018, the proportion of international business in the local banking sector expanded, with the share of international assets in total banking growing 0.4 percentage points to 85.9 per cent, while the share of international liabilities in total banking increased 0.5 percentage points to 80.9 per cent.
According to the latest data released on Thursday by the Macao Monetary Authority (AMCM), total international assets in the second quarter increased 5 per cent quarter-to-quarter and 17.5 per cent year-on-year to MOP1,433.6 billion (US$177.3 billion).
Meanwhile, total international liabilities increased 5.1 per cent compared to the previous quarter and 18 .1 per cent year-on-year to MOP1,349.2 billion.
Foreign currency deposits held by residents and the Macau SAR Government in local banks continued to form a major component of international liabilities, with the deposits increased 9.9 per cent year-on-year to MOP583.8 billion.
Region-wise, claims on Mainland China and Hong Kong occupied 35.6 per cent and 34.5 per cent of total external assets, respectively.
Claims on Portuguese-speaking countries and countries along the ‘Belt and Road’ occupied 1.8 per cent and 3.7 per cent, respectively.
Hong Kong and Mainland China accounted for 51.1 per cent and 22.2 per cent, respectively, of total external liabilities.
Liabilities from Portuguese-speaking countries and regions along the ‘Belt and Road’ represented 0.8 per cent and 8.5 per cent, respectively.
