MACAO, Sept. 12 (Xinhua) -- The new approvals of both residential mortgage loans (RMLs) and commercial real estate loans (CRELs) fell in July, the special administrative region's monetary watchdog said here on Thursday.
According to statistics released by the Monetary Authority of Macao, the new RMLs approved by Macao banks dropped by 21.0 percent month-to-month to 4.8 billion patacas (about 595.5 million U.S. dollars) in July.
Among them, new RMLs to residents, representing 98.6 percent of the total, decreased by 21.0 percent to 4.7 billion patacas (about 583.1 million dollars). On the other hand, the non-resident component also fell by 22.2 percent to 67.1 million patacas (about 8.3 million dollars).
The monthly average of new RMLs approved from May to July was 4.9 billion patacas (about 607.9 million dollars), up by 17.8 percent from the previous period from April to June.
New CRELs fell by 33.3 percent month-to-month to 2.75 billion patacas (about 341.2 million dollars). Within this total, new CRELs to residents, which occupied 98.8 percent of the total, dropped by 32.3 percent to 2.71 billion patacas (about 336.2 million dollars).
The monthly average of new CRELs approved from May to July was 4.8 billion patacas (about 595.5 million dollars), down by 12.3 percent as compared with the previous period from April to June.
At the end of July, the delinquency ratio for RMLs stood at 0.22 percent, unchanged from a month ago but up by 0.03 percentage points over a year earlier.
The delinquency ratio for CRELs was 0.30 percent, up by 0.02 percentage points from a month ago or 0.16 percentage points from the end of July 2018.
