Macau

Outlook hangs on parent banks’ abilities to provide support.

‘RHB REFLEX’ arms its users with flexible cash flow management capabilities.

Banks offer more attractive financing options.

Macao's number of RMB cards out 648,881 personal credit cards surged by 39 percent from a year earlier.

A million customers within a year.

Alliance Financial Group 's revenue for the first quarter ended June 30, 2012 rose to RM319.34 million from RM307.07 million last year.

Macao's loans to local private sector  increased 1.3 percent month-to-month in April to US$21.56 billion.

Macao's loans to local private sector decreased by 0.3 percent month-to-month in November to US%20.57 billion.

Domestic loans to local private sector in Macao is up 0.1 percent in October.

ICBC Macau drew the experience from domestic branches and launched the service of trading precious metal via accounts in order to meet the diversified investment requirement of overseas customers. ICBC Macau immediately became a local focus for being a commercial bank in Macau offering the most complete range of precious metal products, the longest trading hours and highest number of channels for users to buy/sell precious metals. This marked a new breakthrough of ICBC to launch global market services abroad and paved the way for the Bank to roll out across the world. The ICBC Macau's service of trading precious metal via accounts has generated wide response from the market since its launch, said an executive with ICBC. In just a month and a half, number of users has reached 185. A total of 10875.2 ounces, approximately 338 kilograms of gold, silver and platinum has been traded via accounts, generating a turnover of over USD 475,000.

 Bank of China’s Macao branch started sales of one billion yuan worth of yuan certificate of deposits. These are the the first yuan CD issued in Macao. The first phase of CNY 500 million or US$75.9 million worth of CD has durations of two years and three years, with annual interest rates of 2.38 percent and 2.58 percent, respectively. The minimum purchase amount was CNY 200,000 or US$30.38 thousand.