The total number of personal credit cards circulation in Macao has increased to 725,755 at the end of the third quarter of 2013, up 4.7% compared to the previous quarter, according to data by the Monetary Authority of Macao.

Of the total number of credit cards, the circulation of pataca cards, Hong Kong dollar cards and Chinese yuan cards were 515,956, 77,807 and 131,992 respectively at the end of the quarter, which represents a rise of 3.6%, 4.9% and 8.9% quarter-to-quarter.

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According to the report, credit card credit limit granted by banks in Macao amounted to MOP13.3bn ($1.66bn) at the end of the third quarter, an increase of 8.1% from the second quarter of 2013.

During the period, the delinquency ratio, which is the ratio of delinquent amount overdue for more than three months to credit card receivable, was 0.65%.

The data indicated that quarter-on-quarter the credit card turnover increased by 5.3% to MOP3.4bn ($425m).

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