Banks give SMEs MOP48.5 bln in new credit in 2014

Macau’s banks approved MOP48.5 billion (US$6.2 billion) in new credit for small and medium enterprises last year, 68.1 per cent more than the year before, official data show. The Monetary Authority of Macau says 52 percent of last year’s new credit to SMEs was for expansion, although the proportion was greater in the first half than in the second. The rest was for setting up new enterprises.