SMEs’ credit engagement hits level not seen since H1 2017

 ab26

Small- and medium-sized businesses in Macau shouldered as much as MOP67.32 billion (US$8.36 billion) in outstanding credit as of the second half of 2025, recent information from the city’s de-facto central bank shows.

This amount slid by nearly 14 per cent from the 2024 level. Compared with the first half of 2025, there is a sequential drop of about 9.7 per cent.

The 2025 H2 credit balance appeared to be the lowest since the first half of 2017.

These data points show a sustained downward trajectory in lending activity, reflecting a broader deleveraging trend since then.

These borrowings accounted for 13.7 per cent of bank loans to the private sector, the lowest level since records began in 2008.

Status of past-due loans

According to the Monetary Authority of Macao, loans past due dates for the second half of last year shrank to nearly MOP5.3 billion, alongside a delinquency ratio of 7.9 per cent.

This H2 2025 amount of delinquent loans fell 6.3 per cent sequentially and 1 per cent year over year.

In the second half of 2022, problem borrowings by the SME sector more than doubled to MOP1.16 billion the next half. This amount has since snowballed to a record high of MOP5.64 billion in H1 2025.

https://macaubusiness.com/smes-credit-engagement-hits-level-not-seen-since-h1-2017/ + https://macaudailytimes.com.mo/sme-credit-activity-hits-lowest-level-since-h1-2017.html

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