Bankruptcy doubles in Macau over the past 12 months

Noticias ao Minuto

Bankruptcy doubles in Macau over the past 12 months

In late March, the Territory's bank had accumulated winning loans of 45.4 billion potatoes (EUR 5.25 billion), 111.3% higher than the same month last year, according to a statement from the Macau Monetary Authority (AMCM). Poor loans have hit new records for 13 consecutive months, the AMCM reported, dating back to 1990, even during the Portuguese administration of the Territory. The winning loan represents 4.2 percent of the loans of Macau banks…