Banks post 14.3% profit growth in first two months

Macau banks’ profits rose 14.3% year-on-year to MOP2.714 billion in January–February, driven by higher net interest income, according to the Monetary Authority of Macao. Net interest margin climbed 24.4% to MOP3.085 billion, while total interest income fell 3.96% and interest expenses dropped 10.22%. Other banking income edged down 1.27% to MOP2.091 billion. Non-performing loan (NPL) ratio fell to 4.7%, with resident NPLs steady at 4.1% and non-resident NPLs declining to 5.1%.