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Macau Bank Earnings Drop by Half in 2023
In 2023, Macau’s banks saw profits drop to MOP 6.14 billion (EUR 701.3 million), a 53.5% decrease from the previous year. The Monetary Authority of Macau (AMCM) cites the tough last quarter as the primary cause. Banks lost MOP 4.09 billion (EUR 467.6 million) during this period. Initially, the banks had a promising year, with […]