Top Banks in Macau

An overview of Macau's leading financial institutions

Overview of Banks in Macau

There are 27 licensed banks in Macau, of which 4 are headquartered in the Macau SAR. Traditionally, the economy of Macau has focused on gambling and gambling-related activities. However, in recent times, it has become a hub for Chinese banking activities, playing a crucial role in the internationalization of the RMB. Although Macau’s banking sector is still relatively immature compared to traditional banking hubs such as Singapore and Hong Kong, it is growing at a rapid pace.


top banks in macau


The top banks in Macau are:


Bank of China

The Bank of China Macau Branch, originally established as Nam Tung Bank in Macau in June 1950, is the largest of the banks in Macau by assets, with a 40% share of local financial activities. Besides being one of the two note-issuing banks in the country, it serves as clearing house for various foreign currencies and sits as a member of several economic councils of the Macau SAR Government. In 2011, the Bank of China Macau Branch became the first financial institution to receive the Medal of Merit from the SAR Government. It is the largest overseas branch of the Bank of China.

Total Assets in 2016: MOP538,464,416,000

Total Profit in 2016: MOP5,488,300,000


ICBC Macau

The Industrial and Commercial Bank of China (Macau), formerly known as the Seng Heng Bank, is the third largest of locally established banks in Macau. In 2009, ICBC purchased 79.9% of the bank, which then became a subsidiary of ICBC.

ICBC holds the distinction of being the first bank to issue pre-paid debit cards in Greater China. The bank operates 106 branches, including a branch in Shenzhen exclusively for foreign currency wholesale business, and a branch in Singapore, and maintains representative offices in Xiamen and Taipei.

Total Assets of ICBC in 2016: MOP29,206,090,000,000

Total Profit of ICBC in 2016: MOP337,718,260,000


Tai Fung Bank

Tai Fung Bank Limited, which started as Tai Fung Money Changer, was founded in 1942 by Ho Yin and several business magnates from Macau and Hong Kong. In 1972, it adopted the name Tai Fung Bank and became the first local bank in Macau. In 1984, it became a subsidiary of the Bank of China, and it currently holds a market share of about 11.2%. Apart from traditional services such as deposits, loans, and trade finance, Tai Fung Bank is also involved in several financial development activities in Macau. The bank currently operates 25 local branches and one branch in Shanghai.

Total Assets in 2016: MOP151,900,000,000

Total Profit in 2016: MOP1,416,000,000


Luso International Banking

LIB was established and registered in Macau in 1974. In 1985, the bank became a subsidiary of Xiamen International Bank, the first joint-venture bank in China. As one of the major commercial banks in Macau, LIB employs over 400 staff in 13 branches. LIB is a prudent and active financial institution and is determined to provide high-quality services for the prosperity and development of Macau. The bank offers personal banking, trade financing, and consumer and corporate banking services.

Total Assets in 2016: MOP128,238,857,000

Total Profit in 2016: MOP1,163,737,000


Banco Nacional Ultramarino

Banco Nacional Ultramarino is essentially a Portuguese bank that was established in Lisbon in 1864 but now operates only in its former colony. In 1901, BNU opened branches in Macau as the bank expanded into Portugal’s overseas provinces, including India and East Timor. In 2001, BNU merged with Caixa Geral de Despositos and ceased being an independent legal entity. It is the only other bank besides the Bank of China that is authorized to issue Macanese Pataca bank notes.

Total Assets in 2016: MOP68,500,000,000

Total Profit in 2016: MOP681,433,000


OCBC Wing Hang Bank

OCBC Wing Hang Bank Limited (Macau) is a wholly owned-subsidiary of OCBC Wing Hang Bank Limited (Hong Kong), which was established in 1941 as Banco Wen Hang. It became a full subsidiary of OCBC Bank, the second largest financial group in Southeast Asia, in 2014. It operates about 12 sub-branches in Macau, with about 500 employees. OCBC Wing Hang Bank Limited (Macau) offers customers an augmented banking network, enhanced market access, and an expanded range of products and services for their personal and business financial needs.

Total Assets of the OCBC Group in 2016: MOP269,379,702,000

Total Profit of the OCBC Group in 2016: MOP2,456,073,000


Banco Comercial De Macau

BCM Bank is one of the leading locally incorporated banks in Macau. Founded in 1974, the bank is a major player in Macau’s financial sector, in addition to being a partner in several infrastructural projects. In 2005, BCM Bank became a subsidiary of Hong Kong-based Dah Sing Banking Limited. It currently operates 14 branches in Macau.

Total Assets in 2016: MOP19,292,946,000

Total Profit in 2016: MOP204,238,000


Novo Banco Asia

Novo Banco Asia is the only overseas unit of Portugal-based Novo Banco Group. Established in 1996, Novo Banco is involved in the gaming, entertainment, and tourism industries in Macau, in addition to its commercial and industrial financial activities. The Novo Banco Group’s large network of business units and ties with African and Latin American countries enable the bank to support Chinese companies looking to expand their businesses and invest abroad. The bank’s only other overseas branch is in Shanghai.

Total Assets in 2016: MOP951,477,375

Total Profit in 2016: MOP128,447,513


Macau Chinese Bank

Formerly known as Finibanco since its establishment in 1995, Macau Chinese Bank primarily operates as a commercial bank. It is a subsidiary of Winhise Holding Limited, which owns majority shares in MCB since 2002. In addition to the bank’s general commercial and insurance services, MCB offers SME financing, international trade, import and export financing, and customer deposits such as MOP/HKD saving accounts, MOP/HKD checking accounts, MOP/HKD time deposits, and USD/EUR time deposits.

Total Assets in 2016: MOP142,697,856

Total Profit in 2016: MOP85,244,041


Banco Delta Asia

Banco Delta Asia is a Macau-based bank owned by Delta Asia Financial Group. The bank was founded in 1935 by Au Wing Ngok, father of Stanley Au, its current chairman. It is the 10th largest of the banks in Macau, employing only 150 staff. Banco Delta Asia currently faces sanctions from the US Government for accepting deposits from the North Korean Government.

Total Assets in 2016: MOP98,252,000

Total Profit in 2016: MOP48,121,220


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Additional resources

This has been CFI’s guide to the top banks in Macau.  For anyone looking for a career in banking, this list is a great place to start your networking.  Please also see these additional resources:

  • Top banks in the USA
  • Top 10 banks in Hong Kong
  • Investment banking interview questions
  • Walk me through a DCF
  • Financial modeling guide

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