Macau banks' profits shrink 16.3% until July

Macau banks obtained a profit of 6.33 billion patacas, equivalent to 675 million euros, in the first seven months of the year. This value represents a decline of 16.3% compared to the same period of the previous year. The decline in profits occurs in a context of economic contraction in Macau, a territory that faces significant challenges in its economy dependent on gambling and tourism.