Macau | Loans to private sector reach MOP997.5 bln in November

Macau (MNA) – The money supply to Macau in November has increased 1.5 per cent month-on-month to MOP633 billion (US$78.4 billion), according to a release issued on Monday by the Monetary Authority of Macau (AMCM).

Currency in circulation grew 1.5 per cent month-on-month, while demand deposits had decreased 0.5 per cent.

On the other hand, quasi-monetary liabilities rose by 1.6 per cent.

In terms of the share of currencies, shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) were 30.8 per cent, 51.8 per cent, 4.4 per cent and 11.1 per cent, respectively.

Resident deposits grew 1.5 per cent month-on-month to MOP617 million while non-resident deposits dropped by 7.5 per cent to MOP230.3 billion.

In the meantime, public sector deposits within the banking sector increased 1.5 per cent to MOP230.2 billion, resulting in the total deposits from the banking sector growing 1.6 per cent month-on-month to MOP1,077.5 billion.

In terms of deposits, shares of MOP, HKD, RMB and USD in total deposits were 19.8 per cent, 51.7 per cent, 3.9 per cent and 21.4 per cent, respectively.

Domestic loans to the private sector grew 0.8 per cent monthly to MOP496.0 billion whereas external loans went down by 0.1 per cent to MOP501.5 billion, bringing the total loans to the private sector in November up 0.3 per cent from a month earlier to MOP997.5 billion.

As of the end of November, the loan-to-deposit ratio for the residential sector dropped from 59 per cent from the end of October to 58.5 per cent.

In addition, the ratio for both the resident and non-resident sectors grew from 91.7 per cent to 92.6 per cent.

14 days indicative negative