Monetary and Financial Statistics – February 2013

According to statistics released today by the Monetary Authority of Macao, broad money supply grew marginally in February. As total loans increased at a faster pace than total deposits, the overall loan-to-deposit ratio of the banking sector rose from a month earlier. Money supply Currency in circulation grew 4.2% while demand deposits dropped 3.6%. M1 thus decreased 2.4% from one month earlier. Concurrently, quasi-monetary liabilities grew 0.6%. The sum of these two items, i.e. M2, rose 0.2% to MOP390.7 billion. On an annual basis, M1 and M2 rose 33.8% and 25.8% respectively. The share of Pataca (MOP) in M2 stood at 24.6%, down 0.4 percentage points from a month ago or 1.6 percentage points from a year earlier. The share of Hong Kong Dollar (HKD) in M2 was 54.6%, down 0.4 percentage points month-to-month but up 0.7 percentage points year-on-year. Deposits Resident deposits rose 0.2% from the preceding month to MOP382.5 billion. Of which, MOP deposits and HKD deposits decreased at respective rates of 2.1% and 0.5% while other foreign currency deposits grew 4.6%. Non-resident deposits dropped 0.8% to MOP133.7 billion whereas public sector deposits with the banking sector increased 7.0% to MOP52.5 billion. As a result, total deposits with the banking sector rose 0.5% from a month earlier to MOP568.7 billion. The shares of MOP and HKD in total deposits were 20.6% and 47.2% respectively. Loans Domestic loans to the private sector increased 0.9% from a month ago to MOP207.2 billion. Among which, MOP65.8 billion was MOP-denominated and MOP123.0 billion was denominated in HKD, representing 31.7% and 59.4% of the total respectively. On the other hand, external loans increased 3.2% to MOP234.9 billion; of which, loans denominated in MOP and HKD accounted for 1.0% (MOP2.2 billion) and 22.3% (MOP52.5 billion) respectively. Loan-to-deposit ratios The loan-to-deposit ratio for the resident sector at end-February remained virtually unchanged from the previous month at 47.6%. The ratio for both the resident and non-resident sectors was 77.7%, up 1.2 percentage points from end-January. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)