Monetary and financial statistics – November 2019

According to statistics released today by the Monetary Authority of Macao, broad money supply retreated in November with a stable share of patacas. Meanwhile, resident deposits dropped from a month ago whereas loans to residents posted an increase.

Money supply

Currency in circulation rose 2.0% month-to month whereas demand deposits dropped 1.8%. M1 thus decreased 1.0% from one month earlier. Meanwhile, quasi-monetary liabilities remained virtually unchanged. The sum of these two items, i.e. M2, retreated 0.1% to MOP672.9 billion. On an annual basis, M1 and M2 increased 3.6% and 6.3% respectively. The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 31.0%, 47.7%, 4.7% and 14.8% respectively.

Deposits

Resident deposits went down by 0.2% from the preceding month to MOP656.1 billion while non-resident deposits also dropped 0.5% to MOP241.4 billion. Meanwhile, public sector deposits with the banking sector decreased 1.2% to MOP243.8 billion. As a result, total deposits in the banking sector fell 0.4% from a month earlier to MOP1,141.3 billion. The shares of MOP, HKD, RMB and USD in total deposits were 19.0%, 48.2%, 4.0% and 26.1% respectively.

Loans

Domestic loans to the private sector grew 0.4% from a month ago to MOP516.5 billion whereas external loans fell 3.7% to MOP551.5 billion. As a result, total loans to the private sector went down by 1.8% from a month earlier to MOP1,067.9 billion. The shares of MOP, HKD, RMB and USD in total loans were 17.4%, 48.9%, 5.6% and 25.1% respectively.

Operating ratios

At end-November, the loan-to-deposit ratio for the resident sector rose from 56.9% at end-October to 57.4%. On the other hand, the ratio for both the resident and non-resident sectors dropped from 94.8% to 93.6%. The one-month and three-month current assets to liabilities ratios stood at 52.2% and 48.2% respectively. Concurrently, the non-performing loan ratio stabilised at 0.3%.



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