According to statistics released today by the Monetary Authority of Macao, broad money supply continued to grow in April. As total deposits increased at a faster pace than total loans, the overall loan-to-deposit ratio of the banking sector dropped from a month earlier.
Money supply
Currency in circulation and demand deposits grew 0.9% and 5.3% respectively. M1 thus increased 4.6% from one month earlier. Concurrently, quasi-monetary liabilities rose 0.9%. The sum of these two items, i.e. M2, increased 1.4% to MOP396.5 billion. On an annual basis, M1 and M2 rose 32.2% and 25.2% respectively. The share of Pataca (MOP) in M2 stood at 24.7%, down 0.1 percentage point from a month ago or 1.1 percentage points from a year earlier. The share of Hong Kong Dollar (HKD) in M2 was 54.7%, up 0.3 percentage points month-to-month but down 0.4 percentage points year-on-year.
Deposits
Resident deposits rose 1.4% from the preceding month to MOP388.2 billion. Of which, MOP deposits, HKD deposits and other foreign currency deposits increased at respective rates of 1.1%, 1.9% and 0.2%. Non-resident deposits grew 7.5% to MOP141.0 billion whereas public sector deposits with the banking sector edged up 0.1% to MOP53.8 billion. As a result, total deposits with the banking sector rose 2.7% from a month earlier to MOP583.1 billion. The shares of MOP and HKD in total deposits were 20.3% and 47.3% respectively.
Loans
Domestic loans to the private sector increased 2.9% from a month ago to MOP216.8 billion. Among which, MOP69.3 billion was MOP-denominated and MOP127.7 billion was denominated in HKD, representing 32.0% and 58.9% of the total respectively. On the other hand, external loans increased 1.3% to MOP260.1 billion; of which, loans denominated in MOP and HKD accounted for 0.9% (MOP2.3 billion) and 21.0% (MOP54.7 billion) respectively.
Loan-to-deposit ratios
The loan-to-deposit ratio for the resident sector at end-April rose 0.8 percentage points from the previous month to 49.0%. The ratio for both the resident and non-resident sectors dropped 0.5 percentage points to 81.8%. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)
