Residents’ deposits grow to MOP717b

Resident deposits grew 1.5% from the preceding month to MOP717.2 billion while non-resident deposits edged up to MOP323.8 billion, according to data from the Monetary Authority of Macao. On the other hand, public sector deposits with the banking sector fell 1.9% to MOP189.8 billion. As a result, total deposits in the banking sector rose 0.6% from a month earlier to MOP1,230.7 billion. Meanwhile, domestic loans to the private sector fell 0.4% from a month ago to MOP536.0 billion.