Statistics | Loans increase at a faster pace than deposits

Total loans increased at a faster pace than total deposits, according to statistics released yesterday by the Monetary Authority of Macau. Concerning money supply, the latest data indicates that the total amount currency in circulation has dropped by 1.8 percent.
Resident deposits decreased by 0.9 percent from the preceding month to MOP477.4 billion. Non-
resident deposits grew by 7.1 percent to MOP266.0 billion. Public sector deposits within the banking sector increased by 2.5 percent to MOP121.7 billion. As a result, total deposits within the banking sector rose by 1.9 percent from a month earlier to MOP865.0 billion. The shares of MOP, HKD, CNY and USD in total deposits were 18.3%, 41.3%, 13.7% and 22.5% respectively.
The Monetary Authority also indicated that domestic loans to the private sector have increased by 2.4 percent from a month ago to MOP376.0 billion. Among these, MOP100.7 billion was MOP-denominated, MOP247.0 billion was denominated in HKD, MOP3.1 billion was denominated in CNY and MOP22.8 billion was denominated in USD.