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FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

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Home›Macau›July: Increase in deposits and loans

July: Increase in deposits and loans

By -
Thursday, September 7, 2017
119
0

Currency in circulation increased in July by 1.6 percent month-to-month whereas demand deposits dropped by 1.8 percent, according to statistics released this week by the Monetary Authority of Macau (AMCM). Resident deposits rose 2.1 percent from the preceding month to MOP554 billion while non-resident deposits grew by 5.6 percent to MOP271.8 billion.  On the other hand, public sector deposits in the banking sector decreased by 1.4 percent to MOP187.3 billion.  As a result, total deposits within the banking sector rose 2.4 percent from a month earlier to MOP1,013.2 billion.  The shares of MOP, HKD, RMB and USD in total deposits were 20.4 percent, 50.9 percent, 3.9 percent and 22 percent respectively.

Regarding loans, domestic loans to the private sector increased by 0.4 percent over the month to MOP434.8 billion.  Within those loans, MOP130.4 billion was MOP-denominated, MOP280.8 billion was denominated in HKD, MOP1.4 billion was denominated in RMB and MOP19.7 billion was denominated in USD.

At the end of July, the loan-to-deposit ratio for the resident sector dropped to 58.6 percent from 59.1 percent at the end of June. The non-performing loan ratio stayed at the low level of 0.3 percent.

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