Non-resident deposits dropped 7.5pct

In November, currency in circulation and demand deposits rose 1.5 percent and 0.5 percent respectively, according to statistics released on Friday by the Monetary Authority of Macao (AMCM).

Resident deposits grew 1.5 percent from the preceding month to MOP617 billion, whereas non-resident deposits dropped 7.5 percent to MOP230.3 billion. On the other hand, public sector deposits with the banking sector increased 1.5 percent to MOP230.2 billion.

According to AMCM, total deposits in the banking sector decreased 0.6 percent from a month earlier to MOP1,077.5 billion. The shares of MOP, HKD, RMB and USD in total deposits were 19.8 percent, 51.7 percent, 3.9 percent and 21.4 percent respectively.

Domestic loans to the private sector grew 0.8 percent from a month ago to MOP496 billion, whereas external loans went down by 0.1 percent to MOP501.5 billion. Total loans to the private sector increased 0.3 percent from a month earlier to MOP997.5 billion. The shares of MOP, HKD, RMB and USD in total loans were 16.4 percent, 50.6 percent, 3.3 percent and 26.5 percent respectively.