Resident deposits drop 0.4% in March

Resident deposits, including both individuals and companies, decreased by 0.4% in March this year compared with February, the Monetary Authority of Macao (AMCM) reported. According to the report, residents’ deposits have shrunk to MOP836.7 billion, while non-resident deposits increased by 5.4% to MOP348.1 billion. Meanwhile, public-sector deposits with the banking sector rose 3.8% to MOP255.5 billion. As a result, total deposits in the banking sector grew by 1.7% to MOP1,440.4 billion. The shares of MOP, HKD, RMB, and USD in total deposits were 18.9%, 45%, 8.7%, and 25.9%, respectively.