Statistics | Money supply continues to grow

Since total loans decreased at a faster pace than total deposits, the banking sector’s overall loan-to-deposit ratio dropped slightly from the previous month, according to statistics released yesterday by the Monetary Authority of Macao (AMCM).
The data released indicates that money supply continued to grow in July with currency in circulation and demand deposits growing 3.2 percent and 3.6 percent respectively.
Resident deposits increased 2.6 percent from the preceding month to MOP478 billion, while non-resident deposits dropped 5.8 percent to MOP275.6 billion. Total deposits with the banking sector decreased 0.3 percent from a month earlier to MOP910.7 billion. The shares of MOP, HKD, CNY and USD in total deposits were 20.9 percent, 47.4 percent, 8.7 percent and 20.2 percent, respectively.
According to AMCM, domestic loans to the private sector decreased 0.3 percent from a month ago to MOP402.0 billion. At end-July, the loan-to-deposit ratio for the resident sector shrank 1.7 percentage points from the previous month to 63.3 percent.