Resident deposits grow in January

TOTAL deposits with the city’s banking sector reached MOP941.4 billion (US$117.7 billion) for the first month of the year, with resident deposits jumping by 13.2 per cent year-on-year, the latest official data released yesterday by the Monetary Authority of Macau (AMCM) shows.
In the month, resident deposits accounted for MOP521.4 billion of the total, representing an increase of 0.5 per cent month-on-month and 13.2 per cent year-on-year. Meanwhile, deposits of non-residents and the public sector fell by 12.9 per cent and 8.6 per cent year-on-year, amounting to MOP249.1 billion and MOP281.26 billion, respectively.
Of the total deposits with banks, those denominated in Hong Kong Dollars (HKD) accounted for nearly half – at 46.9 per cent – followed by those in Macau Patacas (MOP) and U.S. Dollars (USD), at 22 per cent and 23.7 per cent, respectively.
Loans up In the same period, local banks granted a total of MOP415.5 billion worth of domestic loans to the private sector, a drop of 1.7 per cent month-on-month, yet an increase of 6.7 per cent year-on-year.
Of the total domestic loans, those denominated in MOP amounted to MOP123.63 billion, accounting for 29.8 per cent of the total. However, the majority, some 64.9 per cent, were denominated in HKD, amounting to MOP269.8 billion.
Meanwhile, external loans rose 3.2 per cent month-on-month, or 2.3 per cent year-on-year, totalling MOP373.1 billion. USD-denominated loans in January reached MOP201 billion, representing 54 per cent of the total, followed by those denominated in HKD, at MOP98 billion, accounting for 26.3 per cent of the total.
As at the end of the month, the loan-to-deposit ratio for the resident sector dropped 0.9 percentage points from the previous month, to 60 per cent.
More in circulation Currency in circulation amounted to MOP15.35 billion for the month, rising by 13.2 per cent month-on-month, or 17.1 per cent year-on-year.
Monetary supply M2 amounted to MOP536.8 billion, an increase of 0.8 per cent month-on-month, or 13.3 per cent year-on-year. Of the total, the share of MOP accounted for 32.1 per cent at MOP172.3 billion, while that of HKD reached MOP280.4 billion, accounting for 52.2 per cent.
In addition, the M2 of RMB and USD amounted to some MOP21.7 billion and MOP50.4 billion, accounting for 4 per cent and 9.4 per cent of the total, respectively.