As deposits with banks dropped and loans witnessed an increase in May, the loan-to-deposit ratio rose from a month earlier. According to statistics released today by the Monetary Authority of Macau, total deposits with the banking sector dropped 0.7 percent from the previous month to MOP297.9 billion. The shares of MOP and HKD in total deposits were 22.2 percent and 46.8 percent respectively. Domestic loans to the private sector expanded 2.0 percent in May to MOP108.4 billion. Meanwhile, external loans grew 1.2 percent to MOP109.3 billion. Due to the decline in deposits and increase in loans, the loan-to-deposit ratio was 73.1 percent, up 1.7 percentage points.
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