According to statistics released today by the Monetary Authority of Macao, on a monthly basis, broad money supply continued to grow in April. As deposits grew faster than loans, the overall loan-to-deposit ratio of the banking sector dropped from a month earlier.

Money supply

Currency in circulation and demand deposits grew 2.2% and 6.3% respectively. M1 thus increased 5.6% from one month earlier. Concurrently, quasi-monetary liabilities rose 1.4%, pushing M2 to increase by 2.0% to MOP316.7 billion. On an annual basis, M1 and M2 rose 12.4% and 18.3% respectively. The share of Pataca (MOP) in M2 stood at 25.8%, up 0.1 percentage point over a month ago but down 1.1 percentage points from a year earlier. The share of Hong Kong Dollar (HKD) in M2 was 55.1%, up 0.5 percentage points month-to-month and 1.0 percentage point year-on-year.

Deposits

Resident deposits grew 2.0% from the preceding month to MOP309.7 billion. Of which, MOP deposits and HKD deposits increased at respective rates of 2.3% and 2.9% while other foreign currency deposits dropped 1.2%. Concurrently, non-resident deposits grew 2.4% to MOP127.6 billion and public sector deposits with the banking sector increased 6.1% to MOP32.6 billion. As a result, total deposits with the banking sector rose 2.4% from a month earlier to MOP470.0 billion. The shares of MOP and HKD in total deposits were 21.0% and 44.6% respectively.

Loans

Domestic loans to the private sector increased 1.3% on a monthly basis to MOP172.5 billion. Among which, MOP46.3 billion was MOP-denominated and MOP110.2 billion was denominated in HKD, representing 26.8% and 63.9% of the total respectively. On the other hand, external loans rose 0.6% to MOP183.3 billion; of which, loans denominated in MOP and HKD accounted for 0.6% (MOP1.2 billion) and 27.4% (MOP50.3 billion) respectively.

Loan-to-deposit ratios

As resident deposits grew faster than domestic loans to the private sector, the loan-to-deposit ratio for the resident sector at end-April 2012 dropped 0.5 percentage points month-to-month to 50.4%. The ratio for both the resident and non-resident sectors was 75.7%, down 1.1 percentage points from the previous month.

For enquiry, please contact:

Research and Statistics Department, Monetary Authority of Macao

(Tel: 83952532; Fax: 28353042)