According to statistics released today by the Monetary Authority of Macao, broad money supply increased in October with a stable share of patacas. Meanwhile, both resident deposits and loans increased from a month earlier.

Money supply

Currency in circulation rose 2.2% whereas demand deposits dropped 0.5%. M1 thus increased 0.2% from one month earlier. Meanwhile, quasi-monetary liabilities grew 0.8%.  The sum of these two items, i.e. M2, rose 0.8% to MOP693.8 billion.  On an annual basis, both M1 and M2 increased 1.2%.  The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 34.8%, 50.3%, 5.7% and 7.6% respectively.

Deposits

Resident deposits increased 0.7% from the preceding month to MOP673.9 billion whereas non-resident deposits fell 0.2% to MOP383.3 billion.  Meanwhile, public sector deposits with the banking sector dropped 0.7% to MOP262.1 billion.  As a result, total deposits in the banking sector increased 0.2% from a month earlier to MOP1,319.3 billion.  The shares of MOP, HKD, RMB and USD in total deposits were 18.6%, 52.4%, 5.3% and 21.9% respectively.

Loans

Domestic loans to the private sector grew 0.3% from a month ago to MOP562.3 billion while external loans also rose 0.6% to MOP754.6 billion. As a result, total loans to the private sector went up by 0.5% from a month earlier to MOP1,316.9 billion.  The shares of MOP, HKD, RMB and USD in total loans were 15.9%, 38.3%, 13.6% and 28.7% respectively.

Operating ratios

At end-October, the loan-to-deposit ratio for the resident sector remained virtually unchanged from a month ago at 60.1%.  On the other hand, the ratio for both the resident and non-resident sectors increased from 99.5% to 99.8%.  The one-month and three-month current assets to liabilities ratios stood at 72.8% and 62.2% respectively.  Concurrently, the non-performing loan ratio stabilised at 0.37%.