According to statistics released today by the Monetary Authority of Macao, broad money supply continued to grow in December. Meanwhile, both resident deposits and loans increased from a month earlier.

Money supply

Currency in circulation and demand deposits rose 1.7% and 11.0% respectively. M1 thus increased 8.2% from one month earlier.  Meanwhile, quasi-monetary liabilities rose 4.8%.  The sum of these two items, i.e. M2, grew 5.1% to MOP717.9 billion.  On an annual basis, M1 dropped 4.1% whereas M2 grew 4.4%.  The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 38.6%, 41.6%, 8.2% and 9.9% respectively.

Deposits

Resident deposits increased 5.2% from the preceding month to MOP697.4 billion while non-resident deposits rose 4.2% to MOP321.7 billion.  On the other hand, public sector deposits with the banking sector decreased 2.4% to MOP242.5 billion. As a result, total deposits in the banking sector grew 3.4% from a month earlier to MOP1,261.7 billion.  The shares of MOP, HKD, RMB and USD in total deposits were 22.2%, 42.7%, 10.0% and 23.0% respectively.

Loans

Domestic loans to the private sector grew by 0.7% from a month ago to MOP572.3 billion.  Analysed by economic sector, “transport, warehouse and communications” and “restaurants, hotels and similar” grew at respective rates of 29.9% and 10.9% compared with a quarter ago, whereas “wholesale and retail trade” and “construction and public works” fell 10.8% and 2.6% respectively. On the other hand, external loans dropped 0.5% to MOP701.7 billion. As a result, total loans to the private sector went up by 0.1% from a month earlier to MOP1,274.0 billion.  The shares of MOP, HKD, RMB and USD in total loans were 17.4%, 41.0%, 16.3% and 22.9% respectively.

Operating ratios

At end-December, the loan-to-deposit ratio for the resident sector decreased from 62.4% at end-November to 60.9%.  Meanwhile, the ratio for both the resident and non-resident sectors decreased from 104.4% to 101.0%.  The one-month and three-month current assets to liabilities ratios stood at 69.6% and 58.9% respectively.  Concurrently, the non-performing loan ratio increased to 1.5%.