According to statistics released today by the Monetary Authority of Macao, money supply continued to grow in June with a stable share of patacas.  On the other hand, both resident deposits and loans increased from a month earlier.

Money supply

Currency in circulation and demand deposits grew at the same pace of 0.5%.  M1 thus increased 0.5% from one month earlier.  Concurrently, quasi-monetary liabilities also rose 0.5%.  The sum of these two items, i.e. M2, increased 0.5% to MOP556.6 billion.  On an annual basis, M1 and M2 grew 17.0% and 16.2% respectively.  The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 31.7%, 53.2%, 3.9% and 9.1% respectively.

Deposits

Resident deposits rose 0.5% from the preceding month to MOP542.5 billion while non-resident deposits dropped 2.2% to MOP257.3 billion.  At the same time, public sector deposits with the banking sector increased 2.4% to MOP189.9 billion.  As a result, total deposits with the banking sector edged up 0.1% from a month earlier to MOP989.8 billion.  The shares of MOP, HKD, RMB and USD in total deposits were 21.0%, 51.2%, 3.7% and 21.9% respectively.

Loans

Domestic loans to the private sector increased 2.0% from a month ago to MOP433.1 billion.  Among which, MOP129.2 billion was MOP-denominated, MOP280.4 billion was denominated in HKD, MOP1.1 billion was denominated in RMB and MOP20.0 billion was denominated in USD, representing 29.8%, 64.7%, 0.2% and 4.6% of the total respectively.  Analysed by economic sector, “manufacturing industries”, “gaming” and “information technology” increased at respective rates of 20.5%, 19.3% and 10.3% compared with a quarter ago, whereas “education” and “transport, warehouse and communications” dropped 3.2% and 1.9% respectively.

External loans rose 2.5% to MOP428.0 billion; of which, loans denominated in MOP, HKD, RMB and USD accounted for 1.8% (MOP7.7 billion), 28.9% (MOP123.7 billion), 9.9% (MOP42.4 billion) and 52.2% (MOP223.4 billion)  respectively.

Operating ratios

At end-June, the loan-to-deposit ratio for the resident sector grew from 58.6% at end-May to 59.1%.  In the meantime, the ratio for both the resident and non-resident sectors also grew from 85.2% to 87.0%.  Both the one-month and three-month current assets to liabilities ratios stayed at relatively high levels of 49.1% and 53.6% respectively.  Concurrently, the non-performing loan ratio remained virtually stable at 0.2%.