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

Money supply

Currency in circulation and demand deposits rose 12.6% and 0.4% respectively. M1 thus increased 2.7% from one month earlier.  Meanwhile, quasi-monetary liabilities grew 1.6%.  The sum of these two items, i.e. M2, increased 1.7% to MOP699.4 billion.  On an annual basis, M1 and M2 increased 8.7% and 6.2% respectively.  The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 31.5%, 47.9%, 5.4% and 13.4% respectively.

Deposits

Resident deposits grew by 1.5% from the preceding month to MOP680.4 billion whereas non-resident deposits dropped 1.3% to MOP240.7 billion. Meanwhile, public sector deposits with the banking sector decreased 1.0% to MOP246.6 billion.  As a result, total deposits in the banking sector grew 0.3% from a month earlier to MOP1,167.6 billion.  The shares of MOP, HKD, RMB and USD in total deposits were 19.3%, 47.8%, 4.9% and 24.8% respectively.

Loans

Domestic loans to the private sector grew 0.3% from a month ago to MOP519.9 billion while external loans also rose 2.9% to MOP570.8 billion. As a result, total loans to the private sector went up by 1.7% from a month earlier to MOP1,090.7 billion.  The shares of MOP, HKD, RMB and USD in total loans were 17.4%, 47.5%, 6.4% and 25.7% respectively.

Operating ratios

At end-January, the loan-to-deposit ratio for the resident sector dropped from 56.3% at end-December 2019 to 56.1%.  On the other hand, the ratio for both the resident and non-resident sectors grew from 92.2% to 93.4%.  The one-month and three-month current assets to liabilities ratios stood at 46.2% and 47.7% respectively.  Concurrently, the non-performing loan ratio stabilised at 0.3%.