According to statistics released today by the Monetary Authority of Macao, broad money supply rebounded in May 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 1.1% and 9.2% respectively. M1 thus increased 7.1% from one month earlier.  On the other hand, quasi-monetary liabilities edged down by 0.1%.  The sum of these two items, i.e. M2, rebounded 0.7% to MOP703.0 billion.  On an annual basis, M1 dropped 3.5% whereas M2 grew 2.4%. The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 35.0%, 50.0%, 5.5% and 7.9% respectively.

Deposits

Resident deposits increased 0.7% from the preceding month to MOP683.8 billion whereas non-resident deposits fell 2.7% to MOP351.4 billion.  On the other hand, public sector deposits with the banking sector rose 0.7% to MOP265.9 billion.  As a result, total deposits in the banking sector decreased 0.2% from a month earlier to MOP1,301.1 billion.  The shares of MOP, HKD, RMB and USD in total deposits were 19.3%, 51.8%, 5.4% and 21.0% respectively.

Loans

Domestic loans to the private sector grew 0.5% from a month ago to MOP544.0 billion while external loans also rose 2.5% to MOP757.4 billion. As a result, total loans to the private sector went up by 1.6% from a month earlier to MOP1,301.4 billion.  The shares of MOP, HKD, RMB and USD in total loans were 15.6%, 37.3%, 14.5% and 29.2% respectively.

Operating ratios

At end-May, the loan-to-deposit ratio for the resident sector fell from 57.4% at end-April to 57.3%.  On the other hand, the ratio for both the resident and non-resident sectors increased from 98.2% to 100.0%.  The one-month and three-month current assets to liabilities ratios stood at 59.0% and 57.3% respectively.  Concurrently, the non-performing loan ratio decreased from 0.37% at end-April to 0.36%.