According to statistics released today by the Monetary Authority of Macao, broad money supply continued to fall in August with a stable share of patacas. Meanwhile, resident deposits decreased from a month ago whereas loans to residents posted an increase.

Money supply

Currency in circulation edged up by 0.1% whereas demand deposits dropped 1.6%. M1 thus fell by 1.1% from one month earlier.  Meanwhile, quasi-monetary liabilities fell 0.4%.  The sum of these two items, i.e. M2, decreased 0.5% to MOP687.1 billion.  On an annual basis, M1 grew 2.4% whereas M2 dropped 2.1%.  The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 35.3%, 50.0%, 5.9% and 7.2% respectively.

Deposits

Resident deposits decreased 0.5% from the preceding month to MOP667.6 billion whereas non-resident deposits rose 8.5% to MOP397.0 billion.  On the other hand, public sector deposits with the banking sector dropped 0.3% to MOP264.4 billion.  As a result, total deposits in the banking sector increased 2.1% from a month earlier to MOP1,329.0 billion.  The shares of MOP, HKD, RMB and USD in total deposits were 18.6%, 52.5%, 5.0% and 21.3% respectively.

Loans

Domestic loans to the private sector grew 1.2% from a month ago to MOP564.3 billion while external loans also rose 0.3% to MOP748.3 billion. As a result, total loans to the private sector went up by 0.7% from a month earlier to MOP1,312.7 billion.  The shares of MOP, HKD, RMB and USD in total loans were 15.8%, 38.1%, 12.9% and 29.6% respectively.

Operating ratios

At end-August, the loan-to-deposit ratio for the resident sector rose from 59.6% at end-July to 60.6%.  On the other hand, the ratio for both the resident and non-resident sectors decreased from 100.1% to 98.8%.  The one-month and three-month current assets to liabilities ratios stood at 68.8% and 59.0% respectively.  Concurrently, the non-performing loan ratio stabilised at 0.36%.