Macao bank deposits grows to $131bn in July

9 September, 2018 12:00 AM printer

MACAO: The total deposits in Macao’s banking sector grew 1.3 percent in July from a month earlier to 1,056.4 billion patacas (about 131.0 billion U.S. dollars), the special administrative region’s monetary watchdog said on Friday.

Monetary Authority of Macao said in its latest report that resident deposits grew 2.0 percent from the preceding month to 600.9 billion patacas (about 74.5 billion dollars) whereas non-resident deposits fell 5.5 percent to 240.6 billion patacas (about 29.8 billion dollars), reports Xinhua.

Public sector deposits with the banking sector increased 8.0 percent to 214.9 billion patacas (about 26.6 billion dollars), the report added.

The shares of pataca, Hong Kong dollar, renminbi and U.S. dollar in total deposits were 20.2 percent, 51.2 percent, 4.5 percent and 20.9 percent respectively.

Meanwhile domestic loans to the private sector grew 0.6 percent from a month ago to 481.5 billion patacas (about 59.7 billion dollars) and external loans also rose 0.6 percent to 506.1 billion patacas (about 62.7 billion dollars). As a result, total loans to the private sector increased 0.6 percent from a month earlier to 987.6 billion patacas (about 122.4 billion dollars).

At the end of July, the loan-to-deposit ratio for the resident sector dropped from 60.7 percent at the end of June to 59.0 percent. Meanwhile, the ratio for both the resident and non-resident sectors fell from 94.1 percent to 93.5 percent.