International banking statistics – September 2021
According to the statistics released today by the Monetary Authority of Macao, the proportion of international business in the local banking sector retreated in the third quarter of 2021. At end-September 2021, the share of international assets in total banking assets decreased to 85.9% from 86.2% at end-June 2021, while the share of international liabilities in total banking liabilities fell to 83.8% from 83.9%.
Non-local currencies continued to be the dominant denomination in international banking transactions. At end-September 2021, the shares of the pataca in total international assets and total international liabilities were 0.6% and 0.7% respectively. The Hong Kong dollar, the US dollar, the renminbi and other foreign currencies accounted for 33.6%, 44.8%, 16.2% and 4.9% of total international assets while their respective shares in total international liabilities were 38.7%, 42.2%, 15.0% and 3.4%.
International Banking Assets
At end-September 2021, total international assets decreased by 0.9% from a quarter ago but increased by 13.7% from a year earlier to MOP2,157.9 billion (USD269.1 billion). Within this total, external assets went up by 15.9% year-on-year to MOP1,639.3 billion while local assets in foreign currencies also increased by 7.3% to MOP518.6 billion. As a major component of international assets, external non-bank loans advanced by 13.9% to MOP750.2 billion.
International Banking Liabilities
Total international liabilities fell by 0.6% from three months ago but rose by 15.1% year-on-year to MOP2,104.1 billion (USD262.4 billion). Of this total, external liabilities and local liabilities in foreign currencies expanded year-on-year by 28.1% to MOP1,256.6 billion and 0.1% to MOP847.5 billion respectively. Foreign currency deposits held by residents and the MSAR government in local banks continued to form a major component of international liabilities. This type of deposits dropped by 1.7% year-on-year to MOP692.4 billion at end-September 2021.
Breakdown of External Banking Assets and Liabilities by Region
The majority of external assets and liabilities of the local banking sector were related to Asia and Europe. At end-September 2021, claims on Mainland China and Hong Kong occupied 43.4% and 28.1% of total external assets, while claims on Luxembourg and Portugal both took up 0.9%. Meanwhile, claims on Portuguese-speaking countries and countries along the “Belt and Road” occupied respective shares of 1.3% and 8.0%. On external liabilities, Mainland China and Hong Kong accounted for 39.8% and 36.0% of the total respectively, while the United Kingdom and France took up corresponding shares of 5.0% and 4.2%. Portuguese-speaking countries and countries along the “Belt and Road” represented 0.6% and 7.6% respectively.
The compilation of International Banking Statistics follows the methodology advocated by the Bank for International Settlements in order to facilitate Macao SAR’s participation in the “Locational International Banking Statistics” project of the international organisation.