Monetary and Financial Statistics – October 2013

According to statistics released today by the Monetary Authority of Macao, broad money supply continued to grow in October. As total deposits increased faster than total loans, the overall loan-to-deposit ratio of the banking sector slid from a month earlier. Money supply
Currency in circulation and demand deposits grew 0.6% and 15.4% respectively. M1 thus increased 13.0% from one month earlier. Concurrently, quasi-monetary liabilities increased 3.2%. The sum of these two items, i.e. M2, grew 4.4% to MOP445.4 billion. On an annual basis, M1 and M2 rose 41.0% and 23.7% respectively. The share of Pataca (MOP) in M2 stood at 23.7%, down 0.6 percentage points from a month ago and 1.2 percentage points from a year earlier. The share of Hong Kong Dollar (HKD) in M2 was 53.2%, down 0.2 percentage points month-to-month and 2.8 percentage points year-on-year.
Deposits
Resident deposits grew 4.5% from the preceding month to MOP436.7 billion. Of which, MOP deposits, HKD deposits and other foreign currency deposits increased at respective rates of 1.9%, 4.0% and 8.2%. Non-resident deposits dropped 3.0% to MOP168.8 billion. On the other hand, public sector deposits with the banking sector increased 3.2% to MOP66.0 billion. As a result, total deposits with the banking sector surged by 2.4% from a month earlier to MOP671.5 billion. Loans
Domestic loans to the private sector increased 2.5% from a month ago to MOP249.5 billion. Among which, MOP78.9 billion was MOP-denominated and MOP147.5 billion was denominated in HKD, representing 31.6% and 59.1% of the total respectively. On the other hand, external loans decreased 1.5% to MOP264.8 billion; of which, loans denominated in MOP and HKD accounted for 1.4% (MOP3.7 billion) and 23.0% (MOP61.0 billion) respectively.
Loan-to-deposit ratios
The loan-to-deposit ratio for the resident sector at end-October dropped 0.9 percentage points from the previous month to 49.6%. The ratio for both the resident and non-resident sectors also decreased 1.5 percentage points to 76.6%.