Monetary and Financial Statistics – November 2013

According to statistics released today by the Monetary Authority of Macao, broad money supply rose marginally in November. As total loans increased faster than total deposits, the overall loan-to-deposit ratio of the banking sector grew from a month earlier. Money supply
Currency in circulation grew 1.5% whereas demand deposits dropped 9.4%. M1 thus decreased 7.8% from one month earlier. Concurrently, quasi-monetary liabilities increased 1.3%. The sum of these two items, i.e. M2, grew marginally by 0.1% to MOP445.7 billion. On an annual basis, M1 and M2 rose 30.5% and 20.4% respectively. The share of Pataca (MOP) in M2 stood at 23.8%, up 0.1 percentage point from a month ago but down 0.6 percentage points from a year earlier. The share of Hong Kong Dollar (HKD) in M2 was 52.8%, down 0.4 percentage points month-to-month and 2.3 percentage points year-on-year.
Deposits
Resident deposits kept virtually unchanged from the preceding month at MOP436.9 billion. Of which, MOP deposits and other foreign currency deposits increased at respective rates of 0.3% and 1.5% while HKD deposits dropped 0.7%. Non-resident deposits grew 2.7% to MOP173.3 billion. On the other hand, public sector deposits with the banking sector increased 2.9% to MOP67.9 billion. As a result, total deposits with the banking sector rose 1.0% from a month earlier to MOP678.1 billion. Loans
Domestic loans to the private sector increased 2.1% from a month ago to MOP254.8 billion. Among which, MOP79.4 billion was MOP-denominated and MOP152.1 billion was denominated in HKD, representing 31.2% and 59.7% of the total respectively. On the other hand, external loans increased 5.3% to MOP278.8 billion; of which, loans denominated in MOP and HKD accounted for 1.6% (MOP4.4 billion) and 22.4% (MOP62.4 billion) respectively.
Loan-to-deposit ratios
The loan-to-deposit ratio for the resident sector at end-November grew 0.8 percentage points from the previous month to 50.5%. The ratio for both the resident and non-resident sectors also increased 2.1 percentage points to 78.7%. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)