According to statistics released today by the Monetary Authority of Macao, broad money supply retreated in October with a stable share of patacas. Meanwhile, resident deposits dropped from a month earlier whereas loans to residents posted an increase.
Money supply
Currency in circulation fell 1.2% month-to-month whereas demand deposits rose 6.5%. M1 thus increased 4.8% from one month earlier. On the other hand, quasi-monetary liabilities dropped 1.1%. The sum of these two items, i.e. M2, decreased 0.4% to MOP623.8 billion. On an annual basis, M1 and M2 grew 9.7% and 7.4% respectively. The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 31.4%, 51.0%, 4.3% and 11.3% respectively.
Deposits
Resident deposits fell 0.4% from the preceding month to MOP608.1 billion whereas non-resident deposits rose 2.0% to MOP249.1 billion. Meanwhile, public sector deposits with the banking sector increased 1.4% to MOP226.8 billion. As a result, total deposits in the banking sector grew 0.5% from a month earlier to MOP1,084.0 billion. The shares of MOP, HKD, RMB and USD in total deposits were 19.8%, 51.2%, 3.7% and 21.7% respectively.
Loans
Domestic loans to the private sector grew 0.2% from a month ago to MOP492.3 billion while external loans also rose 1.8% to MOP502.0 billion. As a result, total loans to the private sector increased 1.0% from a month earlier to MOP994.3 billion. The shares of MOP, HKD, RMB and USD in total loans were 16.3%, 50.5%, 3.2% and 26.7% respectively.
Operating ratios
At end-October, the loan-to-deposit ratio for the resident sector rose from 58.9% at end-September to 59.0%. Meanwhile, the ratio for both the resident and non-resident sectors grew from 91.3% to 91.7%. The one-month and three-month current assets to liabilities ratios stayed at 56.9% and 53.1% respectively. Concurrently, the non-performing loan ratio stabilised at 0.2%.