According to statistics released today by the Monetary Authority of Macao, broad money supply rebounded in November with a stable share of patacas. Meanwhile, both resident deposits and loans increased from a month earlier.
Money supply
Currency in circulation and demand deposits rose 1.5% and 0.5% respectively. M1 thus increased 0.7% from one month earlier. Meanwhile, quasi-monetary liabilities grew 1.6%. The sum of these two items, i.e. M2, rose 1.5% to MOP633.0 billion. On an annual basis, M1 and M2 increased 10.5% and 7.6% respectively. The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 30.8%, 51.8%, 4.4% and 11.1% respectively.
Deposits
Resident deposits grew 1.5% from the preceding month to MOP617.0 billion whereas non-resident deposits dropped 7.5% to MOP230.3 billion. On the other hand, public sector deposits with the banking sector increased 1.5% to MOP230.2 billion. As a result, total deposits in the banking sector decreased 0.6% from a month earlier to MOP1,077.5 billion. The shares of MOP, HKD, RMB and USD in total deposits were 19.8%, 51.7%, 3.9% and 21.4% respectively.
Loans
Domestic loans to the private sector grew 0.8% from a month ago to MOP496.0 billion whereas external loans went down by 0.1% to MOP501.5 billion. As a result, total loans to the private sector increased 0.3% from a month earlier to MOP997.5 billion. The shares of MOP, HKD, RMB and USD in total loans were 16.4%, 50.6%, 3.3% and 26.5% respectively.
Operating ratios
At end-November, the loan-to-deposit ratio for the resident sector dropped from 59.0% at end-October to 58.5%. On the other hand, the ratio for both the resident and non-resident sectors grew from 91.7% to 92.6%. The one-month and three-month current assets to liabilities ratios stood at 50.6% and 51.4% respectively. Concurrently, the non-performing loan ratio stabilised at 0.2%.