Monetary and financial statistics – May 2024
According to statistics released today (3 July) by the Monetary Authority of Macao, broad money supply continued to grow in May. Meanwhile, both resident deposits and loans increased from a month earlier.
Money supply
Currency in circulation and demand deposits dropped 0.9% and 4.0% respectively. M1 thus decreased 3.1% from one month earlier. On the other hand, quasi-monetary liabilities grew 1.8%. The sum of these two items, i.e. M2, increased 1.4% to MOP756.1 billion. On an annual basis, M1 fell 10.1% whereas M2 rose 6.0%. The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 33.1%, 45.2%, 6.9% and 13.4% respectively.
Deposits
Resident deposits grew 1.4% from the preceding month to MOP735.1 billion while non-resident deposits increased 0.9% to MOP330.3 billion. Meanwhile, public sector deposits with the banking sector rose 0.2% to MOP201.3 billion. As a result, total deposits in the banking sector increased 1.1% from a month earlier to MOP1,266.7 billion. The shares of MOP, HKD, RMB and USD in total deposits were 19.5%, 44.4%, 8.3% and 26.0% respectively.
Loans
Domestic loans to the private sector rose 0.5% from a month ago to MOP535.0 billion. Meanwhile, external loans grew 3.8% to MOP569.6 billion. As a result, total loans to the private sector went up by 2.2% from a month earlier to MOP1,104.6 billion. The shares of MOP, HKD, RMB and USD in total loans were 20.3%, 43.5%, 14.2% and 18.9% respectively.
Operating ratios
At end-May, the loan-to-deposit ratio for the resident sector decreased from 57.5% at end-April to 57.1%. On the other hand, the ratio for both the resident and non-resident sectors increased from 86.2% to 87.2%. The one-month and three-month current assets to liabilities ratios stood at 68.4% and 59.8% respectively. Concurrently, the non-performing loan ratio increased from 4.3% at end-April to 4.4%.
Detailed Monetary and Financial Statistics are available in the latest issue of Monthly Bulletin of Monetary Statistics.
https://www.amcm.gov.mo/en/research-statistics/research-and-publications?type=financial_statistics_monthly