According to statistics released today by the Monetary Authority of Macao, on a monthly basis, broad money supply continued to grow in April. External loans contracted whereas deposits continued to grow. The total loan-to-deposit ratio therefore witnessed a decline. Money supply
Currency in circulation and demand deposits surged 0.2% and 7.8% respectively. M1 thus increased 6.6% when compared with the previous month. Meanwhile, quasi-monetary liabilities rose by 2.9%. M2 therefore increased by 3.4% to MOP267.8 billion. On an annual basis, M1 and M2 rose 13.4% and 23.5% respectively. The share of Pataca (MOP) in M2 stood at 26.9%, down 1.0 percentage point over a month ago and 0.9 percentage points from a year earlier. The share of Hong Kong Dollar (HKD) in M2 was 54.1%, up 0.9 percentage points month-to-month but down 0.6 percentage points year-on-year. Deposits
Resident deposits grew 3.5% from the previous month to MOP261.5 billion. Of which, MOP deposits dropped 0.2%, while HKD deposits and other foreign currency deposits increased at respective rates of 5.2% and 3.6%. Concurrently, non-resident deposits grew 3.0% to MOP88.9 billion and public sector deposits with the banking sector increased 1.7% to MOP22.0 billion. As a result, total deposits with the banking sector grew 3.3% from a month earlier to MOP372.4 billion. The shares of MOP and HKD in total deposits were 22.4% and 45.7% respectively. Loans
Domestic loans to the private sector increased 4.3% on a monthly basis to MOP145.9 billion. Among which, MOP38.8 billion was MOP-denominated and MOP94.8 billion was denominated in HKD, representing 26.6% and 65.0% of the total respectively. On the other hand, external loans contracted 1.2% to MOP146.3 billion; of which, loans denominated in MOP and HKD accounted for 0.3% (MOP0.4 billion) and 34.7% (MOP50.7 billion) respectively. Loan-to-deposit ratios
As domestic loans to the private sector grew faster than resident deposits, the loan-to-deposit ratio for the resident sector at end-April 2011 rebounded 0.5 percentage points month-to-month to 51.4%. The ratio for both the resident and non-resident sectors was 78.4%, down 1.4 percentage points from the previous month.
