Macao’s banking sector saw mixed trends in July, with resident deposits rising but loans to local borrowers contracting, according to data released yesterday by the Monetary Authority of Macao (known by its Portuguese initials AMCM).
Resident deposits were up 1.7 percent from June to 817.3 billion patacas (US$101.6 billion), even as non-resident deposits dropped 2.6 percent to 364.1 billion patacas (US$45.3 billion) and public sector deposits fell 4.4 percent to 210.0 billion patacas (US$26.1 billion).
The combined effect was a 0.4 percent month-on-month decline in total deposits, which stood at 1.39 trillion patacas (US$172.8 billion) by the end of the month.
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On the credit side, domestic loans to the private sector slipped 1 percent month-on-month to 507.4 billion patacas (US$63.1 billion). In contrast, external loans rose sharply by 7.8 percent to 563.2 billion patacas (US$70.0 billion), lifting total loans to 1.07 trillion patacas (US$133 billion).
July saw shares of patacas, Hong Kong dollars, yuan and US dollars in total loans standing at 20.6 percent, 42.3 percent, 14.4 percent and 19.6 percent respectively.
The loan-to-deposit ratio for the resident sector eased to 49.4 percent from 50.1 percent in June, while the overall ratio, including non-residents, climbed to 76.9 percent – up from 65 percent. The non-performing loan ratio also improved slightly, edging down to 5.1 percent.
Meanwhile, broad money supply expanded 1.7 percent to 838.6 billion patacas (US$104.3 billion). The shares of patacas, Hong Kong dollars, yuan and US dollars were 31.9 percent, 45.8 percent, 6.5 percent and 13.7 percent respectively.
