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Circulation of pataca increases moderately

Money supply maintained an upward trend while loans and deposits also increased in July

According to the monetary institution, the currency in circulation grew 1.6 per cent month-to-month in July while demand deposits fell 1.8 per cent when compared to June. Money supply (M1) decreased 1.2 per cent from a month earlier, while quasi-monetary liabilities rose 2.6 per cent.
The sum of the two items, known as M2, increased 2.1 per cent to MOP568.3 billion, while on an annual basis, M1 and M2 grew 11.7 per cent and 15.7 per cent, respectively, the Macao Monetary Authority (AMCM) explains.
The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 31.6 per cent, 53.7 per cent, 3.9 per cent and 8.9 per cent, respectively, the data indicated.

Savings & loans
The AMCM data also showed that resident deposits rose 2.1 per cent from the previous month, to MOP554.0 billion, while non-resident deposits grew by 5.6 per cent to MOP271.8 billion during the month.
Deposits with the banking sector from the public sector dropped 1.4 per cent, reaching MOP187.3 billion. Total deposits with the banking sector rose 2.4 per cent from a month earlier to MOP1,013.2 billion.
The shares of MOP, HKD, RMB and USD in total deposits were 20.4 per cent, 50.9 per cent, 3.9 per cent and 22.0 per cent, respectively, the data showed.
AMCM also said that domestic loans to the private sector increased 0.4 per cent from a month prior, reaching MOP434.8 billion. Of these loans, MOP130.4 billion was MOP-denominated, MOP280.8 billion was denominated in HKD, MOP1.4 billion was denominated in RMB and MOP19.7 billion was denominated in USD, representing 30.0 per cent, 64.6 per cent, 0.3 per cent and 4.5 per cent of the total, respectively.
External loans dropped 0.9 per cent to MOP424.2 billion; of which loans denominated in MOP, HKD, RMB and USD accounted for 1.8 per cent (MOP7.7 billion), 29.5 per cent (MOP125.2 billion), 10.5 per cent (MOP44.7 billion) and 50.4 per cent (MOP213.6 billion), respectively, the Authority announced.

The Authority also noted that the loan-to-deposit ratio for the resident sector dropped from 59.1 per cent at end-June to 58.6 per cent. The ratio for both resident and non-resident sectors also fell from 87.0 per cent to 84.8 per cent. Both the one-month and three-month current assets to liabilities ratios stayed at relatively high levels of 55.3 per cent and 57.0 per cent, respectively.
The non-performing loan ratio remained at 0.3 per cent.