Housing loans up

Domestic personal housing loans increased 8.2 percent quarter-on-quarter, to MOP51.3 billion (US$6.4 billion) the monetary authority announced. Overall, domestic loans to the private sector in March increased 1.8 percent on a monthly basis to MOP139.8 billion. Loans to wholesale and retail trade and manufacturing industries increased quarter-to-quarter at respective rates of 36.5 percent (MOP10.7 billion) and 9.4 percent (MOP6.4 billion) whereas those to gaming related industries dropped 6.3 percent (MOP4.2 billion). Meanwhile, total deposits with the banking sector grew 2.3 percent from a month earlier to MOP360.7 billion.