Macau | Local deposits up 2 pct m-on-m in July

Macau (MNA) – The city’s deposits made by local residents totalled MOP600.9 billion for the month of July, registering a growth of 2 per cent compared to June, Macao Monetary Authority (AMCM) revealed Wednesday.

Deposits by non-residents totalled MOP240.6 billion, down 5.5 per cent month-on-month.

The share of pataca s (MOP), Hong Kong dollar s (HKD), Renminbi (RMB) and United States dollar s (USD) in total deposits were 20.2 per cent, 51.2 per cent, 4.5 per cent and 20.9 per cent, respectively.

The city’s money supply for the month was MOP616.4 billion, up 1.9 per cent month-on-month and 8.5 per cent year-on-year.

AMCM data indicated that M1 had increased 1.6 per cent month-on-month and 16.4 per cent when compared to the same month last year.

Currency-wise, the MOP, HKD, RMB and USD accounted for 31.9 per cent, 52.2 per cent, 4.5 per cent and 9.5 per cent, respectively, in M2.

Meanwhile, the city’s loans for local residents grew 0.6 per cent month-on-month to MOP481.5 billion , while loans to foreign borrowers grew 0.6 per cent to MOP506.1 billion.

Loans in HKD acounted for 50.4 per cent , while MOP was 16 per cent), RMB 3.2 per cent and USD 27.2 per cent.

At end-July, the loan-to-deposit ratio for the resident sector dropped from 60.7 per cent from end-June to 59 per cent.