Macau sees rise in personal housing loans

Domestic loans to the private sector grew 3.3 percent in June from the previous month to MOP112.0 billion, official data shows. Personal housing loans increased quarter-to-quarter at a rate of 11.4 percent, while loans to trade (wholesale and retail) and manufacturing industries loans rose 16.5 percent and 10.8 percent, respectively. Loans to gaming and restaurants, hotels and similar dropped 12.5 percent and 12.4 percent respectively. External loans increased 2.2 percent in June, to MOP111.7 billion. Total deposits with the banking sector grew 1.7 percent in June from the previous month to MOP303.0 billion. In June, the loan-to-deposit ratio stood at 73.8 percent, up 0.7 percentage points from the previous month.