According to statistics released today by the Monetary Authority of Macao, broad money supply continued to rebound in May with a stable share of patacas. Meanwhile, resident deposits rose from a month ago whereas loans to residents posted a decline.

Money supply

Currency in circulation and demand deposits rose 0.5% and 10.6% respectively. M1 thus increased 8.3% from one month earlier.  On the other hand, quasi-monetary liabilities decreased 0.3%.  The sum of these two items, i.e. M2, rose 0.7% to MOP686.8 billion.  On an annual basis, M1 dropped 4.1% whereas M2 grew 2.1%.  The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 32.3%, 45.6%, 5.9% and 14.2% respectively.

Deposits

Resident deposits went up by 0.7% from the preceding month to MOP668.6 billion while non-resident deposits also rose 1.7% to MOP286.1 billion. Meanwhile, public sector deposits with the banking sector increased 3.3% to MOP264.9 billion.  As a result, total deposits in the banking sector rose 1.5% from a month earlier to MOP1,219.6 billion.  The shares of MOP, HKD, RMB and USD in total deposits were 18.7%, 46.5%, 5.0% and 27.2% respectively.

Loans

Domestic loans to the private sector dropped 0.2% from a month ago to MOP541.8 billion whereas external loans rose 1.9% to MOP647.6 billion. As a result, total loans to the private sector went up by 1.0% from a month earlier to MOP1,189.4 billion.  The shares of MOP, HKD, RMB and USD in total loans were 16.5%, 44.7%, 8.7% and 27.5% respectively.

Operating ratios

At end-May, the loan-to-deposit ratio for the resident sector decreased from 58.9% at end-April to 58.0%.   Meanwhile, the ratio for both the resident and non-resident sectors fell from 98.0% to 97.5%.  The one-month and three-month current assets to liabilities ratios stood at 59.8% and 56.2% respectively.  Concurrently, the non-performing loan ratio rose from 0.3% at end-April to 0.4%.