According to statistics released today by the Monetary Authority of Macao, broad money supply continued to grow in June 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 0.8% and 1.9% respectively. M1 thus increased 1.7% from one month earlier.  Meanwhile, quasi-monetary liabilities grew 4.0%.  The sum of these two items, i.e. M2, rose 3.7% to MOP712.2 billion.  On an annual basis, M1 and M2 increased 0.5% and 6.1% respectively. The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 32.5%, 45.4%, 5.3% and 14.9% respectively.

Deposits

Resident deposits went up by 3.8% from the preceding month to MOP693.9 billion while non-resident deposits also rose 10.1% to MOP315.1 billion. On the other hand, public sector deposits with the banking sector decreased 1.5% to MOP261.0 billion.  As a result, total deposits in the banking sector increased 4.1% from a month earlier to MOP1,269.9 billion.  The shares of MOP, HKD, RMB and USD in total deposits were 18.9%, 45.7%, 5.0% and 28.0% respectively.

Loans

Domestic loans to the private sector dropped 0.3% from a month ago to MOP540.3 billion. Analysed by economic sector, “transport, warehouse and communications” and “construction and public works” increased at respective rates of 53.4% and 9.8% compared with a quarter ago, whereas “manufacturing industries” and “restaurants, hotels and similar” dropped 11.8% and 3.2% respectively. On the other hand, external loans grew 2.9% to MOP666.6 billion. As a result, total loans to the private sector went up by 1.5% from a month earlier to MOP1,206.9 billion.  The shares of MOP, HKD, RMB and USD in total loans were 16.3%, 43.4%, 9.9% and 27.9% respectively.

Operating ratios

At end-June, the loan-to-deposit ratio for the resident sector dropped from 58.0% at end-May to 56.6%.   Meanwhile, the ratio for both the resident and non-resident sectors fell from 97.5% to 95.0%.  The one-month and three-month current assets to liabilities ratios stood at 55.6% and 52.7% respectively.  Concurrently, the non-performing loan ratio dropped from 0.36% at end-May to 0.35%.