AMCM Monetary and financial statistics – May 2024
According to statistics released yesterday (3 July) by the Monetary Authority of Macao, both resident deposits and loans increased from a month earlier in May.
Money Supply
Currency in circulation and demand deposits dropped 0.9% and 4.0% respectively. M1 thus decreased 3.1% from one month earlier. On the other hand, quasi-monetary liabilities grew 1.8%. The sum of these two items, i.e., M2, increased 1.4% to MOP 756.1 billion. On an annual basis, M1 fell 10.1% whereas M2 rose 6.0%. The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB), and United States dollar (USD) in M2 were 33.1%, 45.2%, 6.9%, and 13.4% respectively.
Deposits
Resident deposits grew 1.4% from the preceding month to MOP 735.1 billion while non-resident deposits increased 0.9% to MOP 330.3 billion. Meanwhile, public sector deposits with the banking sector rose 0.2% to MOP 201.3 billion. As a result, total deposits in the banking sector increased 1.1% from a month earlier to MOP 1,266.7 billion. The shares of MOP, HKD, RMB, and USD in total deposits were 19.5%, 44.4%, 8.3%, and 26.0% respectively.
Loans
Domestic loans to the private sector rose 0.5% from a month ago to MOP 535.0 billion. Meanwhile, external loans grew 3.8% to MOP 569.6 billion. As a result, total loans to the private sector went up by 2.2% from a month earlier to MOP 1,104.6 billion. The shares of MOP, HKD, RMB, and USD in total loans were 20.3%, 43.5%, 14.2%, and 18.9% respectively.
Operating Ratios
At end-May, the loan-to-deposit ratio for the resident sector decreased from 57.5% at end-April to 57.1%. On the other hand, the ratio for both the resident and non-resident sectors increased from 86.2% to 87.2%. The one-month and three-month current assets to liabilities ratios stood at 68.4% and 59.8% respectively. Concurrently, the non-performing loan ratio increased from 4.3% at end-April to 4.4%.
Detailed Monetary and Financial Statistics are available in the latest issue of Monthly Bulletin of Monetary Statistics.
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