According to statistics released today by the Monetary Authority of Macao, broad money supply rebounded in April, with the share of patacas remained stable.  Meanwhile, both resident deposits and loans increased from a month earlier.

Money supply

Currency in circulation and demand deposits dropped 1.4% and 0.2% respectively.  M1 thus decreased 0.5% from one month earlier.  On the other hand, quasi-monetary liabilities rose 1.3%.  The sum of these two items, i.e. M2, increased 1.0% to MOP610.4 billion.  On an annual basis, M1 and M2 grew 12.0% and 12.3% respectively.  The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 31.0%, 54.2%, 4.5% and 8.4% respectively.

Deposits

Resident deposits rose 1.1% from the preceding month to MOP594.8 billion whereas non-resident deposits dropped 4.2% to MOP234.9 billion.  On the other hand, public sector deposits with the banking sector increased 0.5% to MOP197.0 billion.  As a result, total deposits in the banking sector dropped 0.3% from a month earlier to MOP1,026.7 billion.  The shares of MOP, HKD, RMB and USD in total deposits were 20.4%, 52.1%, 4.2% and 19.7% respectively.

Loans

Domestic loans to the private sector grew 1.6% from a month ago to MOP471.6 billion.  Among which, MOP140.4 billion was MOP-denominated, MOP308.3 billion was denominated in HKD, MOP0.3 billion was denominated in RMB and MOP19.9 billion was denominated in USD, representing 29.8%, 65.4%, 0.1% and 4.2% of the total respectively.  In the meantime, external loans grew 0.7% to MOP468.6 billion; of which, loans denominated in MOP, HKD, RMB and USD accounted for 1.9% (MOP9.0 billion), 33.0% (MOP154.4 billion), 8.0% (MOP37.5 billion) and 50.4% (MOP236.2 billion) respectively.

Operating ratios

At end-April, the loan-to-deposit ratio for the resident sector rose from 59.2% at end-March to 59.6%.  Meanwhile, the ratio for both the resident and non-resident sectors also grew from 90.3% to 91.6%.  Both the one-month and three-month current assets to liabilities ratios stayed at relatively high levels of 53.8% and 52.9% respectively.  Concurrently, the non-performing loan ratio remained virtually stable at 0.2%.

Annex Table

5 June 2018

Detailed Monetary and Financial Statistics are available in the latest issue of Monthly Bulletin of Monetary Statistics on AMCM Internet Website.

http://www.amcm.gov.mo/en/research-statistics/research-and-publications/monthly-bulletin-of-monetary-statistics