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

Money supply

Currency in circulation and demand deposits rose 3.3% and 0.3% respectively. M1 thus increased 0.9% from one month earlier. Meanwhile, quasi-monetary liabilities increased 0.5%.  The sum of these two items, i.e. M2, rebounded 0.5% to MOP695.9 billion.  On an annual basis, M1 and M2 decreased 9.5% and 0.5% respectively.  The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 34.6%, 49.0%, 5.1% and 9.6% respectively.

Deposits

Resident deposits increased 0.4% from the preceding month to MOP676.7 billion while non-resident deposits also rose 11.8% to MOP360.3 billion.  On the other hand, public sector deposits with the banking sector dropped 0.3% to MOP263.2 billion.  As a result, total deposits in the banking sector grew 3.2% from a month earlier to MOP1,300.2 billion.  The shares of MOP, HKD, RMB and USD in total deposits were 18.7%, 48.8%, 5.8% and 22.8% respectively.

Loans

Domestic loans to the private sector grew 2.5% from a month ago to MOP547.4 billion while external loans also rose 11.9% to MOP715.2 billion. As a result, total loans to the private sector went up by 7.6% from a month earlier to MOP1,262.6 billion.  The shares of MOP, HKD, RMB and USD in total loans were 15.9%, 40.1%, 14.5% and 26.7% respectively.

Operating ratios

At end-January,the loan-to-deposit ratio for the resident sector rose from 57.0% at end-December 2020 to 58.2%.  Meanwhile, the ratio for both the resident and non-resident sectors increasedfrom 93.1% to 97.1%.  The one-month and three-month current assets to liabilities ratios stood at 54.2% and 53.3% respectively.  Concurrently, the non-performing loan ratio decreased from 0.37% at end-December 2020 to 0.36%.