Macao's loan-to-deposit ratio grows to 94.1 pct in June

          Source: Xinhua| 2018-08-07 11:10:36|Editor: ZX
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          MACAO, Aug. 7 (Xinhua) -- Macao's loan-to-deposit ratio grew from 92.2 percent at the end of May to 94.1 percent at the end of June, the special administrative region's monetary watchdog said on Tuesday.

          Monetary Authority of Macao said in its latest report that the loan-to-deposit ratio for the resident sector rose from 59.7 percent at the end of May to 61.0 percent. Meanwhile, the ratio for both the resident and non-resident sectors also grew to 94.1 percent.

          Domestic loans to the private sector grew 1.0 percent from a month ago to 478.9 billion patacas (about 59.42 billion U.S. dollars). Pataca, Hong Kong dollar, renminbi and U.S. dollar represented 30.5 percent, 65.2 percent, 0.1 percent and 3.7 percent of the total respectively.

          External loans in June grew 4.7 percent to 502.4 billion patacas (about 62.34 billion dollars), of which Pataca, Hong Kong dollar, renminbi and U.S. dollar accounted for 1.9 percent, 36.5 percent, 6.0 percent and 49.8 percent respectively.

          Resident deposits dropped 1.5 percent from the preceding month to 585.6 billion patacas (about 72.66 billion dollars), whereas non-resident deposits rose 7.3 percent to 258.3 billion patacas (about 32.05 billion dollars).

          On the other hand, public sector deposits with the banking sector decreased 0.3 percent to 199.0 billion patacas (about 24.69 billion dollars).

          As a result, total deposits in the banking sector grew 0.8 percent from a month earlier to 1,042.8 billion patacas (about 129.40 billion dollars).

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