Home | Macau | Loans to private sector grows 4.3 percent in July

Loans to private sector grows 4.3 percent in July

10/09/2010 09:33:00
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Savings and time deposits of Macau residents increased around three percent in July, according to the latest statistics released by the Monetary Authority of Macau.
The value of time deposits reached MOP 107.9 billion, up 3.7 percent from June and 8.5 percent more year-on-year. Savings deposits topped MOP 85.2 billion, a 2.9 percent increase from the previous month and 7.9 percent more than in July 2009.
Loans to private companies rose even further, by 4.3 percent, to MOP 116.8 billion.
Some MOP 35.7 billion of these loans were pataca-denominated while MOP 73.7 were denominated in HK dollar, representing 30.5 percent and 63.1 percent of the total respectively, the figures indicated. Meanwhile, external loans decreased by 3.2 percent month-to-month to MOP 108.1 billion in July
Still, loans represent less than half (48.2 percent) total resident deposits.
The currency in circulation also grew by 1.3 percent. The value of the Hong Kong Dollar in circulation is almost twice the Pataca.

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