Macao's resident deposits edged down by 0.6 percent in February 2009 over the previous month to 188 billion patacas (23.8 billion U.S. dollars), according to the figures released on Wednesday by the Monetary Authority of the Macao Special Administrative Region (SAR).
Of the resident deposits, pataca deposits, HK dollar deposits and other foreign currency deposits fell in February at respective rates of 0.6 percent, 0.1 percent and 2.1 percent compared with the previous month, the figures showed. Non-resident deposits and public sector deposits with the banking sector rose 0.4 percent and 2.3 percent month-to-month respectively.
The SAR's total deposits in the banking sector slid 0.2 percent from the previous month to 273.6 billion patacas (35 billion dollars), of which the shares of pataca and HK dollar were 22.7 percent and 44.8 percent respectively in February, according to the Monetary Authority.
Meanwhile, domestic loans to the private sector grew 0.9 percent month-to-month to 91.4 billion patacas (11.6 billion dollars) in February, of which, 67 billion patacas (8.5 billion dollars) were denominated in HK dollar, representing 73.2 percent of the total respectively. External loans declined by 1.1 percent to 56.4 billion patacas (7.1 billion dollars), of which loans denominated in HK dollar accounted for 55.9 percent of the total.
Due to the decline in resident deposits and increase in domestic loans to the private sector, the SAR's loan-to-deposit ratio for the resident sector at the end of February increased by 0.6 percentage points month-to-month to 45.4 percent, said the Authority.
Source: Xinhua
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