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LENDING & CREDIT | Cesar Tordesillas, Macau
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Macao's private sector lending up 0.1% in Oct.

Domestic loans to local private sector in Macao is up 0.1 percent in October.

 

This equivalent to 65.1 billion patacas or 20.63 billion U.S. dollars month-to-month growth, reprots Xinhua News.

The figures by Monetary Authority of Macao also indicated that 25 percent of the domestic loans was pataca-denominated, while 66.2 percent was denominated in Hong Kong dollar.

Meanwhile, external loans increased by 0.4 percent month-to-month to 148.3 billion patacas or 18.53 billion U.S. dollars, of which loans denominated in pataca and HKD accounted for 0.2 percent and 33 percent, respectively.

As resident deposits grew much faster than domestic loans to the private sector, the loan-to-deposit ratio for the resident sector at the end of October decreased by 2.7 percentage points month-to-month to 53 percent.

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