Macao increases private sector loans in April

Macao's loans to local private sector  increased 1.3 percent month-to-month in April to US$21.56 billion.

According to the figures released by the Monetary Authority of Macao, around US$5.78 billion of the domestic loans was pataca-denominated while US$13.77 billion dollars was denominated in HKD, representing 26.8 percent and 63.9 percent of the total respectively, the figures indicated.

As resident deposits grew faster than domestic loans to the private sector, the loan-to-deposit ratio for the resident sector at the end of April dropped by 0.5 percentage points month-to- month to 50.4 percent.

The ratio for both the resident and non-resident sectors stood at 75.7 percent in the period, up by 1.1 percentage points from the previous month.

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