Macao's loans to private sector up 2.1% in Dec 2009

14:55, February 20, 2010      

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Macao's domestic loans to the private sector reached 100.8 billion patacas ($12.76 billion) in December last year, growing by 2.1 percent month on month, according to the figures released on Friday by the Monetary Authority of Macao special administrative region (SAR).

Of the domestic loans, 26.1 percent was pataca-denominated while 67.3 percent was HKD-denominated, the figures showed.

Meanwhile, the SAR's external loans rose by 4.8 percent month on month to 85.8 billion patacas ($10.86 billion), of which loans denominated in pataca and HKD accounted for 1.0 percent and 47.5 percent respectively of the total, according to the Monetary Authority.

As domestic loans to the private sector rose at a faster pace than resident deposits, the loan-to-deposit ratio for the resident sector at end-December 2009 increased by 0.2 percentage points month on month to 45.1 percent, while the ratio for residents and non-residents reached 60.8 percent, down by 0.7 percentage points.

Source: Xinhua
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