Macao's resident deposits up 3.5% in April

08:27, June 10, 2011      

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Macao's resident deposits in April increased by 3.5 percent from the previous month to 261.5 billion patacas (32.68 billion U.S. dollars), according to the figures released on Thursday by the city's Monetary Authority of Macao ( DSEC).

Of the resident deposits, pataca deposits dropped by 0.2 percent, while HKD deposits and other foreign deposits increased at respective month-to-month rates of 5.2 percent and 3.6 percent, the figures indicated.

As for non-resident deposits, the value grew by 3 percent month-to-month to 88.9 billion patacas (11.11 billion dollars) in the period, of which public sector deposits with local banking sector increased by 1.7 percent to 22 billion patacas (2.75 billion dollars), according to the DSEC.

As a result, total deposits with the banking sector increased by 3.3 percent from the previous month to 372.4 billion patacas ( 46.55 billion dollars) in April, with the shares of pataca and HKD in total deposits standing at 22.4 percent and 45.7 percent respectively.

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