Macao's resident deposits up 0.5% in April

Macao's resident deposits for April 2010 went up by 0.5 percent over the previous month to 211.8 billion patacas (26.5 billion U.S. dollars), the Monetary Authority of Macao said Thursday.

Of the total resident deposits, pataca deposits declined by 0.8 percent while Hong Kong dollar deposits and other foreign currency deposits grew at rates of 0.5 percent and 2.2 percent, the agency said.

Meanwhile, non-resident deposits increased by 0.5 percent month- to-month to 73.3 billion patacas (9.2 billion dollars) while public sector deposits dropped by two percent to 15.7 billion patacas (1.96 billion dollar), according to the agency.

The total deposits for April with local banking sector rose by 0.3 percent from the previous month to 300.8 billion patacas (37.6 billion dollars), and the shares of pataca and HK dollar in total deposits were 22.3 percent and 46.4 percent respectively.

Source:Xinhua