LENDING & CREDIT | Cesar Tordesillas, Macau

Macao's private sector lending down 0.3 % in November

Macao's loans to local private sector decreased by 0.3 percent month-to-month in November to US%20.57 billion.


The figures released by Monetary Authority of Macao also indicated that 25.8 percent of the domestic loans was pataca-denominated, while 66.7 percent was denominated in Hong Kong dollar.

Meanwhile, external loans increased by 2.4 percent month-to-month to 151.9 billion patacas 18.98 billion U.S. dollars, of which loans denominated in pataca and HKD accounted for 0.7 percent and 34.2 percent, respectively.

Due to the decline in domestic loans to the private sector and increase in resident deposits, the loan-to-deposit ratio for the resident sector at the end of November 2011 decreased by 1.8 percentage points month- to-month to 51.1 percent.

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