Loans to private sector in Macau grow slightly

Source: Xinhua | June 30, 2009, Tuesday |

Print Edition

LOANS made by Macau banks to its private sector in April grew 0.2 percent over the previous month to 92 billion patacas (US$11.6 billion), according to the figures released yesterday by its monetary authority.

Among the domestic loans, 19.2 billion patacas were pataca-denominated and 66.8 billion patacas were denominated in Hong Kong dollars, representing 20.8 percent and 72.6 percent of the total respectively, the data showed.

External loans fell 2 percent to 56.5 billion patacas, of which loans denominated in pataca and Hong Kong dollars accounted for 1.9 percent and 57.6 percent respectively of the total.

The loan-to-deposit ratio for local residents at the end of April was virtually unchanged from a month ago at 44.7 percent.

Finance

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Loans to private sector in Macau grow slightly

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