Macao's lending to private sector grows 0.1 pct in Oct.

   Date:2011/12/09

Macao's domestic loans to local private sector in October increased slightly by 0.1 percent month-to-month to an equivalent of 165.1 billion patacas (20.63 billion U.S. dollars), according to the figures released on Friday by Monetary Authority of Macao.

The figures also indicated that 25 percent of the domestic loans was pataca-denominated, while 66.2 percent was denominated in Hong Kong dollar.

Meanwhile, external loans increased by 0.4 percent month-to-month to 148.3 billion patacas (18.53 billion U.S. dollars), of which loans denominated in pataca and HKD accounted for 0.2 percent and 33 percent, respectively.

As resident deposits grew much faster than domestic loans to the private sector, the loan-to-deposit ratio for the resident sector at the end of October decreased by 2.7 percentage points month-to-month to 53 percent.

Source:cntv.cn

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