Macao's resident deposits amount to $38.7b in April

MACAO - Macao's resident deposits in April grew two percent from the previous month at 309.7 billion patacas ($38.7 billion), according to the figures released on Friday by the Monetary Authority of Macao.

Of the resident deposits, HK dollar deposits and pataca deposits increased 2.9 percent and 2.3 percent respectively while other foreign currency deposits dropped 1.2 percent, the figures indicated.

As for non-resident deposits, the value grew by 2.4 percent month-to-month to 127.6 billion patacas in the period, of which public sector deposits with local banking sector increased by 6.1 percent to 32.6 billion patacas, according to the Statistics Census Service Macao SAR Government (DSEC).

As a result, total deposits with the banking sector increased by 2.4 percent from the previous month to 470 billion patacas in March, with the shares of pataca and HK dollar in total deposits standing at 21 percent and 44.6 percent respectively, the DSEC also said.