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Macao's lending to private sector grows 0.3 pct in Feb.

04-10-2012 15:20 BJT

MACAO, April 10 (Xinhua) -- Macao's domestic loans to local private sector in February grew slightly by 0.3 percent month-to- month to 166.9 billion patacas (20.9 billion U.S. dollars), according to the figures released on Tuesday by the Monetary Authority of Macao.

Some 44.2 billion patacas (5.5 billion U.S. dollars) of the domestic loans was pataca-denominated while 109.6 billion patacas (13.7 billion U.S. dollars) was denominated in HKD, representing 26.5 percent and 65.7 percent of the total respectively, the figures indicated.

Meanwhile, external loans increased by 7.2 percent month-to- month to 168.2 billion patacas (21.0 billion U.S. dollars), of which loans denominated in pataca and HKD accounted for 0.7 percent and 31.1 percent respectively.

As resident deposits increased at a faster pace than domestic loans to the private sector, the loan-to-deposit ratio for the resident sector at the end of February dropped by 0.2 percentage points month-to-month to 50.0 percent.

The ratio for both the resident and non-resident sectors stood at 74.8 percent in the period, up by 1.3 percentage point from the previous month.

 

Editor:Wang Lingfei |Source: Xinhua

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