Macau Monetary Authority: Residents' deposits fell 1.1% month-on-month to MOP 836.3 billion in September

The Zhitong Finance App learned that on November 3, statistics from the Macau Monetary Authority showed that the broad money supply declined in September 2026. At the same time, residents' deposits declined on a month-on-month basis, while residents' loans recorded an increase. Residents' deposits decreased by 1.1% month-on-month to MOP 836.3 billion, while non-residents' deposits decreased by 5.9% to MOP 355 billion. Meanwhile, public sector deposits in the banking system increased by 2.3% to MOP 280.3 billion. Combined, total deposits in the banking system fell 1.7% to MOP 1,471.6 billion; of these, MOP, HKD, RMB and USD accounted for 18.9%, 45.3%, 10.3% and 23.8%, respectively.

money supply

Currency in circulation rose 1.0%, while demand deposits fell 7.8%. As a result, M1 decreased by 5.2% month-on-month. At the same time, quasi-monetary liabilities declined by 0.6%, so the broad money supply M2, which includes M1 and quasi-monetary liabilities, decreased by 1.0% to MOP 859.3 billion. According to currency analysis, the shares of MOP, HKD, RMB and USD in M2 were 32.4%, 43.0%, 8.9% and 14.3%, respectively.

Loans

Local private sector loans increased by 0.4% month-on-month to MOP 474.2 billion. According to economic use analysis, at the end of the third quarter of 2026, bank loans to the “Catering and Hospitality Industry” and “Construction Industry” increased by 6.5% and 2.2%, respectively, while loans to the “Water, Electricity and Gas Production and Supply Industry” and the “Transportation, Storage and Communications Industry” recorded declines of 4.9% and 3.2% respectively. Furthermore, external sector loans declined by 0.1% month-on-month to MOP 565.2 billion. Combined, total loans in the banking system increased by 0.1% to MOP 1,039.4 billion; of these, MOP, HKD, RMB and USD accounted for 22.1%, 40.4%, 16.7% and 16.8%, respectively.

Operating ratio

By the end of September 2026, the bank's overall loan-to-deposit ratio rose to 70.6% from 69.3% at the end of August, and the loan-to-deposit ratio for local residents increased from 42.2% to 42.5%. The current asset-to-debt ratio calculated over a period of one month and three months was at the level of 56.6% and 47.6%, respectively. Furthermore, the ratio of non-performing loans remained flat at 4.4% on a monthly basis.