Economy

Macao's resident deposits down 2.4% in February

(Xinhua)
Updated: 2011-04-07 17:04

MACAO - Macao's resident deposits in February decreased by 2.4 percent from the previous month to be equivalent of 244.6 billion patacas ($30.6 billion), according to the figures released by the Monetary Authority of Macao Thursday.

Related readings:  Macao's March gaming revenues exceed $2.5b  Japanese products sale drops in Macao  Macao's inflation hits 4.7% in Feb  Macao's forex reserves reach $24.44b in February

Of the resident deposits, pataca deposits increased by 0.5 percent, while Hong Kong dollar deposits and other foreign deposits decreased at respective month-to-month rates of 1.8 percent and 7.7 percent, the figures indicated.

As for non-resident deposits, the value grew by 9.6 percent month-to-month to 84.9 billion patacas in the period, of which public sector deposits with local banking sector increased by 4.2 percent to 23 billion patacas, according to the Monetary Authority of Macao.

As a result, total deposits with the banking sector increased by 0.6 percent from the previous month to 352.4 billion patacas in February, with the proportion of pataca and HK dollar in total deposits standing at 23.6 percent and 44.4 percent, respectively, the Monetary Authority of Macao said.