Macao's resident deposits up 5.1 pct in Oct.


Macao's resident deposits in October increased by 5.1 percent from the previous month to an equivalent of 286.2 billion patacas (35.77 billion U.S. dollars), according to figures released on Friday by the Monetary Authority of Macao.

Of the resident deposits, pataca deposits, HKD deposits and other foreign currency deposits of the resident deposits grew at respective month-to-month rates of 3.0 percent, 3.6 percent and 11 percent, the figures indicated.

As for non-resident deposits, the value grew by 1.7 percent from the previous month to 96.3 billion patacas (12.03 billion dollars), of which public sector deposits with local banking sector increased by 5.7 percent to 25.6 billion patacas (3.2 billion dollars), according to the Monetary Authority.

As a result, total deposits with the banking sector increased by 4.3 percent from the previous month to 408.1 billion patacas ( 51 billion dollars) in October, with the shares of pataca and HKD in total deposits standing at 21 percent and 43.6 percent respectively.

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