Today, statistics released by the Macau Monetary Authority show that the broad money supply continued to rise in June 2025. At the same time, residents' deposits and loans increased month-on-month.
The Zhitong Finance App learned that today, statistics released by the Macau Monetary Authority show that the broad money supply continued to rise in June 2025. At the same time, residents' deposits and loans increased month-on-month. MMF in circulation fell 0.2% month-on-month, while demand deposits rose 4.5%. As a result, M1 increased by 3.2%. Residents' deposits increased 1.1% month-on-month to MOP 803.8 billion, while non-residents' deposits increased 6.5% to MOP 373.9 billion. Local private sector loans increased 2.8% month-on-month to MOP 512.6 billion.
MMF supply
MMF in circulation fell 0.2% month-on-month, while demand deposits rose 4.5%. As a result, M1 increased by 3.2%. At the same time, quasi-monetary liabilities increased by 0.9%, so the broad MMF supply M2, which includes M1 and quasi-monetary liabilities, increased by 1.1% to MOP 824.8 billion. According to currency analysis, the shares of MOP, HKD, RMB and USD in M2 were 32.1%, 46.4%, 6.7% and 12.8%, respectively.
deposits
Residents' deposits increased 1.1% month-on-month to MOP 803.8 billion, while non-residents' deposits increased 6.5% to MOP 373.9 billion. Meanwhile, public sector deposits in the Bank system rose 1.6% to MOP 219.7 billion. Combined, total deposits in the Bank system increased by 2.6% to MOP 1397.3 billion; of these, MOP, HKD, RMB and USD accounted for 18.8%, 46.7%, 8.3% and 24.4%, respectively.
loans
Local private sector loans increased 2.8% month-on-month to MOP 512.6 billion. According to economic use analysis, bank loans to “catering and hospitality” and “water, electricity and gas production and supply” increased by 34.3% and 18.6%, respectively, at the end of the second quarter of 2025, while loans to “wholesale and retail” and “construction” recorded declines of 11.7% and 1.2% respectively. Furthermore, external sector loans increased 5.5% month-on-month to MOP 522.6 billion. Combined, total loans in the Bank system increased by 4.2% to MOP 1035.2 billion; of these, MOP, HKD, RMB and USD accounted for 21.4%, 44.1%, 11.2% and 20.0%, respectively.
Operating ratio
By the end of June 2025, the bank's loan-to-deposit ratio for local residents increased from 49.3% at the end of May to 50.1%, including the overall loan to deposit ratio for non-residents, from 73.0% to 74.1%. The current asset-to-debt ratio calculated over a period of one month and three months was at the level of 67.3% and 56.6%, respectively. Furthermore, the non-performing loan ratio fell back to 5.4%.
