Macao's resident deposits up 5.3 pct in August

Macao's resident deposits in August increased by 5.3 percent from the previous month to an equivalent of 341 billion patacas (42.69 billion U.S. dollars), according to figures released on Friday by Monetary Authority of Macao.

Of the resident deposits, pataca deposits, Hong Kong dollar deposits and other foreign deposits increased at respective month- to-month rates of 0.7 percent, 6.3 percent and 8.2 percent, the figures indicated.

As for non-resident deposits, the value dropped 8.8 percent from the previous month to 115.9 billion patacas (14.51 billion dollars), of which public sector deposits with local banking sector increased by 1.5 percent to 41 billion patacas (5.13 billion dollars), according to the Monetary Authority.

As a result, total deposits with the banking sector increased by 1.4 percent from the previous month to 497.9 billion patacas (62.34 billion dollars) in August, with the shares of pataca and Hong Kong dollar in total deposits standing at 21.1 percent and 47.5 percent respectively.