AMCM: Monetary and financial statistics – January 2026
According to statistics released today (3 March) by the Monetary Authority of Macao, broad money supply continued to grow in January 2026. Meanwhile, both resident deposits and loans* increased from a month earlier.
Money supply
Currency in circulation and demand deposits grew 2.8% and 5.2% respectively, M1 thus increased 4.5% from one month earlier. Meanwhile, quasi-monetary liabilities rose 1.9%. The sum of these two items, i.e. M2, increased 2.1% to MOP859.1 billion. The shares of Macao pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 32.1%, 44.3%, 6.2% and 15.4% respectively.
Deposits
Resident deposits* rose 2.1% from the preceding month to MOP837.0 billion whereas non resident deposits* dropped 2.1% to MOP326.3 billion. Meanwhile, public sector deposits with the banking sector fell 1.0% to MOP236.9 billion. As a result, total deposits in the banking sector increased 0.6% to MOP1,400.2 billion. The shares of MOP, HKD, RMB and USD in total deposits were 19.5%, 44.5%, 7.9% and 26.3% respectively.
Loans
Domestic loans to the private sector* grew 0.2% from a month ago to MOP492.3 billion. Meanwhile, external loans* increased 2.2% to MOP535.2 billion. As a result, total loans of the banking sector rose 1.2% to MOP1,027.5 billion. The shares of MOP, HKD, RMB and USD in total loans were 22.0%, 41.7%, 14.7% and 17.7% respectively.
Operating ratios
At end-January 2026, the overall loan-to-deposit ratio increased from 72.9% at end-December 2025 to 73.4%, whereas the ratio for the resident sector decreased from 46.4% to 45.8%. The one-month and three-month current assets to liabilities ratios stood at 62.8% and 56.8% respectively. Concurrently, the non-performing loan ratio decreased from 4.9% at end December 2025 to 4.8%.
* Resident and non-resident deposits, as well as domestic loans to the private sector and external loans, cover both individuals and enterprises.
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