AMCM:Monetary and financial statistics – March 2026

Money supply 

Currency in circulation and demand deposits dropped 2.9% and 3.8% respectively, M1 thus decreased 3.5% from one month earlier.  Meanwhile, quasi-monetary liabilities fell 0.2%.  The sum of these two items, i.e. M2, retreated 0.5% to MOP859.2 billion.  The shares of Macao pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 32.0%, 44.8%, 7.0% and 14.6% respectively.

Loans 

Domestic loans to the private sector* fell 1.1% from a month ago to MOP483.7 billion.   Analysed by economic sector, “restaurants, hotels and similar activities” and “construction” grew at respective rates of 5.6% and 1.3% when compared with a quarter ago, whereas “wholesale and retail” and “transport, storage and communications” fell 6.8% and 3.4% respectively.  Concurrently, external loans* dropped 2.7% from the preceding month to MOP542.6 billion.  As a result, total loans of the banking sector declined 2.0% to MOP1,026.3 billion.  The shares of MOP, HKD, RMB and USD in total loans were 22.2%, 40.8%, 16.0% and 17.1% respectively.

Operating ratios 

At end-March 2026, the overall loan-to-deposit ratio decreased from 73.9% at end-February to 71.2%, while the ratio for the resident sector decreased from 45.0% to 44.3%. The one-month and three-month current assets to liabilities ratios stood at 59.0% and 49.2% respectively.   Concurrently, the non-performing loan ratio stabilised at 4.7% from a month ago. * Resident and non-resident deposits, as well as domestic loans to the private sector and external loans, cover both individuals and enterprises.