DM Monitoring
MACAO: The total international liabilities in Macao’s banking sector increased by 13.6 percent year-on-year to 1,827.7 billion patacas (about 229.0 billion U.S. dollars) at the end of September, the special administrative region (SAR)’s monetary watchdog said here on Wednesday.
The sum also marked a 0.9 percent increase from the end of June.
According to the statistics released by the Monetary Authority of Macao, the external liabilities and local liabilities in foreign currencies expanded year-on-year by 17.0 percent to 980.7 billion patacas (about 122.8 billion dollars) and by 9.9 percent to 846.9 billion patacas (about 106.1 billion dollars) respectively.
Foreign currency deposits held by Macao residents and the SAR government in local banks continued to form a major component of international liabilities, which grew by 2.4 percent year-on-year to 704.6 billion patacas (about 88.2 billion dollars) at the end of September.
Hong Kong SAR and the Chinese mainland accounted for 44.7 percent and 27.4 percent of the total external liabilities, respectively, while Britain took up 4.9 percent and France, 3.1 percent.
Portuguese-speaking countries and countries along the Belt and Road represented 0.8 percent and 8.2 percent, respectively.
