Total deposits with authorised institutions grew 5.6% in May, as an 11.5% rise in Hong Kong dollar deposits more than offset a decline of 1.2% in foreign currency deposits, the Hong Kong Monetary Authority announced last week.
Within foreign currency deposits, renminbi deposits rose 0.7% to 22.9 billion yuan in May, and total loans and advances expanded by 8.1% in May, with loans for use in and outside Hong Kong rising by 9.1% and 0.5%.
Hong Kong dollar and foreign currency loans both registered a rise. As Hong Kong dollar deposits grew proportionally more than Hong Kong dollar loans, the loan-to-deposit ratio fell further to 78.3% in May.
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