As of March 31, 2023

(MNT million)

Balance sheet		31/12/2022	31/03/2023
1	ASSET
1.1	Cash and cash equivalents	483,493	313,498
1.2	Due from banks and financial institutions	69,136	75,269
1.3	Financial investments	12,279	89,237
1.4	Loans and advances to customers (net)	556,701	567,373
1.4.1	Performing loans	497,794	508,338
1.4.3	Non-performing loans	77,125	76,442
1.4.4	Deferred loan payment	(140)	(134)
1.4.5	Accrued interest receivable	11,399	14,405
1.4.6	Loan Loss Provision	(29,477)	(31,678)
1.5	Derivative financial assets	3,813	4,412
1.6	Other financial assets	694	536
1.7	Other non-financial assets	3,274	19,452
1.8	Fixed assets (net)	22,125	24,351
1.9	Intangible assets	10,486	10,401
1.10	Total assets	1,162,001	1,104,529
2	Liabilities
2.1	Current account	120,912	90,942
2.2	Savings account	400,133	439,542
2.3	Due to banks and financial institutions	404,291	339,762
2.4	Other funds	20,560	20,703
2.5	Derivative financial liabilities	5,840	5,743
2.6	Other liabilities	24,042	18,021
2.7	Total liabilities	975,778	914,713
3	Equity
3.1	Share capital	146,474	146,474
3.2	Share premium	15,647	15,647
3.3	Treasury shares	(7,032)	(7,032)
3.4	Revaluation surplus	–	–
3.5	Retained earnings /loss/	30,030	34,670
3.6	Other reserves	1,104	57
4	Total equity	186,223	189,816
5	Total liabilities and equity	1,162,001	1,104,529

(MNT million)

Income statement		31/12/2022	31/03/2023
1	Interest income	84,938	28,666
1.1	From Bank of Mongolia	415	1,450
1.2	Other banks & financial institutions	2,582	714
1.3	From securities	4,372	1,801
1.4	From loans	72,480	22,442
1.5	Other interest income	5,089	2,259
2	Interest expense	45,956	17,630
2.1	Interest expense on current account	–	436
2.2	Interest expense on savings account	37,816	13,279
2.3	Interest expense on borrowed funds	2,378	536
2.4	Interest expense on securities	1,711	490
2.5	Other interest expense	4,051	2,889
3	Net interest income (1-2)	38,982	11,036
4	Provision expenses (provision reverse income)	9,190	2,168
4.1	Deposits at other banks and financial institutions	768	–
4.2	Securities	69	–
4.3	Loans	8,353	2,168
5	Net interest income after provision [(3)-(4)]	29,792	8,868
6	Other income	31,544	7,141
6.1	Non-interest income	31,100	7,081
6.1.1	Trading income	19,213	2,262
6.1.2	Exchange and revaluation adjustment expense	10,497	4,365
6.1.3	Fees and commission income	1,390	409
6.1.4	Other non-interest income	–	45
6.2	Other income	444	60
7	Other expense	47,704	12,273
7.1	Non-interest expense	47,157	12,242
7.1.1	Other provision expense	58	158
7.1.2	Trade expense	15,191	2,407
7.1.3	Exchange and revaluation adjustment expense	9,376	3,082
7.1.4	Fees and commission expense	1,150	472
7.1.5	Other operating expense	21,382	6,123
7.2	Other expense	547	31
8	Profit Before Tax (5+6-7)	13,632	3,736
9	Income tax expense	2,944	200
10	Profit After Taxes (8-9)	10,688	3,536
11	Other comprehensive income	(76)	–
12	Total comprehensive income for the year (10+11)	10,612	3,536

(MNT million)

Off balance sheet items	31/12/2022	31/03/2023
Contingencies and commitments (net)	11,078	9,149

Prudential ratios by the Bank of Mongolia	Limit	31/03/2023
Tier 1 ratio	≥ 9%	26.7%
Capital adequacy ratio	≥ 12%	26.7%
Liquidity	≥ 25%	37.6%
Foreign currency open position ratio (by each currency)	< ±15%	4.8%
Foreign currency open position ratio (total)	< ±30%	5.2%

(MNT million)

Related parties		Category of assets	Outstanding balance	% in total Equity
1	Loans and other equivalent assets provided to a related party (less than 5% of capital)			3.3%
1.1	Shareholders of the Bank	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	6,315	3.3%
2	Total Loans and other equivalent assets provided to related parties (less than 20% of capital)			14.3%
2.1	Shareholders of the Bank	Loan	100	0.1%
2.2	Key management personnel	Loan	1,344	0.7%
2.3	Other related parties	Loan	25,636	13.5%