As of September 30, 2023

(MNT million)

Balance sheet		31/12/2022	30/09/2023
1	Asset
1.1	Cash and cash equivalents	483,493	212,146
1.2	Due from banks and financial institutions	69,136	69,464
1.3	Financial investments	12,279	47,977
1.4	Loans and advances to customers (net)	556,701	622,451
1.4.1	Performing loans	497,794	564,519
1.4.2	Non-performing loans	77,125	81,232
1.4.3	Deferred loan payment	(140)	(173)
1.4.4	Accrued interest receivable	11,399	12,368
1.4.5	Loan Loss Provision	(29,477)	(35,495)
1.5	Derivative financial assets	3,813	1,779
1.6	Other financial assets	694	692
1.7	Other non-financial assets	3,274	15,242
1.8	Fixed assets (net)	22,125	21,710
1.9	Properties held for sale	–	14,184
1.10	Intangible assets	10,486	12,952
1.11	Total assets	1,162,001	1,016,906
2	Liabilities
2.1	Current accounts	120,912	77,018
2.2	Savings accounts	400,133	468,980
2.3	Due to banks and financial institutions	404,291	210,370
2.4	Other funds	20,560	34,960
2.5	Derivative financial liabilities	5,840	2,516
2.6	Other liabilities	24,042	32,496
2.7	Total liabilities	975,778	826,340
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	35,419
3.6	Other reserves	1,104	58
4	Total equity	186,223	190,566
5	Total liabilities and equity	1,162,001	1,016,906

(MNT million)

Income statement		31/12/2022	30/09/2023
1	Interest income	84,938	80,756
1.1	From Bank of Mongolia	415	1,747
1.2	From other banks & financial institutions	2,582	2,596
1.3	From securities	4,372	5,320
1.4	From loans	72,480	67,595
1.5	Other interest income	5,089	3,498
2	Interest expense	45,956	54,282
2.1	Interest expense on current accounts	–	1,394
2.2	Interest expense on savings accounts	37,816	44,869
2.3	Interest expense on borrowed funds	2,378	1,693
2.4	Interest expense on securities	1,711	913
2.5	Other interest expense	4,051	5,413
3	Net interest income (1-2)	38,982	26,474
4	Provision expenses (provision reverse income)	9,190	6,044
4.1	Deposits at other banks and financial institutions	768	–
4.2	Securities	69	–
4.3	Loans	8,353	6,044
5	Net interest income after provision [(3)-(4)]	29,792	20,430
6	Other income	31,544	23,538
6.1	Non-interest income	31,100	23,433
6.1.1	Trading income	19,213	11,017
6.1.2	Foreign exchange and revaluation income	10,497	11,445
6.1.3	Fees and commission income	1,390	926
6.1.4	Other non-interest income	–	45
6.2	Other income	444	105
7	Other expense	47,704	39,472
7.1	Non-interest expense	47,157	39,182
7.1.1	Other provision expense	58	9
7.1.2	Trading expense	15,191	8,753
7.1.3	Foreign exchange and revaluation expense	9,376	10,727
7.1.4	Fees and commission expense	1,150	982
7.1.5	Other operating expense	21,382	18,711
7.2	Non-operating expense	547	290
8	Profit before tax (5+6-7)	13,632	4,496
9	Income tax expense	2,944	211
10	Profit after tax (8-9)	10,688	4,285
11	Other comprehensive income	(76)	–
12	Total comprehensive income for the year (10+11)	10,612	4,285

(MNT million)

Off balance sheet items			31/12/2022	30/09/2023
Contingencies and commitments (net)			11,078	14,848

Prudential ratios by the Bank of Mongolia	Limit	30/09/2023
Tier 1 capital ratio	≥ 9%	24.3%
Capital adequacy ratio	≥ 12%	24.3%
Liquidity ratio	≥ 25%	29.0%
Foreign currency open position ratio (single currency)	< ±15%	1.8%
Foreign currency open position ratio (total)	< ±30%	4.5%

(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	–	–	0.0%
1.2	Management	–	–	0.0%
1.3	Other related parties	Loan	6,353	3.3%
2	Total Loans and other equivalent assets provided to related parties (less than 20% of capital)			13.6%
2.1	Shareholders	Loan	100	0.1%
2.2	Management	Loan	415	0.2%
2.3	Other related parties	Loan	25,456	13.3%