Categories
Quarterly financial statements

As of June 30, 2024

(MNT million)

STATEMENT OF FINANCIAL POSITION 30/06/2024
1 ASSETS
1.1 Cash and cash equivalents

   185,800

1.2 Due from banks and financial institutions

     39,169

1.3 Financial investments

        7,359

1.4 Loans and advances to customers (net)

   642,972

1.4.1 Performing loans

   612,821

1.4.2 Non-performing loans

     58,444

1.4.3 Deferred loan payment

         (140)

1.4.4 Accrued interest receivable

     13,112

1.4.5 Loan loss provision

   (41,265)

1.5 Derivative financial assets

        1,676

1.6 Other financial assets

           455

1.7 Other non-financial assets

     13,121

1.8 Fixed assets

     17,592

1.9 Properties held for sale

     17,799

1.1 Intangible assets

     13,511

1.11 Total assets

   939,454

2 LIABILITIES
2.1 Current accounts

     40,476

2.2 Savings accounts

   347,440

2.3 Due to banks and financial instituitions

   307,598

2.4 Other funds

     14,162

2.5 Derivative financial liabilities

        2,990

2.6 Other liabilities

     24,340

2.7 Total liabilities

   737,006

3 EQUITY
3.1 Share capital

   146,474

3.2 Share premium

     15,647

3.3 Treasury shares

     (7,032)

3.4 Retained earnings

     47,260

3.5 Other reserves

              99

3.6 Total equity

   202,448

4 TOTAL LIABILITIES AND EQUITY

   939,454

(MNT million)

OFF BALANCE SHEET
Contingencies and commitments (net)

                          11,553

(MNT million)

INCOME STATEMENT

30/06/2024

1 Interest income

             62,130

1.1 From Bank of Mongolia

                   118

1.2 From banks and financial institutions

                   573

1.3 From securities

                4,142

1.4 From loans

             56,158

1.5 Other interest income

                1,139

2 Interest expense

             42,128

2.1 Interest expense on current accounts

                   826

2.2 Interest expense on savings accounts

             28,503

2.3 Interest expense on borrowed funds

                9,844

2.4 Interest expense on securities

                   283

2.5 Other interest expenses

                2,672

3 Net interest income (1-2)

             20,002

4 Provision expense

                3,363

4.1 Deposits at banks and financial institutions

                       –

4.2 Securities

                       –

4.3 Loans

                3,363

5 Net income after provision (3-4)

             16,639

6 Other income

             12,381

6.1 Non-interest income

             12,246

6.1.1 Trading income

                4,921

6.1.2 Foreign exchange and revaluation income

                6,448

6.1.3 Fees and commission income

                   760

6.1.4 Other non-interest income

                   117

6.2 Other income, gain

                   135

7 Other expenses

             22,797

7.1 Non-interest expenses

             22,468

7.1.1 Other provision expense

                   925

7.1.2 Trading expense

                2,138

7.1.3 Foreign exchange and revaluation expense

                5,975

7.1.4 Fees and commission expense

                   800

7.1.5 Other operating expenses

             12,630

7.2 Other expenses, losses

                   329

8 Profit Before Tax (5+6-7)

                6,223

9 Income tax expense

                   674

10 Net profit for the year (8-9)

                5,549

11 Other comprehensive income

                       –

12 Total comprehensive income for the year (10+11)

                5,549

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA LIMIT PERFORMANCE
Tier 1 capital ratio

≥ 9%

24.3%

Capital adequacy ratio

≥ 12%

24.3%

Liquidity ratio

≥ 25%

30.8%

Foreign currency open position ratio (single currency)

< ±15%

8.4%

Foreign currency open position ratio (total)

< ±30%

10.4%

LOANS AND ADVANCES TO RELATED PARTIES CATEGORY OF ASSETS BALANCE
(MNT million)
PERCENT OF TOTAL EQUITY
1 Loans and advances to a related party (less than 5% of total equity)

3.2%

1.1 Bank shareholders

                                 –

                                      –

0.0%

1.2 Key management personnel

                                 –

                                      –

0.0%

1.3 Other related parties

Loan

                               6,449

3.2%

2 Total loans and advances to related parties (less than 20% of total equity)

11.9%

2.1 Bank shareholders

Loan

                                  100

0.0%

2.2 Key management personnel

Loan

                                  532

0.3%

2.3 Other related parties

Loan

                            23,590

11.6%