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2024 year I quarter

STATEMENT OF FINANCIAL POSITION

(MNT million)

1 ASSETS    
1.1 Cash and cash equivalents

      217,295

1.2 Due from banks and financial institutions

               72,350

1.3 Financial investments

             72,145

1.4 Loans and advances to customers (net)

          680,793

1.4.1      Performing loans

            647,070

1.4.2      Non-performing loans

             58,622

1.4.3      Deferred loan payment

         (159)

1.4.4      Accrued interest receivable

           15,776

1.4.5      Loan loss provision

           (40,516)

1.5 Derivative financial assets

          2,325

1.6 Other financial assets

           569

1.7 Other non-financial assets

         15,204

1.8 Fixed assets

           19,142

1.9 Properties held for sale

             26,184

1.1 Intangible assets

        13,215

1.11 Total assets

        1,119,222

2 LIABILITIES    
2.1 Current accounts

            82,796

2.2 Savings accounts

      491,964

2.3 Due to banks and financial institutions

          234,434

2.4 Other funds

       78,281

2.5 Derivative financial liabilities

     3,354

2.6 Other liabilities

    25,835

2.7 Total liabilities

       916,664

3 EQUITY    
3.1 Share capital

           146,474

3.2 Share premium

       15,647

3.3 Treasury shares

       (7,032)

3.4 Retained earnings

            47,370

3.5 Other reserves

         99

3.6 Total equity

         202,558

4 TOTAL LIABILITIES AND EQUITY

        1,119,222

 

(MNT million)

OFF BALANCE SHEET    
     Contingencies and commitments (net)

 16,091

INCOME STATEMENT

(MNT million)

1 Interest income           35,199
1.1      From Bank of Mongolia                 56
1.2      From banks and financial institutions                  337
1.3      From securities           3,017
1.4      From loans            31,254
1.5      Other interest income                535
2 Interest expense           21,417
2.1      Interest expense on current accounts                558
2.2      Interest expense on savings accounts             17,808
2.3      Interest expense on borrowed funds             1,515
2.4      Interest expense on securities                  201
2.5 Other interest expenses             1,335
3 Net interest income (1-2)               13,782
4 Provision expense                 2,626
4.1      Deposits at banks and financial institutions                       –
4.2      Securities                    –
4.3      Loans              2,626
5 Net income after provision (3-4)              11,156
6 Other income               8,057
6.1 Non-interest income             7,973
6.1.1     Trading income             1,912
6.1.2      Foreign exchange and revaluation income           5,598
6.1.3      Fees and commission income             379
6.1.4      Other non-interest income               84
6.2 Other income, gain               84
7 Other expenses           13,004
7.1 Non-interest expenses        12,896
7.1.1      Other provision expense                   –
7.1.2      Trading expense            1,390
7.1.3      Foreign exchange and revaluation expense          4,963
7.1.4      Fees and commission expense           305
7.1.5      Other operating expenses              6,238
7.2 Other expenses, losses              108
8 Profit Before Tax (5+6-7)              6,209
9 Income tax expense                  549
10 Net profit for the year (8-9)               5,660
11 Other comprehensive income                      –
12 Total comprehensive income for the year (10+11)               5,660

 

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

≥ 9%

23.0%

Capital adequacy ratio

≥ 12%

23.0%

Liquidity ratio

≥ 25%

30.1%

Foreign currency open position ratio (single currency)

< ±15%

-4.9%

Foreign currency open position ratio (total)

< ±30%

-12.7%

 

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) 3.3%
1.1 Bank shareholders                                  –                                       –              0.0%
1.2 Key management personnel                          –                    –             0.0%
1.3 Other related parties Loan                            6,666 3.3%
2 Total loans and advances to related parties (less than 20% of total equity) 12.0%
2.1 Bank shareholders Loan                                   100 0.0%
2.2 Key management personnel Loan                                544 0.3%
2.3 Other related parties Loan                   23,856 11.7%

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