As of June 30, 2023

(MNT million)

Balance sheet		31/12/2022	30/06/2023
1	Asset
1.1	Cash and cash equivalents	483,493	225,711
1.2	Due from banks and financial institutions	69,136	62,780
1.3	Financial investments	12,279	37,151
1.4	Loans and advances to customers (net)	556,701	583,776
1.4.1	Performing loans	497,794	529,894
1.4.2	Non-performing loans	77,125	74,564
1.4.3	Deferred loan payment	(140)	(152)
1.4.4	Accrued interest receivable	11,399	13,899
1.4.5	Loan Loss Provision	(29,477)	(34,429)
1.5	Derivative financial assets	3,813	1,197
1.6	Other financial assets	694	558
1.7	Other non-financial assets	3,274	16,000
1.8	Fixed assets (net)	22,125	21,710
1.9	Properties held for sale	–	14,184
1.10	Intangible assets	10,486	12,306
1.11	Total assets	1,162,001	975,373
2	Liabilities
2.1	Current accounts	120,912	70,651
2.2	Savings accounts	400,133	422,334
2.3	Due to banks and financial instituitions	404,291	233,108
2.4	Other funds	20,560	21,290
2.5	Derivative financial liabilities	5,840	662
2.6	Other liabilities	24,042	38,155
2.7	Total liabilities	975,778	786,200
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	34,026
3.6	Other reserves	1,104	58
4	Total equity	186,223	189,173
5	Total liabilities and equity	1,162,001	975,373

(MNT million)

Income statement		31/12/2022	30/06/2023
1	Interest income	84,938	54,870
1.1	From Bank of Mongolia	415	1,604
1.2	From other banks & financial institutions	2,582	1,666
1.3	From securities	4,372	3,806
1.4	From loans	72,480	43,705
1.5	Other interest income	5,089	4,089
2	Interest expense	45,956	36,426
2.1	Interest expense on current accounts	–	943
2.2	Interest expense on savings accounts	37,816	28,164
2.3	Interest expense on borrowed funds	2,378	1,027
2.4	Interest expense on securities	1,711	768
2.5	Other interest expense	4,051	5,524
3	Net interest income (1-2)	38,982	18,444
4	Provision expenses (provision reverse income)	9,190	4,992
4.1	Deposits at other banks and financial institutions	768	–
4.2	Securities	69	–
4.3	Loans	8,353	4,992
5	Net interest income after provision [(3)-(4)]	29,792	13,452
6	Other income	31,544	16,955
6.1	Non-interest income	31,100	16,867
6.1.1	Trading income	19,213	8,252
6.1.2	Foreign exchange and revaluation income	10,497	7,929
6.1.3	Fees and commission income	1,390	641
6.1.4	Other non-interest income	–	45
6.2	Other income	444	88
7	Other expense	47,704	27,248
7.1	Non-interest expense	47,157	27,088
7.1.1	Other provision expense	58	230
7.1.2	Trading expense	15,191	7,190
7.1.3	Foreign exchange and revaluation expense	9,376	6,048
7.1.4	Fees and commission expense	1,150	737
7.1.5	Other operating expense	21,382	12,883
7.2	Non-operating expense	547	160
8	Profit before tax (5+6-7)	13,632	3,159
9	Income tax expense	2,944	267
10	Profit after tax (8-9)	10,688	2,892
11	Other comprehensive income	(76)	–
12	Total comprehensive income for the year (10+11)	10,612	2,892

(MNT million)

Off balance sheet items	31/12/2022	30/06/2023
Contingencies and commitments (net)	11,078	12,164

Prudential ratios by the Bank of Mongolia	Limit	30/06/2023
Tier 1 ratio	≥ 9%	26.0%
Capital adequacy ratio	≥ 12%	26.0%
Liquidity ratio	≥ 25%	29.8%
Foreign currency open position ratio (single currency)	< ±15%	5.2%
Foreign currency open position ratio (total)	< ±30%	10.9%

(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)			3.2%
1.1	Shareholders	–	–	0.0%
1.2	Management	–	–	0.0%
1.3	Other related parties	Loan	6,143	3.2%
2	Total Loans and other equivalent assets provided to related parties (less than 20% of capital)			13.9%
2.1	Shareholders	Loan	100	0.1%
2.2	Management	Loan	426	0.2%
2.3	Other related parties	Loan	25,702	13.6%