(MNT million)
STATEMENT OF FINANCIAL POSITION | 31/12/2022 | 31/12/2023 (Unaudited) |
|
1 | ASSETS | ||
1.1 | Cash and cash equivalents | 483,493 | 353,296 |
1.2 | Due from banks and financial institutions | 69,136 | 78,448 |
1.3 | Financial investments | 12,279 | 62,678 |
1.4 | Loans and advances to customers (net) | 556,701 | 672,435 |
1.4.1 | Performing loans | 497,794 | 632,883 |
1.4.2 | Non-performing loans | 77,125 | 62,023 |
1.4.3 | Deferred loan payment | (140) | (159) |
1.4.4 | Accrued interest receivable | 11,399 | 15,013 |
1.4.5 | Loan loss provision | (29,477) | (37,325) |
1.5 | Derivative financial assets | 3,813 | 2,443 |
1.6 | Other financial assets | 694 | 703 |
1.7 | Other non-financial assets | 3,274 | 20,906 |
1.8 | Fixed assets | 22,125 | 19,603 |
1.9 | Properties held for sale | – | 14,902 |
1.10 | Intangible assets | 10,486 | 13,067 |
1.11 | Total assets | 1,162,001 | 1,238,481 |
2 | LIABILITIES | ||
2.1 | Current accounts | 120,912 | 92,072 |
2.2 | Savings accounts | 400,133 | 482,662 |
2.3 | Due to banks and financial instituitions | 404,291 | 368,160 |
2.4 | Other funds | 20,560 | 47,667 |
2.5 | Derivative financial liabilities | 5,840 | 3,409 |
2.6 | Other liabilities | 24,042 | 47,456 |
2.7 | Total liabilities | 975,778 | 1,041,426 |
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 | Retained earnings | 30,030 | 41,867 |
3.5 | Other reserves | 1,104 | 99 |
3.6 | Total equity | 186,223 | 197,055 |
4 | TOTAL LIABILITIES AND EQUITY | 1,162,001 | 1,238,481 |
OFF BALANCE SHEET | ||
Contingencies and commitments (net) | 11,078 | 16,760 |
(MNT million)
INCOME STATEMENT | 31/12/2022 | 31/12/2023 (Unaudited) |
|
1 | Interest income | 84,938 | 117,621 |
1.1 | From Bank of Mongolia | 415 | 1,847 |
1.2 | From banks and financial institutions | 2,582 | 3,397 |
1.3 | From securities | 4,372 | 7,766 |
1.4 | From loans | 72,480 | 100,867 |
1.5 | Other interest income | 5,089 | 3,744 |
2 | Interest expense | 45,956 | 74,205 |
2.1 | Interest expense on current accounts | – | 1,877 |
2.2 | Interest expense on savings accounts | 37,816 | 61,858 |
2.3 | Interest expense on borrowed funds | 2,378 | 2,940 |
2.4 | Interest expense on securities | 1,711 | 1,052 |
2.5 | Other interest expenses | 4,051 | 6,478 |
3 | Net interest income (1-2) | 38,982 | 43,416 |
4 | Provision expense | 9,190 | 8,177 |
4.1 | Deposits at banks and financial institutions | 768 | 252 |
4.2 | Securities | 69 | 6 |
4.3 | Loans | 8,353 | 7,919 |
5 | Net income after provision (3-4) | 29,792 | 35,239 |
6 | Other income | 31,544 | 31,202 |
6.1 | Non-interest income | 31,100 | 31,072 |
6.1.1 | Trading income | 19,213 | 14,229 |
6.1.2 | Foreign exchange and revaluation income | 10,497 | 15,271 |
6.1.3 | Fees and commission income | 1,390 | 1,307 |
6.1.4 | Other non-interest income | – | 265 |
6.2 | Other income, gain | 444 | 130 |
7 | Other expenses | 47,704 | 53,850 |
7.1 | Non-interest expenses | 47,157 | 53,620 |
7.1.1 | Other provision expense | 58 | – |
7.1.2 | Trading expense | 15,191 | 10,974 |
7.1.3 | Foreign exchange and revaluation expense | 9,376 | 14,939 |
7.1.4 | Fees and commission expense | 1,150 | 1,512 |
7.1.5 | Other operating expenses | 21,382 | 26,195 |
7.2 | Other expenses, losses | 547 | 230 |
8 | Profit Before Tax (5+6-7) | 13,632 | 12,591 |
9 | Income tax expense | 2,944 | 1,858 |
10 | Net profit for the year (8-9) | 10,688 | 10,733 |
11 | Other comprehensive income | (76) | 52 |
12 | Total comprehensive income for the year (10+11) | 10,612 | 10,785 |
(MNT million)
PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA | LIMIT | PERFORMANCE |
Tier 1 capital ratio | ≥ 9% | 22.5% |
Capital adequacy ratio | ≥ 12% | 22.5% |
Liquidity ratio | ≥ 25% | 33.8% |
Foreign currency open position ratio (single currency) | < ±15% | -2.9% |
Foreign currency open position ratio (total) | < ±30% | -8.1% |
(MNT million)
LOANS AND ADVANCES TO RELATED PARTIES | CATEGORY OF ASSETS | BALANCE | 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 | 6,351 | 3.2% |
2 | Total loans and advances to related parties (less than 20% of total equity) | 12.4% | ||
2.1 | Bank shareholders | Loan | 100 | 0.1% |
2.2 | Key management personnel | Loan | 404 | 0.2% |
2.3 | Other related parties | Loan | 23,907 | 12.1% |