Categories
Quarterly financial statements

As of March 31, 2024

(MNT million)

STATEMENT OF FINANCIAL POSITION

31/03/2024

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

1.10 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 instituitions

                          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

(MNT million)

INCOME STATEMENT

31/03/2024

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

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%

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%