Categories
Financial indicators

FINANCIAL INDICATORS

in thousands of MNT
(audited)
BALANCE SHEET

2018

2019 2020 2021 2022

2023

ASSETS
Cash and balances with Bank of Mongolia

118,463,789

187,738,265 47,652,174 122,747,594  230,809,578

208,488,370

Due from banks

60,981,772

22,355,805 60,889,978        37,585,022          321,818,852

198,880,626

Financial assets at FVTPL

58,661

352,543 266,720         2,832,448             4,748,884

4,772,703

Financial assets at FVTOCI

29,389,823

25,816,251 22,930,314        69,765,709                640,791

37,008,923

Financial assets at amortised cost

       10,348,243             6,889,076

20,896,193

Derivative financial assets

               35,712              3,813,582

2,442,507

Loans and advances to customers

289,072,998

254,427,548 216,738,625    433,651,455  556,700,648

671,768,051

Current tax assets

675,263

Properties held for sale

26,183,950

Property and equipment

2,181,152

6,226,802 8,930,940        11,045,889            19,856,337

16,484,725

Intangible assets

636,569

747,771 458,040         5,432,936             5,894,523

5,483,334

Deferred tax assets

1,035            355,657                  –

486,597

Other assets

1,057,365

26,079,221 2,291,118        34,728,868       6,236,675

16,007,031

Goodwill

         4,591,561              4,591,561

4,591,561

TOTAL ASSETS

501,842,129

524,420,504 360,157,909     733,121,094  1,162,000,507

1,213,494,571

LIABILITIES
Deposits from financial institutions

212,729,196

163,726,270 112,195,768        90,063,973    374,088,532

311,527,590

Deposits from customers

147,867,031

248,999,833 87,948,924      318,303,255    525,090,994

578,007,031

Repurchase agreements

29,603,979

3,998,795 22,949,907        76,731,558        6,019,946

37,712,288

Borrowed funds

20,620,840        47,066,560      40,696,557

63,452,028

Derivative financial liabilities

               20,009              5,839,782

3,408,636

Current tax liabilities

367,746

189,441           894,892           184,314

1,816,541

Deferred tax liabilities

10,356                –           178,300

 –

Other liabilities

34,058,596

26,042,265 7,202,814   17,399,985      23,679,289

 20,671,528

TOTAL LIABILITIES

424,626,548

442,767,163 251,118,050 550,480,232    975,777,714

 1,016,595,642

EQUITY          
Share capital

78,000,000

78,000,000 100,000,000  146,473,811  139,442,306

139,442,306

Share premium

  15,645,407    15,646,926

15,646,926

Reserves

93,503

134,258 46,646        124,009     1,103,813

99,068

Retained earnings

(877,922)

3,519,083 8,993,213   20,397,635 30,029,748

41,710,629

TOTAL EQUITY

77,215,581

81,653,341 109,039,859  182,640,862    186,222,793

196,898,929

TOTAL LIABILITIES AND EQUITY

501,842,129

524,420,504 360,157,909  733,121,094 1,162,000,5

1,213,494,571

in thousands of MNT

INCOME STATEMENT 2018 2019 2020 2021 2022 2023
Interest and similar income 27,695,862 57,524,891 44,854,170        50,814,740            85,122,132          117,843,486
Interest and similar expense (15,999,056) (39,897,851) (25,089,645)      (24,881,973)          (45,956,759)          (74,555,848)
Net interest income 11,696,806 17,627,040 19,764,525        25,932,767            39,165,373   43,287,638
Fee and commission income 768,056 665,810 330,979              376,799              1,205,971              1,091,988
Fee and commission expense (266,369) (393,383) (436,979)            (462,092)            (1,150,338)            (1,498,906)
Net fee and commission income (expense) 501,687 272,427 (106,000)              (85,293)                    55,633 (406,918)
Net trading income (expense) 563,078 871,662 2,493,878          1,457,159              4,038,048              3,255,669
Other income (expense) from other financial instruments at FVTPL (140,356) 50,270            (177,896)            (1,947,392) 1,103,175
Revenue 12,761,571 18,630,773 22,202,673        27,126,737            41,311,662 47,239,564
Other income 117,667 789,517 683,476                54,652              3,536,042                  794,656
Impairment losses on financial instruments (1,555,979) (6,413,735) (8,133,610)            (589,482)            (9,299,839) (8,974,922)
Personnel expenses (2,747,623) (3,713,667) (3,734,624)        (5,443,150)          (10,414,223)          (13,538,723)
Depreciation and amortization (676,234) (1,771,354) (2,644,442)        (4,010,633)            (5,922,646)  (6,488,224)
Other expenses (2,427,749) (1,751,692) (2,083,588)        (3,071,270)            (5,172,801)  (6,788,592)
Non-operating expenses (238,166) (242,850) (150,337)            (221,457)                (406,329) (134,867)
Profit before tax 5,233,487 5,526,992 6,139,548        13,845,397            13,631,866 12,108,892
Income tax expense (1,408,139) (1,129,987) (665,418)        (2,440,975)            (2,944,032)            (1,484,303)
Net profit for the year 3,825,348 4,397,005 5,474,130        11,404,422            10,687,834 10,624,589
OTHER COMPREHENSIVE INCOME
Net change in fair value 64,985 105,740 18,128                95,491                    19,574         71,121
Reclassified to profit or loss (64,985) (105,740)              (18,128)                  (95,491)       (19,574)
Total comprehensive income for the year 3,890,333 4,437,760 5,386,518        11,481,785            10,611,917 10,676,136

 

OTHER INDICATORS

2018

2019 2020 2021 2022

2023

Capital Adequacy ratio

24.77%

27.15% 39.67% 33.51% 27.99%

22.65%

Tier 1 ratio

24.76% 27.15% 39.66% 33.51% 27.99%

22.65%

Liqudity ratio

33.71%

53.13% 28.53% 32.88% 37.02%

33.82%

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