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Quarterly financial statements

Year-2020 Quarter- 4

Quarter-4,2020
(in millions of MNT)
BALANCE SHEET ITEMS 31/12/2020
1 ASSET
1.1 Cash and cash equivalents       108,616.36
1.2 Due from banks and financial institutions                         –
1.3 Financial investments          23,197.25
1.4 Loans and advances to customers (net)       216,691.33
1.4.1 Performing loans       211,821.02
1.4.2 Past due loans            5,186.43
1.4.3 Non-performing loans          14,984.03
1.4.4 Deferred loan payment                (48.33)
1.4.5 Accrued interest receivable            1,269.22
1.4.6 Loan Loss Provision       (16,521.04)
1.5 Derivative financial assets                         –
1.6 Other financial assets                226.85
1.7 Other non-financial assets            1,738.64
1.8 Fixed assets (net)            9,360.38
1.9 Intangible assets                458.04
1.10 Total assets       360,288.84
2 LIABILITIES
2.1 Current account            9,824.70
2.2 Savings account          78,073.11
2.3 Due to banks and financial instituitions       132,816.61
2.4 Other deposits          23,001.02
2.5 Derivative financial liabilities                         –
2.6 Other liabilities            7,426.97
2.7 Total liabilities       251,142.41
3 EQUITY
3.1 Share capital       100,000.00
3.2 Revaluation surplus                    0.57
3.3 Retained earnings /loss/            9,012.18
3.4 Other reserves                133.69
3.5 Total equity       109,146.43
4 TOTAL LIABILITIES AND EQUITY       360,288.84
(in millions of MNT)
INCOME STATEMENT 31/12/2020
1 Interest income          44,737.17
1.1 From Bank of Mongolia                325.53
1.2 From Other banks & financial institutions            3,180.73
1.3 From securities            3,312.45
1.4 From loans          37,918.46
1.5 Other interest income                         –
2 Interest expense          25,089.65
2.1 Interest expense on current account                613.80
2.2 Interest expense on savings account          21,280.78
2.3 Interest expense on borrowed funds                576.00
2.4 Interest expense on securities            1,959.48
2.5 Other interest expense                659.59
3 NET INTEREST INCOME (1-2)          19,647.52
4 Provision expenses (provision reverse income)            8,004.31
4.1 Deposits at other banks and financial institutions                         –
4.2 Securities                         –
4.3 Loans            8,004.31
5 Net interest income after provision [(3)-(4)]          11,643.22
6 Other income            3,675.82
6.1 Non-interest income            3,234.48
6.1.1 Trading income            2,536.23
6.1.2 Exchange and revaluation adjustment expense                250.27
6.1.3 Fees and commission income                447.98
6.2 Other income                441.34
7 Other expense            9,234.18
7.1 Non-interest expense            8,970.62
7.1.1 Other provision expense                189.35
7.1.2 Trade expense                         –
7.1.3 Exchange and revaluation adjustment expense                         –
7.1.4 Fees and commission expense                436.98
7.1.5 Other operating expense            8,344.29
7.2 Other expense (5+6-7)                263.56
8 Profit Before Tax            6,084.86
9 Income tax expense                591.76
10 Profit After Taxes (8-9)            5,493.09
11 Other comprehensive income                         –
12 Total comprehensive income for the year (10+11)            5,493.90
(in millions of MNT)
OFF BALANCE SHEET 31/12/2020
Contingencies and commitments (net)            1,924.78
PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA Limit 31/12/2020
Tier 1 ratio ≥ 9% 37.5%
Capital adequacy ratio ≥ 12% 37.5%
Liquidity ≥ 20% 28.5%
Foreign currency open position ratio (by each currency) < ±15% -9.4%
Foreign currency open position ratio (total) < ±30% -9.4%
(in millions of MNT)
Related parties Categary of assets Balance % in total Equity
1 Loans and other equivalent asset provided to a related party (less than 5% of capital)
1.1 Shareholders of the Bank                                  –                         – 0.0%
1.2 Key management personnel                                  –                         – 0.0%
1.3 Other related parties  Loan            5,000.00 4.6%
2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1 Shareholders of the Bank Loan                    0.50 0.0%
2.2 Key management personnel Loan                220.48 0.2%
2.3 Other related parties Loan          17,356.84 15.9%

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