| Quarter-1,2021 | ||||
| (in millions of MNT) | ||||
| BALANCE SHEET ITEMS | 31/12/2020 | 31/03/2021 | ||
| 1 | ASSET | |||
| 1.1 | Cash and cash equivalents | 108,542 | 93,480 | |
| 1.2 | Due from banks and financial institutions | – | 10,587 | |
| 1.3 | Financial investments | 23,197 | 26,116 | |
| 1.4 | Loans and advances to customers (net) | 216,739 | 269,064 | |
| 1.4.1 | Performing loans | 211,821 | 268,302 | |
| 1.4.2 | Past due loans | 5,187 | – | |
| 1.4.3 | Non-performing loans | 14,984 | 16,001 | |
| 1.4.4 | Deferred loan payment | (48) | (55) | |
| 1.4.5 | Accrued interest receivable | 1,269 | 2,212 | |
| 1.4.6 | Loan Loss Provision | (16,474) | (17,396) | |
| 1.5 | Derivative financial assets | – | – | |
| 1.6 | Other financial assets | 150 | 10 | |
| 1.7 | Other non-financial assets | 1,712 | 4,761 | |
| 1.8 | Fixed assets (net) | 9,360 | 8,748 | |
| 1.9 | Intangible assets | 458 | 470 | |
| 1.10 | Total assets | 360,158 | 413,235 | |
| 2 | LIABILITIES | |||
| 2.1 | Current account | 9,825 | 9,311 | |
| 2.2 | Savings account | 78,073 | 122,510 | |
| 2.3 | Due to banks and financial instituitions | 132,817 | 139,260 | |
| 2.4 | Other deposits | 23,001 | 25,307 | |
| 2.5 | Derivative financial liabilities | – | – | |
| 2.6 | Other liabilities | 7,402 | 5,274 | |
| 2.7 | Total liabilities | 251,118 | 301,661 | |
| 3 | EQUITY | |||
| 3.1 | Share capital | 100,000 | 100,000 | |
| 3.2 | Revaluation surplus | 1 | 1 | |
| 3.3 | Retained earnings /loss/ | 8,993 | 11,527 | |
| 3.4 | Other reserves | 46 | 46 | |
| 3.5 | Total equity | 109,040 | 111,574 | |
| 4 | TOTAL LIABILITIES AND EQUITY | 360,158 | 413,235 | |
| (in millions of MNT) | ||||
| INCOME STATEMENT | 31/12/2020 | 31/03/2021 | ||
| 1 | Interest income | 44,737 | 9,880 | |
| 1.1 | From Bank of Mongolia | 326 | 67 | |
| 1.2 | From Other banks & financial institutions | 3,181 | 515 | |
| 1.3 | From securities | 3,312 | 390 | |
| 1.4 | From loans | 37,918 | 8,908 | |
| 1.5 | Other interest income | – | – | |
| 2 | Interest expense | 25,090 | 4,353 | |
| 2.1 | Interest expense on current account | 614 | – | |
| 2.2 | Interest expense on savings account | 21,281 | 3,550 | |
| 2.3 | Interest expense on borrowed funds | 576 | 461 | |
| 2.4 | Interest expense on securities | 1,959 | 205 | |
| 2.5 | Other interest expense | 660 | 137 | |
| 3 | NET INTEREST INCOME (1-2) | 19,647 | 5,527 | |
| 4 | Provision expenses (provision reverse income) | 7,957 | 922 | |
| 4.1 | Deposits at other banks and financial institutions | – | – | |
| 4.2 | Securities | – | – | |
| 4.3 | Loans | 7,957 | 922 | |
| 5 | Net interest income after provision [(3)-(4)] | 11,690 | 4,605 | |
| 6 | Other income | 6,884 | 844 | |
| 6.1 | Non-interest income | 6,355 | 835 | |
| 6.1.1 | Trading income | 5,263 | 752 | |
| 6.1.2 | Exchange and revaluation adjustment expense | 644 | 29 | |
| 6.1.3 | Fees and commission income | 448 | 54 | |
| 6.1.4 | Other non-interest income | – | 0 | |
| 6.2 | Other income | 529 | 8 | |
| 7 | Other expense | 12,435 | 2,599 | |
| 7.1 | Non-interest expense | 12,166 | 2,555 | |
| 7.1.1 | Other provision expense | 264 | – | |
| 7.1.2 | Trade expense | 2,727 | 494 | |
| 7.1.3 | Exchange and revaluation adjustment expense | 394 | 118 | |
| 7.1.4 | Fees and commission expense | 437 | 91 | |
| 7.1.5 | Other operating expense | 8,344 | 1,852 | |
| 7.2 | Other expense (5+6-7) | 269 | 44 | |
| 8 | Profit Before Tax | 6,139 | 2,850 | |
| 9 | Income tax expense | 665 | 316 | |
| 10 | Profit After Taxes (8-9) | 5,474 | 2,534 | |
| 11 | Other comprehensive income | (88) | – | |
| 12 | Total comprehensive income for the year (10+11) | 5,386 | 2,534 | |
| (in millions of MNT) | ||||
| OFF BALANCE SHEET | 31/12/2020 | 31/03/2021 | ||
| Contingencies and commitments (net) | 1,925 | 1,588 | ||
| PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA | Limit | 31/03/2021 | ||
| Tier 1 ratio | ≥ 9% | 32.9% | ||
| Capital adequacy ratio | ≥ 12% | 32.9% | ||
| Liquidity | ≥ 20% | 28.2% | ||
| Foreign currency open position ratio (by each currency) | < ±15% | 2.8% | ||
| Foreign currency open position ratio (total) | < ±30% | 4.8% | ||
| (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) | 4.5% | ||
| 1.1 | Shareholders of the Bank | – | – | 0.0% |
| 1.2 | Key management personnel | – | – | 0.0% |
| 1.3 | Other related parties | Loan | 5,064 | 4.5% |
| 2 | Total Loans and other equivalent asset provided to related parties (less than 20% of capital) | 15.9% | ||
| 2.1 | Shareholders of the Bank | Loan | – | 0.0% |
| 2.2 | Key management personnel | Loan | 192 | 0.2% |
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