Quarter-1,2022
(in millions of MNT)
| BALANCE SHEET ITEMS | 31/12/2021 | 31/03/2022 | |
|---|---|---|---|
| 1 | ASSET | ||
| 1.1 | Cash and cash equivalents | 131,425 | 197,690 |
| 1.2 | Due from banks and financial institutions | 28,907 | 40,602 |
| 1.3 | Financial investments | 82,961 | 45,898 |
| 1.4 | Loans and advances to customers (net) | 423,569 | 497,313 |
| 1.4.1 | Performing loans | 416,828 | 494,753 |
| 1.4.2 | Non-performing loans | 11,722 | 8,644 |
| 1.4.3 | Deferred loan payment | (126) | (127) |
| 1.4.4 | Accrued interest receivable | 6,219 | 11,274 |
| 1.4.5 | Loan Loss Provision | (19,415) | (17,232) |
| 1.5 | Derivative financial assets | 36 | 766 |
| 1.6 | Other financial assets | 42 | 49 |
| 1.7 | Other non-financial assets | 34,630 | 18,679 |
| 1.8 | Fixed assets (net) | 11,459 | 10,709 |
| 1.9 | Intangible assets | 10,024 | 9,957 |
| 1.10 | Total assets | 723,053 | 821,664 |
| 2 | LIABILITIES | ||
| 2.1 | Current account | 58,149 | 71,056 |
| 2.2 | Savings account | 259,021 | 299,479 |
| 2.3 | Due to banks and financial instituitions | 132,946 | 202,207 |
| 2.4 | Other deposits | 82,048 | 48,199 |
| 2.5 | Derivative financial liabilities | 20 | 1,136 |
| 2.6 | Other liabilities | 8,165 | 9,278 |
| 2.7 | Total liabilities | 540,349 | 631,356 |
| 3 | EQUITY | ||
| 3.1 | Share capital | 146,474 | 146,474 |
| 3.2 | Share premium | 15,645 | 15,645 |
| 3.3 | Revaluation surplus | 1 | 1 |
| 3.4 | Retained earnings /loss/ | 20,446 | 28,050 |
| 3.5 | Other reserves | 138 | 138 |
| 3.6 | Total equity | 182,704 | 190,308 |
| 4 | TOTAL LIABILITIES AND EQUITY | 723,053 | 821,664 |
(in millions of MNT)
| INCOME STATEMENT | 31/12/2021 | 31/03/2022 | |
|---|---|---|---|
| 1 | Interest income | 50,684 | 18,183 |
| 1.1 | From Bank of Mongolia | 132 | 8 |
| 1.2 | From Other banks & financial institutions | 855 | 442 |
| 1.3 | From securities | 4,493 | 1,574 |
| 1.4 | From loans | 44,370 | 15,693 |
| 1.5 | Other interest income | 834 | 465 |
| 2 | Interest expense | 24,879 | 9,007 |
| 2.1 | Interest expense on current account | – | – |
| 2.2 | Interest expense on savings account | 19,963 | 7,396 |
| 2.3 | Interest expense on borrowed funds | 1,948 | 530 |
| 2.4 | Interest expense on securities | 1,574 | 557 |
| 2.5 | Other interest expense | 1,397 | 524 |
| 3 | NET INTEREST INCOME (1-2) | 25,802 | 9,175 |
| 4 | Provision expenses (provision reverse income) | 599 | – |
| 4.1 | Deposits at other banks and financial institutions | 327 | – |
| 4.2 | Securities | 25 | – |
| 4.3 | Loans | 247 | – |
| 5 | Net interest income after provision [(3)-(4)] | 25,203 | 9,175 |
| 6 | Other income | 4,249 | 6,588 |
| 6.1 | Non-interest income | 4,249 | 6,509 |
| 6.1.1 | Trading income | 3,393 | 2,295 |
| 6.1.2 | Exchange and revaluation adjustment expense | 349 | 1,421 |
| 6.1.3 | Fees and commission income | 507 | 302 |
| 6.1.4 | Other non-interest income | – | 2,492 |
| 6.2 | Other income | – | 79 |
| 7 | Other expense | 15,559 | 7,359 |
| 7.1 | Non-interest expense | 15,194 | 7,264 |
| 7.1.1 | Other provision expense | 1 | 1 |
| 7.1.2 | Trade expense | 1,936 | 819 |
| 7.1.3 | Exchange and revaluation adjustment expense | 429 | 1,684 |
| 7.1.4 | Fees and commission expense | 462 | 304 |
| 7.1.5 | Other operating expense | 12,366 | 4,456 |
| 7.2 | Other expense | 365 | 95 |
| 8 | Profit Before Tax (5+6-7) | 13,893 | 8,405 |
| 9 | Income tax expense | 2,441 | 800 |
| 10 | Profit After Taxes (8-9) | 11,452 | 7,605 |
| 11 | Other comprehensive income | 92 | – |
| 12 | Total comprehensive income for the year (10+11) | 11,544 | 7,605 |
(in millions of MNT)
| OFF BALANCE SHEET | 31/12/2021 | 31/03/2022 |
|---|---|---|
| Contingencies and commitments (net) | 16,939 | 13,679 |
| PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA | LIMIT | 31/03/2022 | |
|---|---|---|---|
| Tier 1 ratio | ≥9.0% | 26.7% | |
| Capital adequacy ratio | ≥12.0% | 26.7% | |
| Liquidity | ≥25.0% | 26.9% | |
| Foreign currency open position ratio (by each currency) | < ± 15.0% | -2.2% | |
| Foreign currency open position ratio (total) | < ± 30.0% | -2.8% | |
(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) | 4.4% | ||
| 1.1. | Shareholders of the Bank | – | – | 0.0% |
| 1.2. | Key management personnel | – | – | 0.0% |
| 1.3. | Other related parties | Loan | 8,329 | 4.4% |
| 2 | Total Loans and other equivalent asset provided to related parties (less than 20% of capital) | 18.0% | ||
| 2.1. | Shareholders of the Bank | Loan | 100 | 0.1% |
| 2.2. | Key management personnel | Loan | 313 | 0.2% |
| 2.3. | Other related parties | Loan | 33,741 | 17.7% |