Author: Otgonkhuu Ch

Post author By Otgonkhuu Ch
Post date July 28, 2022
No Comments on

The internal audit department is create the desired results in bank and customer, increase the value of operations, in order to improve:

Bank’s internal control system
Risk management system
Independent implementation of governance principles, Confirm with a realistic approach, engaged in consulting activities.

Internal audit unit is works on the principle of reporting its work in audit committee, works on the principle of reporting in Executive management. The Board and the Audit Committee are ensure independence in internal audit, implements step-by-step measures in strengthen human resources.

The Internal audit department is evaluates the internal control system in accordance with the principles of The Committee of Sponsoring Organizations of the Treadway (COSO) and free from conflict of interest, real, principle of fairness is implemented of the risk based general, information technology audit,

Performance of strategy to reduce npl

Post author By Otgonkhuu Ch
Post date May 23, 2022
No Comments on Performance of strategy to reduce npl

million MNT

Indicators to evaluate the target for reducing the non-performing assets	Date of strategy approval (2023.12.31)	TARGET REDUCTION OF NON-PERFORMING ASSETS			As of reporting period /2023.12.31/
		Short term (1 year)	Medium term (2-4 years)	Long term (5 years or more)	As of reporting period /2023.12.31/
		2024.12.31	2025.12.31	2028.12.31	TARGET	PERFORMANCE	PERFORMANCE %
Total loan amount	694,905.8	955,543.0	993,764.7	1,115,846.0	910,354.3	694,905.8	76.3%
Non-performing loan amount	62,023.1	76,443.0	84,470.0	101,542.0	54,650.0	62,023.1	113.5%
Non-performing loan share	8.9%	8.0%	8.5%	9.1%	6.0%	8.9%	148.7%
Loan loss provision	37,324.8	45,866.0	50,682.0	73,618.0	27,310.6	37,324.8	136.7%
Non-performing assets other than loans	55.3	50.2	70.0	100.0	271.8	55.3	20.3%
Provision for non-performing assets other than loans	55.3	50.2	70.0	100.0	272.2	55.3	20.3%
OTHER INFORMATIONS
Restructured loan share	3.3%	5.1%	6.0%	6.0%	3.8%	3.3%	87.5%

Quarterly financial statements

Year-2022 Quarter- 1

Quarter-1,2022

(in millions of MNT)

BALANCE SHEET ITEMS		31/03/2022
1	ASSET
1.1	Cash and cash equivalents	197,690
1.2	Due from banks and financial institutions	40,602
1.3	Financial investments	45,898
1.4	Loans and advances to customers (net)	497,313
1.4.1	Performing loans	494,753
1.4.2	Non-performing loans	8,644
1.4.3	Deferred loan payment	(127)
1.4.4	Accrued interest receivable	11,274
1.4.5	Loan Loss Provision	(17,232)
1.5	Derivative financial assets	766
1.6	Other financial assets	49
1.7	Other non-financial assets	18,679
1.8	Fixed assets (net)	10,709
1.9	Intangible assets	9,957
1.10	Total assets	821,664
2	LIABILITIES
2.1	Current account	71,056
2.2	Savings account	299,479
2.3	Due to banks and financial instituitions	202,207
2.4	Other deposits	48,199
2.5	Derivative financial liabilities	1,136
2.6	Other liabilities	9,278
2.7	Total liabilities	631,356
3	EQUITY
3.1	Share capital	146,474
3.2	Share premium	15,645
3.3	Revaluation surplus	1
3.4	Retained earnings /loss/	28,050
3.5	Other reserves	138
3.6	Total equity	190,308
4	TOTAL LIABILITIES AND EQUITY	821,664

(in millions of MNT)

INCOME STATEMENT		31/03/2022
1	Interest income	18,183
1.1	From Bank of Mongolia	8
1.2	From Other banks & financial institutions	442
1.3	From securities	1,574
1.4	From loans	15,693
1.5	Other interest income	465
2	Interest expense	9,007
2.1	Interest expense on current account	–
2.2	Interest expense on savings account	7,396
2.3	Interest expense on borrowed funds	530
2.4	Interest expense on securities	557
2.5	Other interest expense	524
3	NET INTEREST INCOME (1-2)	9,175
4	Provision expenses (provision reverse income)	–
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	–
5	Net interest income after provision [(3)-(4)]	9,175
6	Other income	6,588
6.1	Non-interest income	6,509
6.1.1	Trading income	2,295
6.1.2	Exchange and revaluation adjustment expense	1,421
6.1.3	Fees and commission income	302
6.1.4	Other non-interest income	2,492
6.2	Other income	79
7	Other expense	7,359
7.1	Non-interest expense	7,264
7.1.1	Other provision expense	1
7.1.2	Trade expense	819
7.1.3	Exchange and revaluation adjustment expense	1,684
7.1.4	Fees and commission expense	304
7.1.5	Other operating expense	4,456
7.2	Other expense	95
8	Profit Before Tax (5+6-7)	8,405
9	Income tax expense	800
10	Profit After Taxes (8-9)	7,605
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	7,605

(in millions of MNT)

OFF BALANCE SHEET	31/03/2022
Contingencies and commitments (net)	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%

Quarterly financial statements

Year-2021 Quarter- 4

Quarter-4,2021
				(in millions of MNT)
BALANCE SHEET ITEMS			31/12/2020	31/12/2021
1	ASSET
1.1	Cash and cash equivalents		100,857	131,425
1.2	Due from banks and financial institutions		7,685	28,907
1.3	Financial investments		23,197	82,961
1.4	Loans and advances to customers (net)		216,739	423,569
1.4.1	Performing loans		211,821	416,828
1.4.2	Past due loans		5,187	8,341
1.4.3	Non-performing loans		14,984	11,722
1.4.4	Deferred loan payment		(48)	(126)
1.4.5	Accrued interest receivable		1,269	6,219
1.4.6	Loan Loss Provision		(16,474)	(19,415)
1.5	Derivative financial assets		–	42
1.6	Other financial assets		150	54
1.7	Other non-financial assets		1,712	34,360
1.8	Fixed assets (net)		9,360	11,459
1.9	Intangible assets		458	369
1.10	Total assets		360,158	713,146
2	LIABILITIES
2.1	Current account		9,825	58,149
2.2	Savings account		78,073	259,022
2.3	Due to banks and financial instituitions		132,817	132,947
2.4	Other deposits		23,001	82,048
2.5	Derivative financial liabilities		–	26
2.6	Other liabilities		7,402	8,171
2.7	Total liabilities		251,118	540,363
3	EQUITY
3.1	Share capital		100,000	146,474
3.2	Revaluation surplus		1	1
3.3	Retained earnings /loss/		8,993	26,170
3.4	Other reserves		46	138
3.5	Total equity		109,040	172,783
4	TOTAL LIABILITIES AND EQUITY		360,158	713,146


				(in millions of MNT)
INCOME STATEMENT			31/12/2020	31/12/2021
1	Interest income		44,737	50,684
1.1	From Bank of Mongolia		326	132
1.2	From Other banks & financial institutions		3,181	855
1.3	From securities		3,312	4,493
1.4	From loans		37,918	44,370
1.5	Other interest income		–	834
2	Interest expense		25,090	24,879
2.1	Interest expense on current account		614	–
2.2	Interest expense on savings account		21,281	19,963
2.3	Interest expense on borrowed funds		576	1,946
2.4	Interest expense on securities		1,959	1,574
2.5	Other interest expense		660	1,396
3	NET INTEREST INCOME (1-2)		19,647	25,805
4	Provision expenses (provision reverse income)		7,957	647
4.1	Deposits at other banks and financial institutions		–	327
4.2	Securities		–	25
4.3	Loans		7,957	295
5	Net interest income after provision [(3)-(4)]		11,690	25,158
6	Other income		6,884	4,249
6.1	Non-interest income		6,355	4,249
6.1.1	Trading income		5,263	3,393
6.1.2	Exchange and revaluation adjustment expense		644	349
6.1.3	Fees and commission income		448	507
6.2	Other income		529	–
7	Other expense		12,435	16,228
7.1	Non-interest expense		12,166	15,360
7.1.1	Other provision expense		264	2
7.1.2	Trade expense		2,727	1,936
7.1.3	Exchange and revaluation adjustment expense		394	428
7.1.4	Fees and commission expense		437	432
7.1.5	Other operating expense		8,344	12,562
7.2	Other expense (5+6-7)		269	868
8	Profit Before Tax		6,139	13,179
9	Income tax expense		665	2,599
10	Profit After Taxes (8-9)		5,474	10,580
11	Other comprehensive income		(88)	92
12	Total comprehensive income for the year (10+11)		5,386	10,672

				(in millions of MNT)
OFF BALANCE SHEET			31/12/2020	31/12/2021
Contingencies and commitments (net)			1,925	16,939



PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA			Limit	31/12/2021
Tier 1 ratio			≥ 9%	32.0%
Capital adequacy ratio			≥ 12%	32.0%
Liquidity			≥ 25%	32.9%
Foreign currency open position ratio (by each currency)			< ±15%	-2.4%
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)			4.8%
1.1	Shareholders of the Bank	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	8,267	4.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)			18.8%
2.1	Shareholders of the Bank	Loan	100	0.1%
2.2	Key management personnel	Loan	283	0.2%
2.3	Other related parties	Loan	32,153	18.6%

Quarterly financial statements

Year-2021 Quarter- 3

Quarter-3,2021
				(in millions of MNT)
BALANCE SHEET ITEMS			31/12/2020	30/09/2021
1	ASSET
1.1	Cash and cash equivalents		108,542	122,405
1.2	Due from banks and financial institutions		–	25,916
1.3	Financial investments		23,197	102,328
1.4	Loans and advances to customers (net)		216,739	388,018
1.4.1	Performing loans		211,821	382,240
1.4.2	Past due loans		5,187	7,553
1.4.3	Non-performing loans		14,984	12,942
1.4.4	Deferred loan payment		(48)	(122)
1.4.5	Accrued interest receivable		1,269	3,754
1.4.6	Loan Loss Provision		(16,474)	(18,349)
1.5	Derivative financial assets		–	157
1.6	Other financial assets		150	7
1.7	Other non-financial assets		1,712	6,589
1.8	Fixed assets (net)		9,360	10,647
1.9	Intangible assets		458	861
1.10	Total assets		360,158	656,928
2	LIABILITIES
2.1	Current account		9,825	23,747
2.2	Savings account		78,073	222,392
2.3	Due to banks and financial instituitions		132,817	127,774
2.4	Other deposits		23,001	105,025
2.5	Derivative financial liabilities		–	122
2.6	Other liabilities		7,402	6,288
2.7	Total liabilities		251,118	485,348
3	EQUITY
3.1	Share capital		100,000	146,474
3.2	Revaluation surplus		1	1
3.3	Retained earnings /loss/		8,993	25,059
3.4	Other reserves		46	46
3.5	Total equity		109,040	171,580
4	TOTAL LIABILITIES AND EQUITY		360,158	656,928


				(in millions of MNT)
INCOME STATEMENT			31/12/2020	9/31/2021
1	Interest income		44,737	33,296
1.1	From Bank of Mongolia		326	110
1.2	From Other banks & financial institutions		3,181	675
1.3	From securities		3,312	2,733
1.4	From loans		37,918	29,313
1.5	Other interest income		–	465
2	Interest expense		25,090	16,441
2.1	Interest expense on current account		614	–
2.2	Interest expense on savings account		21,281	13,136
2.3	Interest expense on borrowed funds		576	1,375
2.4	Interest expense on securities		1,959	1,018
2.5	Other interest expense		660	912
3	NET INTEREST INCOME (1-2)		19,647	16,855
4	Provision expenses (provision reverse income)		7,957	(770)
4.1	Deposits at other banks and financial institutions		–	–
4.2	Securities		–	–
4.3	Loans		7,957	(770)
5	Net interest income after provision [(3)-(4)]		11,690	17,625
6	Other income		6,884	3,021
6.1	Non-interest income		6,355	2,952
6.1.1	Trading income		5,263	2,544
6.1.2	Exchange and revaluation adjustment expense		644	179
6.1.3	Fees and commission income		448	229
6.2	Other income		529	69
7	Other expense		12,435	9,681
7.1	Non-interest expense		12,166	9,432
7.1.1	Other provision expense		264	1
7.1.2	Trade expense		2,727	1,507
7.1.3	Exchange and revaluation adjustment expense		394	258
7.1.4	Fees and commission expense		437	239
7.1.5	Other operating expense		8,344	7,427
7.2	Other expense (5+6-7)		269	249
8	Profit Before Tax		6,139	10,965
9	Income tax expense		665	1,499
10	Profit After Taxes (8-9)		5,474	9,466
11	Other comprehensive income		(88)	–
12	Total comprehensive income for the year (10+11)		5,386	9,466

				(in millions of MNT)
OFF BALANCE SHEET			31/12/2020	9/31/2021
Contingencies and commitments (net)			1,925	15,616



PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA			Limit	9/31/2021
Tier 1 ratio			≥ 9%	35.3%
Capital adequacy ratio			≥ 12%	35.3%
Liquidity			≥ 25%	35.4%
Foreign currency open position ratio (by each currency)			< ±15%	-4.3%
Foreign currency open position ratio (total)			< ±30%	-4.4%

				(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)			4.8%
1.1	Shareholders of the Bank	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	8,270	4.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)			13.5%
2.1	Shareholders of the Bank	Loan	100	0.1%
2.2	Key management personnel	Loan	177	0.1%
2.3	Other related parties	Loan	22,856	13.3%

Quarterly financial statements

Year-2021 Quarter- 2

Quarter-2,2021
				(in millions of MNT)
BALANCE SHEET ITEMS			31/12/2020	30/06/2021
1	ASSET
1.1	Cash and cash equivalents		108,542	73,555
1.2	Due from banks and financial institutions		–	14,604
1.3	Financial investments		23,197	53,077
1.4	Loans and advances to customers (net)		216,739	257,394
1.4.1	Performing loans		211,821	250,672
1.4.2	Past due loans		5,187	7,539
1.4.3	Non-performing loans		14,984	12,537
1.4.4	Deferred loan payment		(48)	(67)
1.4.5	Accrued interest receivable		1,269	1,946
1.4.6	Loan Loss Provision		(16,474)	(15,233)
1.5	Derivative financial assets		–	29
1.6	Other financial assets		150	6
1.7	Other non-financial assets		1,712	5,236
1.8	Fixed assets (net)		9,360	10,306
1.9	Intangible assets		458	390
1.10	Total assets		360,158	414,597
2	LIABILITIES
2.1	Current account		9,825	9,372
2.2	Savings account		78,073	132,362
2.3	Due to banks and financial instituitions		132,817	94,244
2.4	Other deposits		23,001	54,364
2.5	Derivative financial liabilities		–	22
2.6	Other liabilities		7,402	8,436
2.7	Total liabilities		251,118	298,800
3	EQUITY
3.1	Share capital		100,000	100,000
3.2	Revaluation surplus		1	1
3.3	Retained earnings /loss/		8,993	15,750
3.4	Other reserves		46	46
3.5	Total equity		109,040	115,797
4	TOTAL LIABILITIES AND EQUITY		360,158	414,597


				(in millions of MNT)
INCOME STATEMENT			31/12/2020	30/06/2021
1	Interest income		44,737	19,855
1.1	From Bank of Mongolia		326	97
1.2	From Other banks & financial institutions		3,181	537
1.3	From securities		3,312	1,398
1.4	From loans		37,918	17,755
1.5	Other interest income		–	68
2	Interest expense		25,090	9,486
2.1	Interest expense on current account		614	–
2.2	Interest expense on savings account		21,281	7,675
2.3	Interest expense on borrowed funds		576	862
2.4	Interest expense on securities		1,959	544
2.5	Other interest expense		660	405
3	NET INTEREST INCOME (1-2)		19,647	10,369
4	Provision expenses (provision reverse income)		7,957	–
4.1	Deposits at other banks and financial institutions		–	–
4.2	Securities		–	–
4.3	Loans		7,957	–
5	Net interest income after provision [(3)-(4)]		11,690	10,369
6	Other income		6,884	3,134
6.1	Non-interest income		6,355	3,121
6.1.1	Trading income		5,263	1,699
6.1.2	Exchange and revaluation adjustment expense		644	77
6.1.3	Fees and commission income		448	104
6.1.4	Other non-interest income		–	1,241
6.2	Other income		529	13
7	Other expense		12,435	5,747
7.1	Non-interest expense		12,166	5,675
7.1.1	Other provision expense		264	1
7.1.2	Trade expense		2,727	936
7.1.3	Exchange and revaluation adjustment expense		394	167
7.1.4	Fees and commission expense		437	183
7.1.5	Other operating expense		8,344	4,388
7.2	Other expense (5+6-7)		269	72
8	Profit Before Tax		6,139	7,756
9	Income tax expense		665	999
10	Profit After Taxes (8-9)		5,474	6,757
11	Other comprehensive income		(88)	–
12	Total comprehensive income for the year (10+11)		5,386	6,757

				(in millions of MNT)
OFF BALANCE SHEET			31/12/2020	30/06/2021
Contingencies and commitments (net)			1,925	6,506



PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA			Limit	30/06/2021
Tier 1 ratio			≥ 9%	35.9%
Capital adequacy ratio			≥ 12%	35.9%
Liquidity			≥ 20%	31.3%
Foreign currency open position ratio (by each currency)			< ±15%	1.0%
Foreign currency open position ratio (total)			< ±30%	-7.3%

				(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)			4.8%
1.1	Shareholders of the Bank	Loan	5,541	4.8%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	–	–	0.0%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)			4.9%
2.1	Shareholders of the Bank	Loan	5,541	4.8%
2.2	Key management personnel	Loan	143	0.1%

Quarterly financial statements

Year-2021 Quarter- 1

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%

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%

Quarterly financial statements

Year-2020 Quarter- 3

Quarter-3,2020
FINANCIAL STATEMENT

		(in millions of MNT)
Items		9/30/2020
1	ASSET
1.1	Cash and cash equivalents	133,563.22
1.2	Due from banks and financial institutions	–
1.3	Financial investments	13,191.82
1.3.1	Investmens in associates	–
1.4	Loans and advances to customers (net)	250,017.63
1.4.1	Performing loans	247,071.17
1.4.2	Non-performing loans	13,767.09
1.4.3	Deferred loan payment	–
1.4.4	Accrued interest receivable	1,459.94
1.4.5	Loan Loss Provision	(12,280.57)
1.5	Derivative financial assets	–
1.6	Other financial assets	11.73
1.7	Other non-financial assets	2,167.54
1.8	Fixed assets (net)	6,589.46
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	519.06
1.12	Total assets	406,060.47
2	LIABILITIES
2.1	Current account	13,398.23
2.2	Savings account	106,096.43
2.3	Due to banks and financial instituitions	156,684.96
2.4	Other deposits	13,250.70
2.5	Other liabilities	7,444.69
2.10	Total liabilities	296,875.00
3	EQUITY
3.1	Share capital	100,000.00
3.2	Share premium	–
3.3	Treasury shares	–
3.4	Revaluation surplus	0.57
3.5	Retained earnings /loss/	9,051.21
3.6	Other reserves	133.69
3.7	Total equity	109,185.47
4	TOTAL LIABILITIES AND EQUITY	406,060.47


INCOME STATEMENT

		(in millions of MNT)
Items		9/30/2020
1	Interest income	34,565.97
1.1	From Bank of Mongolia	260.60
1.2	From Other banks & financial institutions	2,323.27
1.3	From securities	2,971.27
1.4	From loans	29,010.83
1.5	Other interest income	–
2	Interest expense	20,987.08
2.1	Interest expense on current account	609.25
2.2	Interest expense on savings account	17,790.67
2.3	Interest expense on borrowed funds	216.44
2.4	Interest expense on securities	1,859.93
2.5	Other interest expense	510.79
3	NET INTEREST INCOME (1-2)	13,578.88
4	Provision expenses	3,751.46
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	3,751.46
5	Net interest income after provision [(3)-(4)]	9,827.42
6	Other income	3,083.03
6.1	Non-interest income	2,706.27
6.1.1	Trading income	2,076.15
6.1.2	Exchange and revaluation adjustment expense	195.43
6.1.3	Fees and commission income	389.55
6.1.4	Other non-interest income	45.14
6.2	Other income	376.76
7	Other expense	6,977.27
7.1	Non-interest expense	6,733.78
7.1.1	Other provision expense	0.03
7.1.2	Trade expense	–
7.1.3	Exchange and revaluation adjustment expense	–
7.1.4	Fees and commission expense	336.98
7.1.5	Other operating expense	6,396.77
7.2	Other expense	243.49
8	Profit Before Tax (5+6-7)	5,933.18
9	Income tax expense	401.06
10	Profit After Taxes (8-9)	5,532.13
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	5,532.13


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		2,654.62


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	31.1%
Capital adequacy ratio		≥ 12%	31.1%
Liquidity		≥ 20%	25.5%
Foreign currency open position ratio (by each currency)		< ±15%	1.9%
Foreign currency open position ratio (total)		< ±30%	2.1%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

					(in millions of MNT)
Related parties		Category of assets	Balance	% in total Equity
1.0	Loans and other equivalent asset provided to a related party (less than 5% of capital)
1.1.	Shareholders of the Bank	–	–	–
1.2.	Key management personnel	–	–	–
1.3.	Other related parties	Loan	4.05	3.7%
2.0	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	Loan	0.23	0.2%
2.3.	Other related parties	Loan	9.66	8.6%

Quarterly financial statements

Year-2020 Quarter- 2

Quarter-2,2020
FINANCIAL STATEMENT

		(in millions of MNT)
Items		6/30/2020
1	ASSET
1.1	Cash and cash equivalents	137,160.43
1.2	Due from banks and financial institutions	–
1.3	Financial investments	13,134.02
1.3.1	Investmens in associates	–
1.4	Loans and advances to customers (net)	252,408.72
1.4.1	Performing loans	248,474.88
1.4.2	Non-performing loans	14,786.20
1.4.3	Deferred loan payment	–
1.4.4	Accrued interest receivable	1,454.35
1.4.5	Loan Loss Provision	(12,306.71)
1.5	Derivative financial assets	–
1.6	Other financial assets	2.47
1.7	Other non-financial assets	3,699.34
1.8	Fixed assets (net)	7,214.57
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	627.89
1.12	Total assets	414,247.44
2	LIABILITIES
2.1	Current account	24,455.06
2.2	Savings account	124,946.91
2.3	Due to banks and financial instituitions	150,728.39
2.4	Other deposits	250.70
2.5	Other liabilities	30,077.96
2.10	Total liabilities	330,459.01
3	EQUITY
3.1	Share capital	78,000.00
3.2	Share premium	–
3.3	Treasury shares	–
3.4	Revaluation surplus	0.57
3.5	Retained earnings /loss/	5,654.17
3.6	Other reserves	133.69
3.7	Total equity	83,788.43
4	TOTAL LIABILITIES AND EQUITY	414,247.44


INCOME STATEMENT

		(in millions of MNT)
Items		6/30/2020
1	Interest income	23,923.68
1.1	From Bank of Mongolia	187.38
1.2	From Other banks & financial institutions	1,631.72
1.3	From securities	2,398.20
1.4	From loans	19,706.38
1.5	Other interest income	–
2	Interest expense	15,455.11
2.1	Interest expense on current account	604.60
2.2	Interest expense on savings account	13,001.28
2.3	Interest expense on borrowed funds	65.92
2.4	Interest expense on securities	1,434.21
2.5	Other interest expense	349.09
3	NET INTEREST INCOME (1-2)	8,468.58
4	Provision expenses	3,864.58
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	3,864.58
5	Net interest income after provision [(3)-(4)]	4,604.00
6	Other income	4,026.79
6.1	Non-interest income	3,701.67
6.1.1	Trading income	2,968.51
6.1.2	Exchange and revaluation adjustment expense	401.16
6.1.3	Fees and commission income	286.85
6.1.4	Other non-interest income	45.14
6.2	Other income	325.12
7	Other expense	6,375.08
7.1	Non-interest expense	6,279.01
7.1.1	Other provision expense	–
7.1.2	Trade expense	1,189.57
7.1.3	Exchange and revaluation adjustment expense	311.22
7.1.4	Fees and commission expense	222.26
7.1.5	Other operating expense	4,555.96
7.2	Other expense	96.07
8	Profit Before Tax (5+6-7)	2,255.70
9	Income tax expense	120.61
10	Profit After Taxes (8-9)	2,135.09
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	2,135.09


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		1,932.87


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	22.2%
Capital adequacy ratio		≥ 12%	22.2%
Liquidity		≥ 20%	22.2%
Foreign currency open position ratio (by each currency)		< ±15%	14.2%
Foreign currency open position ratio (total)		< ±30%	16.2%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
					(in millions of MNT)
Related parties		Category 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	–	–	–
1.2.	Key management personnel	–	–	–
1.3.	Other related parties	Loan	4,008.63	4.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	Loan	141.48	0.2%
2.3.	Other related parties	Loan	11,395.61	13.6%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
					(in millions of MNT)
Related parties		Category 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	–	–	–
1.2.	Key management personnel	–	–	–
1.3.	Other related parties	Loan	4,008.63	4.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	Loan	141.48	0.2%
2.3.	Other related parties	Loan	11,395.61	13.6%

Quarterly financial statements

Year-2020 Quarter- 1

Quarter-1,2020
FINANCIAL STATEMENT

		(in millions of MNT)
Items		3/31/2020
1	ASSET
1.1	Cash and cash equivalents	137,435.97
1.2	Due from banks and financial institutions	–
1.3	Financial investments	47,555.46
1.3.1	Investmens in associates	–
1.4	Loans and advances to customers (net)	268,927.75
1.4.1	Performing loans	258,265.78
1.4.2	Non-performing loans	18,553.46
1.4.3	Deferred loan payment	–
1.4.4	Accrued interest receivable	2,742.45
1.4.5	Loan Loss Provision	(10,633.94)
1.5	Derivative financial assets	–
1.6	Other financial assets	0.28
1.7	Other non-financial assets	6,152.64
1.8	Fixed assets (net)	7,141.54
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	664.78
1.12	Total assets	467,878.42
2	LIABILITIES
2.1	Current account	54,413.44
2.2	Savings account	149,833.75
2.3	Due to banks and financial instituitions	127,659.83
2.4	Other deposits	25,227.73
2.5	Other liabilities	28,500.86
2.10	Total liabilities	385,635.60
3	EQUITY
3.1	Share capital	78,000.00
3.2	Share premium	–
3.3	Treasury shares	–
3.4	Revaluation surplus	0.57
3.5	Retained earnings /loss/	4,108.56
3.6	Other reserves	133.69
3.7	Total equity	82,242.82
4	TOTAL LIABILITIES AND EQUITY	467,878.42


INCOME STATEMENT

		(in millions of MNT)
Items		3/31/2020
1	Interest income	12,578.62
1.1	From Bank of Mongolia	144.14
1.2	From Other banks & financial institutions	891.15
1.3	From securities	1,497.08
1.4	From loans	10,046.24
1.5	Other interest income	–
2	Interest expense	8,995.93
2.1	Interest expense on current account	462.52
2.2	Interest expense on savings account	7,516.81
2.3	Interest expense on borrowed funds	5.17
2.4	Interest expense on securities	838.76
2.5	Other interest expense	172.67
3	NET INTEREST INCOME (1-2)	3,582.69
4	Provision expenses	2,311.31
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	2,311.31
5	Net interest income after provision [(3)-(4)]	1,271.38
6	Other income	1,884.29
6.1	Non-interest income	1,696.44
6.1.1	Trading income	1,456.87
6.1.2	Exchange and revaluation adjustment expense	48.82
6.1.3	Fees and commission income	145.60
6.1.4	Other non-interest income	45.14
6.2	Other income	187.85
7	Other expense	2,506.20
7.1	Non-interest expense	2,469.42
7.1.1	Other provision expense	–
7.1.2	Trade expense	–
7.1.3	Exchange and revaluation adjustment expense	–
7.1.4	Fees and commission expense	96.52
7.1.5	Other operating expense	2,372.90
7.2	Other expense	36.78
8	Profit Before Tax (5+6-7)	649.46
9	Income tax expense	59.99
10	Profit After Taxes (8-9)	589.48
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	589.48


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		1,748.52


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	23.5%
Capital adequacy ratio		≥ 12%	23.5%
Liquidity		≥ 20%	31.8%
Foreign currency open position ratio (by each currency)		< ±15%	4.1%
Foreign currency open position ratio (total)		< ±30%	11.6%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
					/in millions of MNT/
Related parties		Category 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	–	–	–
1.2.	Key management personnel	–	–	–
1.3.	Other related parties	Loan	3,941.76	4.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	Loan	45.46	0.1%
2.3.	Other related parties	Loan	8,557.37	10.4%

Quarterly financial statements

Year-2019 Quarter- 4

Quarter-4,2019
FINANCIAL STATEMENT

		(in millions of MNT)
Items		12/31/2019
1	ASSET
1.1	Cash and cash equivalents	200,118.37
1.2	Due from banks and financial institutions	10,003.42
1.3	Financial investments	26,168.79
1.3.5	Investmens in associates	–
1.4	Loans and advances to customers (net)	254,523.39
1.4.1	Performing loans	249,501.74
1.4.2	Non-performing loans	11,581.75
1.4.6	Deferred loan payment	–
1.4.7	Accrued interest receivable	1,654.35
1.4.8	Loan Loss Provision	(8,214.45)
1.5	Derivative financial assets	–
1.6	Other financial assets	685.69
1.7	Other non-financial assets	26,079.09
1.8	Fixed assets (net)	6,226.80
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	747.77
1.12	Total assets	524,553.34
2	LIABILITIES
2.1	Current account	57,751.11
2.2	Savings account	190,952.88
2.3	Due to banks and financial instituitions	163,726.27
2.4	Other deposits	4,294.63
2.5	Other liabilities	26,096.24
2.10	Total liabilities	442,821.14
3	EQUITY
3.1	Share capital	78,000.00
3.2	Share premium	–
3.3	Treasury shares	–
3.4	Revaluation surplus	0.57
3.5	Retained earnings /loss/	3,638.70
3.6	Other reserves	92.93
3.7	Total equity	81,732.20
4	TOTAL LIABILITIES AND EQUITY	524,553.34


INCOME STATEMENT

		(in millions of MNT)
Items		12/31/2019
1	Interest income	57,389.10
1.1	From Bank of Mongolia	114.07
1.2	From Other banks & financial institutions	4,577.71
1.3	From securities	11,223.25
1.4	From loans	41,474.06
1.5	Other interest income	–
2	Interest expense	39,897.85
2.1	Interest expense on current account	1,048.83
2.2	Interest expense on savings account	31,857.35
2.3	Interest expense on borrowed funds	13.08
2.4	Interest expense on securities	6,593.43
2.5	Other interest expense	385.15
3	NET INTEREST INCOME (1-2)	17,491.25
4	Provision expenses	6,269.56
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	6,269.56
5	Net interest income after provision [(3)-(4)]	11,221.69
6	Other income	2,335.17
6.1	Non-interest income	1,820.57
6.1.1	Trading income	700.22
6.1.2	Exchange and revaluation adjustment expense	318.74
6.1.3	Fees and commission income	801.60
6.1.4	Other non-interest income	–
6.2	Other income	514.61
7	Other expense	7,915.68
7.1	Non-interest expense	7,677.85
7.1.1	Other provision expense	47.76
7.1.2	Trade expense	–
7.1.3	Exchange and revaluation adjustment expense	–
7.1.4	Fees and commission expense	393.38
7.1.5	Other operating expense	7,236.71
7.2	Other expense	237.83
8	Profit Before Tax (5+6-7)	5,641.18
9	Income tax expense	1,124.56
10	Profit After Taxes (8-9)	4,516.62
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	4,516.62


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		2,027.32


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	25.9%
Capital adequacy ratio		≥ 12%	25.9%
Liquidity		≥ 25%	53.1%
Foreign currency open position ratio (by each currency)		< ±15%	4.9%
Foreign currency open position ratio (total)		< ±30%	-14.2%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
				(in millions of MNT)
Related parties		Category 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	–	–	–
1.2.	Key management personnel	Loan	20.00	0.0%
1.3.	Other related parties	Loan	3,912.68	4.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	Loan	70.60	0.1%
2.3.	Other related parties	Loan	12,526.37	15.3%

Quarterly financial statements

Year-2019 Quarter- 3

Quarter-3,2019
FINANCIAL STATEMENT

		(in millions of MNT)
Items		9/30/2019
1	ASSET
1.1	Cash and cash equivalents	141,119.03
1.2	Due from banks and financial institutions	10,003.42
1.3	Financial investments	66,622.52
1.3.5	Investmens in associates	–
1.4	Loans and advances to customers (net)	280,025.29
1.4.1	Performing loans	266,977.14
1.4.2	Non-performing loans	13,611.02
1.4.6	Deferred loan payment	–
1.4.7	Accrued interest receivable	1,950.75
1.4.8	Loan Loss Provision	(2,513.62)
1.5	Derivative financial assets	–
1.6	Other financial assets	1.71
1.7	Other non-financial assets	13,115.29
1.8	Fixed assets (net)	4,201.97
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	529.31
1.12	Total assets	515,618.54
2	LIABILITIES
2.1	Current account	39,587.50
2.2	Savings account	144,868.52
2.3	Due to banks and financial instituitions	179,269.97
2.4	Other deposits	31,597.65
2.5	Other liabilities	35,568.16
2.10	Total liabilities	430,891.81
3	EQUITY
3.1	Share capital	78,000.00
3.2	Share premium	–
3.3	Treasury shares	–
3.4	Revaluation surplus	0.57
3.5	Retained earnings /loss/	6,633.23
3.6	Other reserves	92.93
3.7	Total equity	84,726.73
4	TOTAL LIABILITIES AND EQUITY	515,618.54


INCOME STATEMENT

		(in millions of MNT)
Items		9/30/2019
1	Interest income	43,812.03
1.1	From Bank of Mongolia	52.35
1.2	From Other banks & financial institutions	3,419.95
1.3	From securities	8,623.65
1.4	From loans	31,716.09
1.5	Other interest income	–
2	Interest expense	29,675.25
2.1	Interest expense on current account	592.02
2.2	Interest expense on savings account	23,728.22
2.3	Interest expense on borrowed funds	7.80
2.4	Interest expense on securities	5,197.57
2.5	Other interest expense	149.65
3	NET INTEREST INCOME (1-2)	14,136.78
4	Provision expenses	599.71
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	599.71
5	Net interest income after provision [(3)-(4)]	13,537.08
6	Other income	1,277.04
6.1	Non-interest income	991.01
6.1.1	Trading income	294.94
6.1.2	Exchange and revaluation adjustment expense	181.27
6.1.3	Fees and commission income	514.80
6.1.4	Other non-interest income	–
6.2	Other income	286.04
7	Other expense	5,421.21
7.1	Non-interest expense	5,274.23
7.1.1	Other provision expense	47.76
7.1.2	Trade expense	–
7.1.3	Exchange and revaluation adjustment expense	–
7.1.4	Fees and commission expense	304.11
7.1.5	Other operating expense	4,922.37
7.2	Other expense	146.98
8	Profit Before Tax (5+6-7)	9,392.91
9	Income tax expense	1,881.76
10	Profit After Taxes (8-9)	7,511.15
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	7,511.15


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		2,629.91


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	21.2%
Capital adequacy ratio		≥ 12%	21.2%
Liquidity		≥ 25%	33.0%
Foreign currency open position ratio (by each currency)		< ±15%	-5.8%
Foreign currency open position ratio (total)		< ±30%	-5.8%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
				(in millions of MNT)
Related parties		Category 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	–	–	–
1.2.	Key management personnel	Loan	35.92	0.0%
1.3.	Other related parties	Loan	2,251.02	2.7%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	Loan	102.49	0.1%
2.3.	Other related parties	Loan	4,750.64	5.6%

Quarterly financial statements

Year-2019 Quarter- 2

Quarter-2,2019
FINANCIAL STATEMENT

		(in millions of MNT)
Items		6/30/2019
1	ASSET
1.1	Cash and cash equivalents	123,003.92
1.2	Due from banks and financial institutions	10,010.27
1.3	Financial investments	85,410.09
1.3.5	Investmens in associates
1.4	Loans and advances to customers (net)	289,527.99
1.4.1	Performing loans	281,350.94
1.4.2	Non-performing loans	9,200.00
1.4.6	Deferred loan payment	–
1.4.7	Accrued interest receivable	1,301.20
1.4.8	Loan Loss Provision	(2,324.15)
1.5	Derivative financial assets	–
1.6	Other financial assets	(0.03)
1.7	Other non-financial assets	873.62
1.8	Fixed assets (net)	4,490.18
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	525.99
1.12	Total assets	513,842.04
2	LIABILITIES
2.1	Current account	20,749.21
2.2	Savings account	126,650.18
2.3	Due to banks and financial instituitions	196,350.83
2.4	Other deposits	53,810.56
2.5	Other liabilities	34,481.14
2.10	Total liabilities	432,041.92
3	EQUITY
3.1	Share capital	78,000.00
3.2	Share premium
3.3	Treasury shares
3.4	Revaluation surplus	0.57
3.5	Retained earnings /loss/	3,706.61
3.6	Other reserves	92.93
3.7	Total equity	81,800.11
4	TOTAL LIABILITIES AND EQUITY	513,842.04


INCOME STATEMENT

		(in millions of MNT)
Items		6/30/2019
1	Interest income	28,393.10
1.1	From Bank of Mongolia	46.08
1.2	From Other banks & financial institutions	2,300.40
1.3	From securities	5,552.01
1.4	From loans	20,524.61
1.5	Other interest income	–
2	Interest expense	19,488.31
2.1	Interest expense on current account	286.60
2.2	Interest expense on savings account	15,599.71
2.3	Interest expense on borrowed funds	2.95
2.4	Interest expense on securities	3,498.71
2.5	Other interest expense	100.35
3	NET INTEREST INCOME (1-2)	8,904.78
4	Provision expenses	413.00
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	413.00
5	Net interest income after provision [(3)-(4)]	8,491.79
6	Other income	736.18
6.1	Non-interest income	506.92
6.1.1	Trading income	–
6.1.2	Exchange and revaluation adjustment expense	147.78
6.1.3	Fees and commission income	359.14
6.1.4	Other non-interest income	–
6.2	Other income	229.26
7	Other expense	3,751.17
7.1	Non-interest expense	3,637.07
7.1.1	Other provision expense	47.76
7.1.2	Trade expense	83.05
7.1.3	Exchange and revaluation adjustment expense	–
7.1.4	Fees and commission expense	172.36
7.1.5	Other operating expense	3,333.91
7.2	Other expense	114.10
8	Profit Before Tax (5+6-7)	5,476.80
9	Income tax expense	892.27
10	Profit After Taxes (8-9)	4,584.53
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	4,584.53


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		2,550.28


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	21.0%
Capital adequacy ratio		≥ 12%	21.0%
Liquidity		≥ 25%	37.3%
Foreign currency open position ratio (by each currency)		< ±15%	3.0%
Foreign currency open position ratio (total)		< ±40%	3.2%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
				(in millions of MNT)
Related parties		Category 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	–	–	–
1.2.	Key management personnel	Loan	23.29	0.0%
1.3.	Other related parties	Loan	2,251.02	2.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	Loan	68.94	0.1%
2.3.	Other related parties	Loan	4,648.60	5.7%

Quarterly financial statements

Year-2019 Quarter- 1

Quarter-1,2019
FINANCIAL STATEMENT

		(in millions of MNT)
Items		3/31/2019
1	ASSET
1.1	Cash and cash equivalents	145,008.46
1.2	Due from banks and financial institutions	–
1.3	Financial investments	82,764.14
1.3.1	Investmens in associates	–
1.4	Loans and advances to customers (net)	278,303.91
1.4.1	Performing loans	270,176.04
1.4.2	Non-performing loans	9,200.00
1.4.3	Deferred loan payment	–
1.4.4	Accrued interest receivable	1,196.14
1.4.5	Loan Loss Provision	(2,268.27)
1.5	Derivative financial assets	–
1.6	Other financial assets	47.22
1.7	Other non-financial assets	920.20
1.8	Fixed assets (net)	4,738.28
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	618.16
1.12	Total assets	512,400.36
2	LIABILITIES
2.1	Current account	10,948.91
2.2	Savings account	99,473.78
2.3	Due to banks and financial instituitions	229,355.93
2.4	Other deposits	59,285.21
2.5	Other liabilities	33,763.59
2.10	Total liabilities	432,827.40
3	EQUITY
3.1	Share capital	78,000.00
3.2	Share premium	–
3.3	Treasury shares	–
3.4	Revaluation surplus	0.57
3.5	Retained earnings /loss/	1,544.44
3.6	Other reserves	27.95
3.7	Total equity	79,572.96
4	TOTAL LIABILITIES AND EQUITY	512,400.36


INCOME STATEMENT

		(in millions of MNT)
Items		3/31/2019
1	Interest income	12,999.93
1.1	From Bank of Mongolia	29.61
1.2	From Other banks & financial institutions	1,095.69
1.3	From securities	2,209.17
1.4	From loans	9,665.45
1.5	Other interest income	–
2	Interest expense	8,615.83
2.1	Interest expense on current account	131.66
2.2	Interest expense on savings account	7,565.79
2.3	Interest expense on borrowed funds	2.56
2.4	Interest expense on securities	868.06
2.5	Other interest expense	47.77
3	NET INTEREST INCOME (1-2)	4,384.09
4	Provision expenses	364.34
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	364.34
5	Net interest income after provision [(3)-(4)]	4,019.76
6	Other income	403.83
6.1	Non-interest income	302.03
6.1.1	Trading income	–
6.1.2	Exchange and revaluation adjustment expense	130.02
6.1.3	Fees and commission income	172.01
6.1.4	Other non-interest income	–
6.2	Other income	101.80
7	Other expense	1,831.42
7.1	Non-interest expense	1,792.77
7.1.1	Other provision expense	2.39
7.1.2	Trade expense	117.87
7.1.3	Exchange and revaluation adjustment expense	–
7.1.4	Fees and commission expense	105.09
7.1.5	Other operating expense	1,567.43
7.2	Other expense	38.65
8	Profit Before Tax (5+6-7)	2,592.16
9	Income tax expense	234.78
10	Profit After Taxes (8-9)	2,357.37
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	2,357.37


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		1,259.38


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	22.4%
Capital adequacy ratio		≥ 12%	22.4%
Liquidity		≥ 25%	36.3%
Foreign currency open position ratio (by each currency)		< ±15%	-5.5%
Foreign currency open position ratio (total)		< ±40%	-5.5%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
				(in millions of MNT)
Related parties		Category 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	–	–	–
1.2.	Key management personnel	–	–	–
1.3.	Other related parties	Loan	2,251.02	2.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	Loan	130.01	0.2%
2.3.	Other related parties	Loan	4,820.56	6.1%