(MNT million)
| Balance sheet | 31/12/2022 |
30/06/2023 |
||
| 1 | Asset | |||
| 1.1 | Cash and cash equivalents | 483,493 | 225,711 | |
| 1.2 | Due from banks and financial institutions | 69,136 | 62,780 | |
| 1.3 | Financial investments | 12,279 | 37,151 | |
| 1.4 | Loans and advances to customers (net) | 556,701 | 583,776 | |
| 1.4.1 | Performing loans | 497,794 | 529,894 | |
| 1.4.2 | Non-performing loans | 77,125 | 74,564 | |
| 1.4.3 | Deferred loan payment | (140) | (152) | |
| 1.4.4 | Accrued interest receivable | 11,399 | 13,899 | |
| 1.4.5 | Loan Loss Provision | (29,477) | (34,429) | |
| 1.5 | Derivative financial assets | 3,813 | 1,197 | |
| 1.6 | Other financial assets | 694 | 558 | |
| 1.7 | Other non-financial assets | 3,274 | 16,000 | |
| 1.8 | Fixed assets (net) | 22,125 | 21,710 | |
| 1.9 | Properties held for sale | – | 14,184 | |
| 1.10 | Intangible assets | 10,486 | 12,306 | |
| 1.11 | Total assets | 1,162,001 | 975,373 | |
| 2 | Liabilities | |||
| 2.1 | Current accounts | 120,912 | 70,651 | |
| 2.2 | Savings accounts | 400,133 | 422,334 | |
| 2.3 | Due to banks and financial instituitions | 404,291 | 233,108 | |
| 2.4 | Other funds | 20,560 | 21,290 | |
| 2.5 | Derivative financial liabilities | 5,840 | 662 | |
| 2.6 | Other liabilities | 24,042 | 38,155 | |
| 2.7 | Total liabilities | 975,778 | 786,200 | |
| 3 | Equity | |||
| 3.1 | Share capital | 146,474 | 146,474 | |
| 3.2 | Share premium | 15,647 | 15,647 | |
| 3.3 | Treasury shares | (7,032) | (7,032) | |
| 3.4 | Revaluation surplus | – | – | |
| 3.5 | Retained earnings /loss | 30,030 | 34,026 | |
| 3.6 | Other reserves | 1,104 | 58 | |
| 4 | Total equity | 186,223 | 189,173 | |
| 5 | Total liabilities and equity | 1,162,001 | 975,373 | |
(MNT million)
| Income statement | 31/12/2022 | 30/06/2023 | |
| 1 | Interest income |
84,938 |
54,870 |
| 1.1 | From Bank of Mongolia |
415 |
1,604 |
| 1.2 | From other banks & financial institutions |
2,582 |
1,666 |
| 1.3 | From securities |
4,372 |
3,806 |
| 1.4 | From loans |
72,480 |
43,705 |
| 1.5 | Other interest income |
5,089 |
4,089 |
| 2 | Interest expense |
45,956 |
36,426 |
| 2.1 | Interest expense on current accounts |
– |
943 |
| 2.2 | Interest expense on savings accounts |
37,816 |
28,164 |
| 2.3 | Interest expense on borrowed funds |
2,378 |
1,027 |
| 2.4 | Interest expense on securities |
1,711 |
768 |
| 2.5 | Other interest expense |
4,051 |
5,524 |
| 3 | Net interest income (1-2) |
38,982 |
18,444 |
| 4 | Provision expenses (provision reverse income) |
9,190 |
4,992 |
| 4.1 | Deposits at other banks and financial institutions |
768 |
– |
| 4.2 | Securities |
69 |
– |
| 4.3 | Loans |
8,353 |
4,992 |
| 5 | Net interest income after provision [(3)-(4)] |
29,792 |
13,452 |
| 6 | Other income |
31,544 |
16,955 |
| 6.1 | Non-interest income |
31,100 |
16,867 |
| 6.1.1 | Trading income |
19,213 |
8,252 |
| 6.1.2 | Foreign exchange and revaluation income |
10,497 |
7,929 |
| 6.1.3 | Fees and commission income |
1,390 |
641 |
| 6.1.4 | Other non-interest income |
– |
45 |
| 6.2 | Other income |
444 |
88 |
| 7 | Other expense |
47,704 |
27,248 |
| 7.1 | Non-interest expense |
47,157 |
27,088 |
| 7.1.1 | Other provision expense |
58 |
230 |
| 7.1.2 | Trading expense |
15,191 |
7,190 |
| 7.1.3 | Foreign exchange and revaluation expense |
9,376 |
6,048 |
| 7.1.4 | Fees and commission expense |
1,150 |
737 |
| 7.1.5 | Other operating expense |
21,382 |
12,883 |
| 7.2 | Non-operating expense |
547 |
160 |
| 8 | Profit before tax (5+6-7) |
13,632 |
3,159 |
| 9 | Income tax expense |
2,944 |
267 |
| 10 | Profit after tax (8-9) |
10,688 |
2,892 |
| 11 | Other comprehensive income |
(76) |
– |
| 12 | Total comprehensive income for the year (10+11) |
10,612 |
2,892 |
(MNT million)
| Off balance sheet items | 31/12/2022 | 30/06/2023 |
| Contingencies and commitments (net) |
11,078 |
12,164 |
| Prudential ratios by the Bank of Mongolia | Limit | 30/06/2023 |
| Tier 1 ratio |
≥ 9% |
26.0% |
| Capital adequacy ratio |
≥ 12% |
26.0% |
| Liquidity ratio |
≥ 25% |
29.8% |
| Foreign currency open position ratio (single currency) |
< ±15% |
5.2% |
| Foreign currency open position ratio (total) |
< ±30% |
10.9% |
(MNT million)
| Related parties | Category of assets | Outstanding balance | % in total Equity | |
| 1 | Loans and other equivalent assets provided to a related party (less than 5% of capital) |
3.2% |
||
| 1.1 | Shareholders | – | – |
0.0% |
| 1.2 | Management | – | – |
0.0% |
| 1.3 | Other related parties | Loan |
6,143 |
3.2% |
| 2 | Total Loans and other equivalent assets provided to related parties (less than 20% of capital) |
13.9% |
||
| 2.1 | Shareholders | Loan |
100 |
0.1% |
| 2.2 | Management | Loan |
426 |
0.2% |
| 2.3 | Other related parties | Loan |
25,702 |
13.6% |
