Category: Financial information

2024 year I quarter

STATEMENT OF FINANCIAL POSITION

(MNT million)

1	ASSETS
1.1	Cash and cash equivalents	217,295
1.2	Due from banks and financial institutions	72,350
1.3	Financial investments	72,145
1.4	Loans and advances to customers (net)	680,793
1.4.1	Performing loans	647,070
1.4.2	Non-performing loans	58,622
1.4.3	Deferred loan payment	(159)
1.4.4	Accrued interest receivable	15,776
1.4.5	Loan loss provision	(40,516)
1.5	Derivative financial assets	2,325
1.6	Other financial assets	569
1.7	Other non-financial assets	15,204
1.8	Fixed assets	19,142
1.9	Properties held for sale	26,184
1.1	Intangible assets	13,215
1.11	Total assets	1,119,222
2	LIABILITIES
2.1	Current accounts	82,796
2.2	Savings accounts	491,964
2.3	Due to banks and financial institutions	234,434
2.4	Other funds	78,281
2.5	Derivative financial liabilities	3,354
2.6	Other liabilities	25,835
2.7	Total liabilities	916,664
3	EQUITY
3.1	Share capital	146,474
3.2	Share premium	15,647
3.3	Treasury shares	(7,032)
3.4	Retained earnings	47,370
3.5	Other reserves	99
3.6	Total equity	202,558
4	TOTAL LIABILITIES AND EQUITY	1,119,222

(MNT million)

OFF BALANCE SHEET
Contingencies and commitments (net)		16,091

INCOME STATEMENT

(MNT million)

1	Interest income	35,199
1.1	From Bank of Mongolia	56
1.2	From banks and financial institutions	337
1.3	From securities	3,017
1.4	From loans	31,254
1.5	Other interest income	535
2	Interest expense	21,417
2.1	Interest expense on current accounts	558
2.2	Interest expense on savings accounts	17,808
2.3	Interest expense on borrowed funds	1,515
2.4	Interest expense on securities	201
2.5	Other interest expenses	1,335
3	Net interest income (1-2)	13,782
4	Provision expense	2,626
4.1	Deposits at banks and financial institutions	–
4.2	Securities	–
4.3	Loans	2,626
5	Net income after provision (3-4)	11,156
6	Other income	8,057
6.1	Non-interest income	7,973
6.1.1	Trading income	1,912
6.1.2	Foreign exchange and revaluation income	5,598
6.1.3	Fees and commission income	379
6.1.4	Other non-interest income	84
6.2	Other income, gain	84
7	Other expenses	13,004
7.1	Non-interest expenses	12,896
7.1.1	Other provision expense	–
7.1.2	Trading expense	1,390
7.1.3	Foreign exchange and revaluation expense	4,963
7.1.4	Fees and commission expense	305
7.1.5	Other operating expenses	6,238
7.2	Other expenses, losses	108
8	Profit Before Tax (5+6-7)	6,209
9	Income tax expense	549
10	Net profit for the year (8-9)	5,660
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	5,660

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA	LIMIT	PERFORMANCE
Tier 1 capital ratio	≥ 9%	23.0%
Capital adequacy ratio	≥ 12%	23.0%
Liquidity ratio	≥ 25%	30.1%
Foreign currency open position ratio (single currency)	< ±15%	-4.9%
Foreign currency open position ratio (total)	< ±30%	-12.7%

LOANS AND ADVANCES TO RELATED PARTIES		CATEGORY OF ASSETS	BALANCE (MNT million)	PERCENT OF TOTAL EQUITY
1	Loans and advances to a related party (less than 5% of total equity)			3.3%
1.1	Bank shareholders	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	6,666	3.3%
2	Total loans and advances to related parties (less than 20% of total equity)			12.0%
2.1	Bank shareholders	Loan	100	0.0%
2.2	Key management personnel	Loan	544	0.3%
2.3	Other related parties	Loan	23,856	11.7%

Quarterly financial statements

2024 year II quarter

STATEMENT OF FINANCIAL POSITION

(MNT million)

1	ASSETS
1.1	Cash and cash equivalents	185,800
1.2	Due from banks and financial institutions	39,169
1.3	Financial investments	7,359
1.4	Loans and advances to customers (net)	642,972
1.4.1	Performing loans	612,821
1.4.2	Non-performing loans	58,444
1.4.3	Deferred loan payment	(140)
1.4.4	Accrued interest receivable	13,112
1.4.5	Loan loss provision	(41,265)
1.5	Derivative financial assets	1,676
1.6	Other financial assets	455
1.7	Other non-financial assets	13,121
1.8	Fixed assets	17,592
1.9	Properties held for sale	17,799
1.1	Intangible assets	13,511
1.11	Total assets	939,454
2	LIABILITIES
2.1	Current accounts	40,476
2.2	Savings accounts	347,440
2.3	Due to banks and financial instituitions	307,598
2.4	Other funds	14,162
2.5	Derivative financial liabilities	2,990
2.6	Other liabilities	24,340
2.7	Total liabilities	737,006
3	EQUITY
3.1	Share capital	146,474
3.2	Share premium	15,647
3.3	Treasury shares	(7,032)
3.4	Retained earnings	47,260
3.5	Other reserves	99
3.6	Total equity	202,448
4	TOTAL LIABILITIES AND EQUITY	939,454

(MNT million)

OFF BALANCE SHEET
Contingencies and commitments (net)		11,553

INCOME STATEMENT

(MNT million)

1	Interest income	62,130
1.1	From Bank of Mongolia	118
1.2	From banks and financial institutions	573
1.3	From securities	4,142
1.4	From loans	56,158
1.5	Other interest income	1,139
2	Interest expense	42,128
2.1	Interest expense on current accounts	826
2.2	Interest expense on savings accounts	28,503
2.3	Interest expense on borrowed funds	9,844
2.4	Interest expense on securities	283
2.5	Other interest expenses	2,672
3	Net interest income (1-2)	20,002
4	Provision expense	3,363
4.1	Deposits at banks and financial institutions	–
4.2	Securities	–
4.3	Loans	3,363
5	Net income after provision (3-4)	16,639
6	Other income	12,381
6.1	Non-interest income	12,246
6.1.1	Trading income	4,921
6.1.2	Foreign exchange and revaluation income	6,448
6.1.3	Fees and commission income	760
6.1.4	Other non-interest income	117
6.2	Other income, gain	135
7	Other expenses	22,797
7.1	Non-interest expenses	22,468
7.1.1	Other provision expense	925
7.1.2	Trading expense	2,138
7.1.3	Foreign exchange and revaluation expense	5,975
7.1.4	Fees and commission expense	800
7.1.5	Other operating expenses	12,630
7.2	Other expenses, losses	329
8	Profit Before Tax (5+6-7)	6,223
9	Income tax expense	674
10	Net profit for the year (8-9)	5,549
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	5,549

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA	LIMIT	PERFORMANCE
Tier 1 capital ratio	≥ 9%	24.3%
Capital adequacy ratio	≥ 12%	24.3%
Liquidity ratio	≥ 25%	30.8%
Foreign currency open position ratio (single currency)	< ±15%	8.4%
Foreign currency open position ratio (total)	< ±30%	10.4%

LOANS AND ADVANCES TO RELATED PARTIES		CATEGORY OF ASSETS	BALANCE (MNT million)	PERCENT OF TOTAL EQUITY
1	Loans and advances to a related party (less than 5% of total equity)			3.2%
1.1	Bank shareholders	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	6,449	3.2%
2	Total loans and advances to related parties (less than 20% of total equity)			11.9%
2.1	Bank shareholders	Loan	100	0.0%
2.2	Key management personnel	Loan	532	0.3%
2.3	Other related parties	Loan	23,590	11.6%

Quarterly financial statements

2024 year III quarter

STATEMENT OF FINANCIAL POSITION

(MNT million)

1	ASSETS
1.1	Cash and cash equivalents	184,400
1.2	Due from banks and financial institutions	44,971
1.3	Financial investments	25,173
1.4	Loans and advances to customers (net)	651,366
1.4.1	Performing loans	615,595
1.4.2	Non-performing loans	56,644
1.4.3	Deferred loan payment	(104)
1.4.4	Accrued interest receivable	16,528
1.4.5	Loan loss provision	(37,297)
1.5	Derivative financial assets	1,069
1.6	Other financial assets	1,130
1.7	Other non-financial assets	21,298
1.8	Fixed assets	17,792
1.9	Properties held for sale	24,267
1.1	Intangible assets	13,470
1.11	Total assets	984,936
2	LIABILITIES
2.1	Current accounts	47,347
2.2	Savings accounts	430,781
2.3	Due to banks and financial institutions	242,506
2.4	Other funds	30,997
2.5	Derivative financial liabilities	1,827
2.6	Other liabilities	26,526
2.7	Total liabilities	779,984
3	EQUITY
3.1	Share capital	146,474
3.2	Share premium	15,647
3.3	Treasury shares	(7,032)
3.4	Retained earnings	49,764
3.5	Other reserves	99
3.6	Total equity	204,952
4	TOTAL LIABILITIES AND EQUITY	984,936

(MNT million)

OFF BALANCE SHEET
Contingencies and commitments (net)			12,107

INCOME STATEMENT

(MNT million)

1	Interest income	90,001
1.1	From Bank of Mongolia	164
1.2	From banks and financial institutions	667
1.3	From securities	6,932
1.4	From loans	80,590
1.5	Other interest income	1,648
2	Interest expense	65,392
2.1	Interest expense on current accounts	1,057
2.2	Interest expense on savings accounts	42,517
2.3	Interest expense on borrowed funds	17,433
2.4	Interest expense on securities	363
2.5	Other interest expenses	4,022
3	Net interest income (1-2)	24,609
4	Provision expense	–
4.1	Deposits at banks and financial institutions	–
4.2	Securities	–
4.3	Loans	–
5	Net income after provision (3-4)	24,609
6	Other income	17,737
6.1	Non-interest income	17,596
6.1.1	Trading income	7,363
6.1.2	Foreign exchange and revaluation income	8,519
6.1.3	Fees and commission income	1,043
6.1.4	Other non-interest income	671
6.2	Other income, gain	141
7	Other expenses	32,494
7.1	Non-interest expenses	31,829
7.1.1	Other provision expense	946
7.1.2	Trading expense	2,811
7.1.3	Foreign exchange and revaluation expense	8,087
7.1.4	Fees and commission expense	1,161
7.1.5	Other operating expenses	18,824
7.2	Other expenses, losses	665
8	Profit Before Tax (5+6-7)	9,852
9	Income tax expense	1,799
10	Net profit for the year (8-9)	8,053
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	8,053

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA	LIMIT	PERFORMANCE
Tier 1 capital ratio	≥ 9%	23.9%
Capital adequacy ratio	≥ 12%	23.9%
Liquidity ratio	≥ 25%	30.2%
Foreign currency open position ratio (single currency)	< ±15%	7.2%
Foreign currency open position ratio (total)	< ±30%	14.5%

LOANS AND ADVANCES TO RELATED PARTIES		CATEGORY OF ASSETS	BALANCE (MNT million)	PERCENT OF TOTAL EQUITY
1	Loans and advances to a related party (less than 5% of total equity)			3.3%
1.1	Bank shareholders	–	–	–
1.2	Key management personnel	–	–	–
1.3	Other related parties	Loan	6,780	3.3%
2	Total loans and advances to related parties (less than 20% of total equity)			11.2%
2.1	Bank shareholders	Loan	100	0.0%
2.2	Key management personnel	Loan	1,125	0.5%
2.3	Other related parties	Loan	21,805	10.6%