Category: Quarterly financial statements

As of September 30, 2024

Post author By Sharavjamts e
Post date October 15, 2024

(MNT million)

STATEMENT OF FINANCIAL POSITION			30/09/2024
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 instituitions	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

(MNT million)

INCOME STATEMENT		30/09/2024
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%

Quarterly financial statements

As of June 30, 2024

Post author By Sharavjamts e
Post date July 5, 2024

(MNT million)

STATEMENT OF FINANCIAL POSITION			30/06/2024
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

(MNT million)

INCOME STATEMENT		30/06/2024
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

As of March 31, 2024

Post author By Sharavjamts e
Post date April 12, 2024

(MNT million)

STATEMENT OF FINANCIAL POSITION		31/03/2024
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
1.10	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 instituitions	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

(MNT million)

INCOME STATEMENT		31/03/2024
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

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%

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%

Quarterly financial statements

As of December 31, 2023

Post author By Nasantsatsral B
Post date January 23, 2024

(MNT million)

STATEMENT OF FINANCIAL POSITION		31/12/2023 (Unaudited)
1	ASSETS
1.1	Cash and cash equivalents	353,296
1.2	Due from banks and financial institutions	78,448
1.3	Financial investments	62,678
1.4	Loans and advances to customers (net)	672,435
1.4.1	Performing loans	632,883
1.4.2	Non-performing loans	62,023
1.4.3	Deferred loan payment	(159)
1.4.4	Accrued interest receivable	15,013
1.4.5	Loan loss provision	(37,325)
1.5	Derivative financial assets	2,443
1.6	Other financial assets	703
1.7	Other non-financial assets	20,906
1.8	Fixed assets	19,603
1.9	Properties held for sale	14,902
1.10	Intangible assets	13,067
1.11	Total assets	1,238,481
2	LIABILITIES
2.1	Current accounts	92,072
2.2	Savings accounts	482,662
2.3	Due to banks and financial instituitions	368,160
2.4	Other funds	47,667
2.5	Derivative financial liabilities	3,409
2.6	Other liabilities	47,456
2.7	Total liabilities	1,041,426
3	EQUITY
3.1	Share capital	146,474
3.2	Share premium	15,647
3.3	Treasury shares	(7,032)
3.4	Retained earnings	41,867
3.5	Other reserves	99
3.6	Total equity	197,055
4	TOTAL LIABILITIES AND EQUITY	1,238,481

OFF BALANCE SHEET
Contingencies and commitments (net)	16,760

(MNT million)

INCOME STATEMENT		31/12/2023 (Unaudited)
1	Interest income	117,621
1.1	From Bank of Mongolia	1,847
1.2	From banks and financial institutions	3,397
1.3	From securities	7,766
1.4	From loans	100,867
1.5	Other interest income	3,744
2	Interest expense	74,205
2.1	Interest expense on current accounts	1,877
2.2	Interest expense on savings accounts	61,858
2.3	Interest expense on borrowed funds	2,940
2.4	Interest expense on securities	1,052
2.5	Other interest expenses	6,478
3	Net interest income (1-2)	43,416
4	Provision expense	8,177
4.1	Deposits at banks and financial institutions	252
4.2	Securities	6
4.3	Loans	7,919
5	Net income after provision (3-4)	35,239
6	Other income	31,202
6.1	Non-interest income	31,072
6.1.1	Trading income	14,229
6.1.2	Foreign exchange and revaluation income	15,271
6.1.3	Fees and commission income	1,307
6.1.4	Other non-interest income	265
6.2	Other income, gain	130
7	Other expenses	53,850
7.1	Non-interest expenses	53,620
7.1.1	Other provision expense	–
7.1.2	Trading expense	10,974
7.1.3	Foreign exchange and revaluation expense	14,939
7.1.4	Fees and commission expense	1,512
7.1.5	Other operating expenses	26,195
7.2	Other expenses, losses	230
8	Profit Before Tax (5+6-7)	12,591
9	Income tax expense	1,858
10	Net profit for the year (8-9)	10,733
11	Other comprehensive income	52
12	Total comprehensive income for the year (10+11)	10,785

(MNT million)

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA	LIMIT	PERFORMANCE
Tier 1 capital ratio	≥ 9%	22.5%
Capital adequacy ratio	≥ 12%	22.5%
Liquidity ratio	≥ 25%	33.8%
Foreign currency open position ratio (single currency)	< ±15%	-2.9%
Foreign currency open position ratio (total)	< ±30%	-8.1%

(MNT million)

LOANS AND ADVANCES TO RELATED PARTIES		CATEGORY OF ASSETS	BALANCE	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	6,351	3.2%
2	Total loans and advances to related parties (less than 20% of total equity)			12.4%
2.1	Bank shareholders	Loan	100	0.1%
2.2	Key management personnel	Loan	404	0.2%
2.3	Other related parties	Loan	23,907	12.1%

Quarterly financial statements

As of September 30, 2023

Post author By Nasantsatsral B
Post date October 13, 2023

(MNT million)

Balance sheet		30/09/2023
1	Asset
1.1	Cash and cash equivalents	212,146
1.2	Due from banks and financial institutions	69,464
1.3	Financial investments	47,977
1.4	Loans and advances to customers (net)	622,451
1.4.1	Performing loans	564,519
1.4.2	Non-performing loans	81,232
1.4.3	Deferred loan payment	(173)
1.4.4	Accrued interest receivable	12,368
1.4.5	Loan Loss Provision	(35,495)
1.5	Derivative financial assets	1,779
1.6	Other financial assets	692
1.7	Other non-financial assets	15,242
1.8	Fixed assets (net)	21,710
1.9	Properties held for sale	14,184
1.10	Intangible assets	12,952
1.11	Total assets	1,016,906
2	Liabilities
2.1	Current accounts	77,018
2.2	Savings accounts	468,980
2.3	Due to banks and financial institutions	210,370
2.4	Other funds	34,960
2.5	Derivative financial liabilities	2,516
2.6	Other liabilities	32,496
2.7	Total liabilities	826,340
3	Equity
3.1	Share capital	146,474
3.2	Share premium	15,647
3.3	Treasury shares	(7,032)
3.4	Revaluation surplus	–
3.5	Retained earnings /loss	35,419
3.6	Other reserves	58
4	Total equity	190,566
5	Total liabilities and equity	1,016,906

(MNT million)

Income statement		30/09/2023
1	Interest income	80,756
1.1	From Bank of Mongolia	1,747
1.2	From other banks & financial institutions	2,596
1.3	From securities	5,320
1.4	From loans	67,595
1.5	Other interest income	3,498
2	Interest expense	54,282
2.1	Interest expense on current accounts	1,394
2.2	Interest expense on savings accounts	44,869
2.3	Interest expense on borrowed funds	1,693
2.4	Interest expense on securities	913
2.5	Other interest expense	5,413
3	Net interest income (1-2)	26,474
4	Provision expenses (provision reverse income)	6,044
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	6,044
5	Net interest income after provision [(3)-(4)]	20,430
6	Other income	23,538
6.1	Non-interest income	23,433
6.1.1	Trading income	11,017
6.1.2	Foreign exchange and revaluation income	11,445
6.1.3	Fees and commission income	926
6.1.4	Other non-interest income	45
6.2	Other income	105
7	Other expense	39,472
7.1	Non-interest expense	39,182
7.1.1	Other provision expense	9
7.1.2	Trading expense	8,753
7.1.3	Foreign exchange and revaluation expense	10,727
7.1.4	Fees and commission expense	982
7.1.5	Other operating expense	18,711
7.2	Non-operating expense	290
8	Profit before tax (5+6-7)	4,496
9	Income tax expense	211
10	Profit after tax (8-9)	4,285
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	4,285

(MNT million)

Off balance sheet items	30/09/2023
Contingencies and commitments (net)	14,848

Prudential ratios by the Bank of Mongolia	Limit	30/09/2023
Tier 1 capital ratio	≥ 9%	24.3%
Capital adequacy ratio	≥ 12%	24.3%
Liquidity ratio	≥ 25%	29.0%
Foreign currency open position ratio (single currency)	< ±15%	1.8%
Foreign currency open position ratio (total)	< ±30%	4.5%

(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)			3.3%
1.1	Shareholders	–	–	0.0%
1.2	Management	–	–	0.0%
1.3	Other related parties	Loan	6,353	3.3%
2	Total Loans and other equivalent assets provided to related parties (less than 20% of capital)			13.6%
2.1	Shareholders	Loan	100	0.1%
2.2	Management	Loan	415	0.2%
2.3	Other related parties	Loan	25,456	13.3%

Quarterly financial statements

As of June 30, 2023

Post author By Telmuun Gankhuyag
Post date July 28, 2023

(MNT million)

Balance sheet		30/06/2023
1	Asset
1.1	Cash and cash equivalents	225,711
1.2	Due from banks and financial institutions	62,780
1.3	Financial investments	37,151
1.4	Loans and advances to customers (net)	583,776
1.4.1	Performing loans	529,894
1.4.2	Non-performing loans	74,564
1.4.3	Deferred loan payment	(152)
1.4.4	Accrued interest receivable	13,899
1.4.5	Loan Loss Provision	(34,429)
1.5	Derivative financial assets	1,197
1.6	Other financial assets	558
1.7	Other non-financial assets	16,000
1.8	Fixed assets (net)	21,710
1.9	Properties held for sale	14,184
1.10	Intangible assets	12,306
1.11	Total assets	975,373
2	Liabilities
2.1	Current accounts	70,651
2.2	Savings accounts	422,334
2.3	Due to banks and financial instituitions	233,108
2.4	Other funds	21,290
2.5	Derivative financial liabilities	662
2.6	Other liabilities	38,155
2.7	Total liabilities	786,200
3	Equity
3.1	Share capital	146,474
3.2	Share premium	15,647
3.3	Treasury shares	(7,032)
3.4	Revaluation surplus	–
3.5	Retained earnings /loss	34,026
3.6	Other reserves	58
4	Total equity	189,173
5	Total liabilities and equity	975,373

(MNT million)

Income statement		30/06/2023
1	Interest income	54,870
1.1	From Bank of Mongolia	1,604
1.2	From other banks & financial institutions	1,666
1.3	From securities	3,806
1.4	From loans	43,705
1.5	Other interest income	4,089
2	Interest expense	36,426
2.1	Interest expense on current accounts	943
2.2	Interest expense on savings accounts	28,164
2.3	Interest expense on borrowed funds	1,027
2.4	Interest expense on securities	768
2.5	Other interest expense	5,524
3	Net interest income (1-2)	18,444
4	Provision expenses (provision reverse income)	4,992
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	4,992
5	Net interest income after provision [(3)-(4)]	13,452
6	Other income	16,955
6.1	Non-interest income	16,867
6.1.1	Trading income	8,252
6.1.2	Foreign exchange and revaluation income	7,929
6.1.3	Fees and commission income	641
6.1.4	Other non-interest income	45
6.2	Other income	88
7	Other expense	27,248
7.1	Non-interest expense	27,088
7.1.1	Other provision expense	230
7.1.2	Trading expense	7,190
7.1.3	Foreign exchange and revaluation expense	6,048
7.1.4	Fees and commission expense	737
7.1.5	Other operating expense	12,883
7.2	Non-operating expense	160
8	Profit before tax (5+6-7)	3,159
9	Income tax expense	267
10	Profit after tax (8-9)	2,892
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	2,892

(MNT million)

Off balance sheet items	30/06/2023
Contingencies and commitments (net)	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%

Quarterly financial statements

As of March 31, 2023

Post author By Nasantsatsral B
Post date April 18, 2023

(MNT million)

Balance sheet		31/03/2023
1	ASSET
1.1	Cash and cash equivalents	313,498
1.2	Due from banks and financial institutions	75,269
1.3	Financial investments	89,237
1.4	Loans and advances to customers (net)	567,373
1.4.1	Performing loans	508,338
1.4.3	Non-performing loans	76,442
1.4.4	Deferred loan payment	(134)
1.4.5	Accrued interest receivable	14,405
1.4.6	Loan Loss Provision	(31,678)
1.5	Derivative financial assets	4,412
1.6	Other financial assets	536
1.7	Other non-financial assets	19,452
1.8	Fixed assets (net)	24,351
1.9	Intangible assets	10,401
1.10	Total assets	1,104,529
2	Liabilities
2.1	Current account	90,942
2.2	Savings account	439,542
2.3	Due to banks and financial institutions	339,762
2.4	Other funds	20,703
2.5	Derivative financial liabilities	5,743
2.6	Other liabilities	18,021
2.7	Total liabilities	914,713
3	Equity
3.1	Share capital	146,474
3.2	Share premium	15,647
3.3	Treasury shares	(7,032)
3.4	Revaluation surplus	–
3.5	Retained earnings /loss/	34,670
3.6	Other reserves	57
4	Total equity	189,816
5	Total liabilities and equity	1,104,529

(MNT million)

Income statement		31/03/2023
1	Interest income	28,666
1.1	From Bank of Mongolia	1,450
1.2	Other banks & financial institutions	714
1.3	From securities	1,801
1.4	From loans	22,442
1.5	Other interest income	2,259
2	Interest expense	17,630
2.1	Interest expense on current account	436
2.2	Interest expense on savings account	13,279
2.3	Interest expense on borrowed funds	536
2.4	Interest expense on securities	490
2.5	Other interest expense	2,889
3	Net interest income (1-2)	11,036
4	Provision expenses (provision reverse income)	2,168
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	2,168
5	Net interest income after provision [(3)-(4)]	8,868
6	Other income	7,141
6.1	Non-interest income	7,081
6.1.1	Trading income	2,262
6.1.2	Exchange and revaluation adjustment expense	4,365
6.1.3	Fees and commission income	409
6.1.4	Other non-interest income	45
6.2	Other income	60
7	Other expense	12,273
7.1	Non-interest expense	12,242
7.1.1	Other provision expense	158
7.1.2	Trade expense	2,407
7.1.3	Exchange and revaluation adjustment expense	3,082
7.1.4	Fees and commission expense	472
7.1.5	Other operating expense	6,123
7.2	Other expense	31
8	Profit Before Tax (5+6-7)	3,736
9	Income tax expense	200
10	Profit After Taxes (8-9)	3,536
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	3,536

(MNT million)

Off balance sheet items	31/03/2023
Contingencies and commitments (net)	9,149

Prudential ratios by the Bank of Mongolia	Limit	31/03/2023
Tier 1 ratio	≥ 9%	26.7%
Capital adequacy ratio	≥ 12%	26.7%
Liquidity	≥ 25%	37.6%
Foreign currency open position ratio (by each currency)	< ±15%	4.8%
Foreign currency open position ratio (total)	< ±30%	5.2%

(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)			3.3%
1.1	Shareholders of the Bank	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	6,315	3.3%
2	Total Loans and other equivalent assets provided to related parties (less than 20% of capital)			14.3%
2.1	Shareholders of the Bank	Loan	100	0.1%
2.2	Key management personnel	Loan	1,344	0.7%
2.3	Other related parties	Loan	25,636	13.5%

Quarterly financial statements

As of December 31, 2022

Post author By Telmuun Gankhuyag
Post date January 26, 2023

(in millions of MNT)

BALANCE SHEET ITEMS		31/12/2022
1	ASSET
1.1	Cash and cash equivalents	484,176
1.2	Due from banks and financial institutions	69,136
1.3	Financial investments	12,290
1.4	Loans and advances to customers (net)	549,812
1.4.1	Performing loans	490,950
1.4.2	Non-performing loans	77,125
1.4.3	Deferred loan payment	(140)
1.4.4	Accrued interest receivable	11,337
1.4.5	Loan Loss Provision	(29,460)
1.5	Derivative financial assets	3,416
1.6	Other financial assets	694
1.7	Other non-financial assets	3,369
1.8	Fixed assets (net)	22,988
1.9	Intangible assets	10,490
1.10	Total assets	1,156,371
2	LIABILITIES
2.1	Current account	120,912
2.2	Savings account	400,133
2.3	Due to banks and financial institutions	404,289
2.4	Other funds	20,560
2.5	Derivative financial liabilities	5,610
2.6	Other liabilities	18,409
2.7	Total liabilities	969,913
3	EQUITY
3.1	Share capital	146,474
3.2	Share premium	15,647
3.3	Treasury shares	(7,032)
3.4	Revaluation surplus	–
3.5	Retained earnings /loss/	30,255
3.6	Other reserves	1,114
4	Total equity	186,458
5	TOTAL LIABILITIES AND EQUITY	1,156,371

(in millions of MNT)

INCOME STATEMENT		31/12/2022
1	Interest income	84,938
1.1	From Bank of Mongolia	415
1.2	From Other banks & financial institutions	2,582
1.3	From securities	4,372
1.4	From loans	72,480
1.5	Other interest income	5,089
2	Interest expense	45,939
2.1	Interest expense on current account	–
2.2	Interest expense on savings account	37,816
2.3	Interest expense on borrowed funds	2,376
2.4	Interest expense on securities	1,711
2.5	Other interest expense	4,036
3	NET INTEREST INCOME (1-2)	38,999
4	Provision expenses (provision reverse income)	9,225
4.1	Deposits at other banks and financial institutions	768
4.2	Securities	73
4.3	Loans	8,384
5	Net interest income after provision [(3)-(4)]	29,774
6	Other income	31,889
6.1	Non-interest income	31,440
6.1.1	Trading income	19,213
6.1.2	Exchange and revaluation adjustment expense	10,838
6.1.3	Fees and commission income	1,389
6.1.4	Other non-interest income	–
6.2	Other income	449
7	Other expense	48,238
7.1	Non-interest expense	47,591
7.1.1	Other provision expense	58
7.1.2	Trade expense	15,191
7.1.3	Exchange and revaluation adjustment expense	9,883
7.1.4	Fees and commission expense	1,108
7.1.5	Other operating expense	21,351
7.2	Other expense	647
8	Profit Before Tax (5+6-7)	13,425
9	Income tax expense	2,560
10	Profit After Taxes (8-9)	10,865
11	Other comprehensive income	(80)
12	Total comprehensive income for the year (10+11)	10,785

(in millions of MNT)

OFF BALANCE SHEET	31/12/2022
Contingencies and commitments (net)	11,078

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA	Limit	31/12/2022
Tier 1 ratio	≥ 9%	26.9%
Capital adequacy ratio	≥ 12%	26.9%
Liquidity	≥ 25%	37.0%
Foreign currency open position ratio (by each currency)	< ±15%	-2.6%
Foreign currency open position ratio (total)	< ±30%	-3.2%

(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)			4.9%
1.1	Shareholders of the Bank	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	9,140	4.9%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)			18.5%
2.1	Shareholders of the Bank	Loan	100	0.1%
2.2	Key management personnel	Loan	331	0.2%
2.3	Other related parties	Loan	34,020	18.2%

Quarterly financial statements

As of September 30, 2022

Post author By Danzanpuntsag
Post date October 28, 2022

(in millions of MNT)

BALANCE SHEET ITEMS		30/09/2022
1	ASSET
1.1	Cash and cash equivalents	212,181
1.2	Due from banks and financial institutions	60,848
1.3	Financial investments	21,778
1.4	Loans and advances to customers (net)	510,101
1.4.1	Performing loans	434,219
1.4.2	Non-performing loans	92,120
1.4.3	Deferred loan payment	(118)
1.4.4	Accrued interest receivable	9,423
1.4.5	Loan Loss Provision	(25,544)
1.5	Derivative financial assets	2,515
1.6	Other financial assets	120
1.7	Other non-financial assets	86,279
1.8	Fixed assets (net)	12,249
1.9	Intangible assets	9,577
1.10	Total assets	915,647
2	LIABILITIES
2.1	Current account	102,051
2.2	Savings account	369,787
2.3	Due to banks and financial institutions	221,271
2.4	Other funds	26,075
2.5	Derivative financial liabilities	3,404
2.6	Other liabilities	6,694
2.7	Total liabilities	729,282
3	EQUITY
3.1	Share capital	146,474
3.2	Share premium	15,645
3.3	Treasury shares	(7,032)
3.4	Revaluation surplus	1
3.5	Retained earnings /loss/	24,092
3.6	Other reserves	7,184
4	Total equity	186,365
5	TOTAL LIABILITIES AND EQUITY	915,647

(in millions of MNT)

INCOME STATEMENT		30/09/2022
1	Interest income	59,723
1.1	From Bank of Mongolia	89
1.2	From Other banks & financial institutions	1,525
1.3	From securities	3,612
1.4	From loans	51,530
1.5	Other interest income	2,968
2	Interest expense	30,329
2.1	Interest expense on current account	–
2.2	Interest expense on savings account	25,124
2.3	Interest expense on borrowed funds	1,818
2.4	Interest expense on securities	1,468
2.5	Other interest expense	1,918
3	NET INTEREST INCOME (1-2)	29,394
4	Provision expenses (provision reverse income)	4,807
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	4,807
5	Net interest income after provision [(3)-(4)]	24,587
6	Other income	20,001
6.1	Non-interest income	19,761
6.1.1	Trading income	11,579
6.1.2	Exchange and revaluation adjustment expense	7,201
6.1.3	Fees and commission income	977
6.1.4	Other non-interest income	5
6.2	Other income	240
7	Other expense	31,735
7.1	Non-interest expense	31,401
7.1.1	Other provision expense	0
7.1.2	Trade expense	8,410
7.1.3	Exchange and revaluation adjustment expense	6,339
7.1.4	Fees and commission expense	855
7.1.5	Other operating expense	15,797
7.2	Other expense	334
8	Profit Before Tax (5+6-7)	12,853
9	Income tax expense	2,160
10	Profit After Taxes (8-9)	10,693
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	10,693

(in millions of MNT)

OFF BALANCE SHEET	30/09/2022
Contingencies and commitments (net)	12,841

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA	Limit	30/09/2022
Tier 1 ratio	≥ 9%	26.2%
Capital adequacy ratio	≥ 12%	26.2%
Liquidity	≥ 25%	30.3%
Foreign currency open position ratio (by each currency)	< ±15%	6.0%
Foreign currency open position ratio (total)	< ±30%	-16.8%

(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)			4.8%
1.1	Shareholders of the Bank	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	8,851	4.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)			18.9%
2.1	Shareholders of the Bank	Loan	100	0.1%
2.2	Key management personnel	Loan	350	0.2%
2.3	Other related parties	Loan	34,472	18.7%

Quarterly financial statements

Year-2022 Quarter- 2

(in millions of MNT)

BALANCE SHEET ITEMS		30/06/2022
1	ASSET
1.1	Cash and cash equivalents	162,346
1.2	Due from banks and financial institutions	56,337
1.3	Financial investments	41,330
1.4	Loans and advances to customers (net)	494,759
1.4.1	Performing loans	491,699
1.4.2	Non-performing loans	15,638
1.4.3	Deferred loan payment	(147)
1.4.4	Accrued interest receivable	9,983
1.4.5	Loan Loss Provision	(22,414)
1.5	Derivative financial assets	1,318
1.6	Other financial assets	144
1.7	Other non-financial assets	58,518
1.8	Fixed assets (net)	12,585
1.9	Intangible assets	9,913
1.10	Total assets	837,249
2	LIABILITIES
2.1	Current account	111,974
2.2	Savings account	304,096
2.3	Due to banks and financial institutions	177,022
2.4	Other deposits	47,042
2.5	Derivative financial liabilities	2,255
2.6	Other liabilities	9,362
2.7	Total liabilities	651,751
3	EQUITY
3.1	Share capital	146,474
3.2	Share premium	15,645
3.3	Treasury shares	(7,032)
3.4	Revaluation surplus	1
3.5	Retained earnings /loss/	30,272
3.6	Other reserves	138
4	Total equity	185,498
5	TOTAL LIABILITIES AND EQUITY	837,249

(in millions of MNT)

INCOME STATEMENT		30/06/2022
1	Interest income	40,320
1.1	From Bank of Mongolia	60
1.2	From Other banks & financial institutions	1,039
1.3	From securities	2,753
1.4	From loans	34,933
1.5	Other interest income	1,535
2	Interest expense	19,420
2.1	Interest expense on current account	–
2.2	Interest expense on savings account	15,863
2.3	Interest expense on borrowed funds	1,302
2.4	Interest expense on securities	1,104
2.5	Other interest expense	1,151
3	NET INTEREST INCOME (1-2)	20,900
4	Provision expenses (provision reverse income)	2,216
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	2,216
5	Net interest income after provision [(3)-(4)]	18,684
6	Other income	13,250
6.1	Non-interest income	13,101
6.1.1	Trading income	8,236
6.1.2	Exchange and revaluation adjustment expense	4,273
6.1.3	Fees and commission income	588
6.1.4	Other non-interest income	4
6.2	Other income	149
7	Other expense	20,127
7.1	Non-interest expense	19,856
7.1.1	Other provision expense	–
7.1.2	Trade expense	5,315
7.1.3	Exchange and revaluation adjustment expense	4,290
7.1.4	Fees and commission expense	596
7.1.5	Other operating expense	9,655
7.2	Other expense	271
8	Profit Before Tax (5+6-7)	11,807
9	Income tax expense	1,981
10	Profit After Taxes (8-9)	9,826
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	9,826

(in millions of MNT)

OFF BALANCE SHEET	30/06/2022
Contingencies and commitments (net)	20,462

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA	Limit	30/06/2022
Tier 1 ratio	≥ 9%	29.4%
Capital adequacy ratio	≥ 12%	29.4%
Liquidity	≥ 25%	31.1%
Foreign currency open position ratio (by each currency)	< ±15%	-5.3%
Foreign currency open position ratio (total)	< ±30%	-9.2%

(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)			4.5%
1.1	Shareholders of the Bank	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	8,289	4.5%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)			18.3%
2.1	Shareholders of the Bank	Loan	100	0.1%
2.2	Key management personnel	Loan	279	0.2%
2.3	Other related parties	Loan	33,615	18.1%

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%