Category: Quarterly financial statements

Categories
Quarterly financial statements

2024 year IV quarter

STATEMENT OF FINANCIAL POSITION

(MNT million)

1 ASSETS
1.1 Cash and cash equivalents

                          196,477
1.2 Due from banks and financial institutions

                            70,253
1.3 Financial investments

                          125,530
1.4 Loans and advances to customers (net)

                          636,839
1.4.1      Performing loans

                          619,776
1.4.2      Non-performing loans

                            59,125
1.4.3      Deferred loan payment

                                (103)
1.4.4      Accrued interest receivable

                               9,425
1.4.5      Loan loss provision

                          (51,384)
1.5 Derivative financial assets

                                  909
1.6 Other financial assets

                                  559
1.7 Other non-financial assets

                            33,092
1.8 Fixed assets

                            16,531
1.9 Properties held for sale

                            17,749
1.1 Intangible assets

                            12,927
1.11 Total assets

                      1,110,866

2 LIABILITIES
2.1 Current accounts

                            69,976
2.2 Savings accounts

                          505,198
2.3 Due to banks and financial institutions

                          177,796
2.4 Other funds

                          131,114
2.5 Derivative financial liabilities

                               2,109
2.6 Other liabilities

                            16,113
2.7 Total liabilities

                          902,306

3 EQUITY
3.1 Share capital

                          146,474
3.2 Share premium

                            15,647
3.3 Treasury shares

                            (7,032)
3.4 Retained earnings

                            53,434
3.5 Other reserves

                                     37
3.6 Total equity

                          208,560

4 TOTAL LIABILITIES AND EQUITY

                      1,110,866

(MNT million)

OFF BALANCE SHEET
Contingencies and commitments (net)  

                            13,808

 

INCOME STATEMENT

(MNT million)

1 Interest income

                          135,108

1.1      From Bank of Mongolia

                                  232
1.2      From banks and financial institutions

                                  873
1.3      From securities

                               7,815
1.4      From loans

                          124,115
1.5      Other interest income

                               2,073
2 Interest expense

                            86,845

2.1      Interest expense on current accounts

                               1,335
2.2      Interest expense on savings accounts

                            59,729
2.3      Interest expense on borrowed funds

                            20,195
2.4      Interest expense on securities

                                  404
2.5      Other interest expenses

                               5,182
3 Net interest income (1-2)

                            48,263

4 Provision expense

                            13,429

4.1      Deposits at banks and financial institutions

                                     23
4.2      Securities

                                      –
4.3      Loans

                            13,406
5 Net income after provision (3-4)

                            34,834

6 Other income

                            27,824

6.1 Non-interest income

                            27,577

6.1.1      Trading income

                            11,201
6.1.2      Foreign exchange and revaluation income

                            13,346
6.1.3      Fees and commission income

                               1,567
6.1.4      Other non-interest income

                               1,463
6.2 Other income, gain

                                  247
7 Other expenses

                            48,146

7.1 Non-interest expenses

                            46,977

7.1.1      Other provision expense

                               1,947
7.1.2      Trading expense

                               4,178
7.1.3      Foreign exchange and revaluation expense

                            12,751
7.1.4      Fees and commission expense

                               1,619
7.1.5      Other operating expenses

                            26,482
7.2 Other expenses, losses

                               1,169
8 Profit Before Tax (5+6-7)

                            14,512

9 Income tax expense

                               2,842
10 Net profit for the year (8-9)

                            11,670

11 Other comprehensive income

                                  (62)
12 Total comprehensive income for the year (10+11)

                            11,608

 

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA LIMIT PERFORMANCE
Tier 1 capital ratio

≥ 9%

25.2%
Capital adequacy ratio

≥ 12%

25.2%
Liquidity ratio

≥ 25%

31.8%
Foreign currency open position ratio (single currency)

< ±15%

8.2%
Foreign currency open position ratio (total)

< ±30%

12.3%

 

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)

2.9%
1.1 Bank shareholders

–

–

–
1.2 Key management personnel

–

–

–
1.3 Other related parties

Loan

6,057

2.9%
2 Total loans and advances to related parties (less than 20% of total equity)

10.6%
2.1 Bank shareholders

Loan

100

0.0%
2.2 Key management personnel

Loan

1,090

0.5%
2.3 Other related parties

Loan

20,939

10.0%

 

Categories
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%
Categories
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%
Categories
Home Quarterly financial statements

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%
Categories
Quarterly financial statements

2023 year IV quarter

STATEMENT OF FINANCIAL POSITION

(MNT million)

1 ASSETS
1.1 Cash and cash equivalents

328,921
1.2 Due from banks and financial institutions

78,448
1.3 Financial investments

62,678
1.4 Loans and advances to customers (net)

671,768
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

(37,992)
1.5 Derivative financial assets

2,443
1.6 Other financial assets

318
1.7 Other non-financial assets

10,065
1.8 Fixed assets

19,603
1.9 Properties held for sale

26,184
1.1 Intangible assets

13,067
1.11 Total assets

1,213,495
2 LIABILITIES
2.1 Current accounts

92,072
2.2 Savings accounts

482,662
2.3 Due to banks and financial institutions

368,298
2.4 Other funds

47,667
2.5 Derivative financial liabilities

3,409
2.6 Other liabilities

22,488
2.7 Total liabilities

1,016,596
3 EQUITY
3.1 Share capital

146,474
3.2 Share premium

15,647
3.3 Treasury shares

(7,032)
3.4 Retained earnings

41,711
3.5 Other reserves

99
3.6 Total equity

196,899
4 TOTAL LIABILITIES AND EQUITY

1,213,495

(MNT million)

OFF BALANCE SHEET
Contingencies and commitments (net)

                            16,670

INCOME STATEMENT

(MNT million)

1 Interest income

                          117,629

1.1      From Bank of Mongolia

      1,848
1.2      From banks and financial institutions

       3,404
1.3      From securities

          7,766
1.4      From loans

     100,867
1.5      Other interest income

        3,744
2 Interest expense

        74,556

2.1 Interest expense on current accounts

      1,878
2.2 Interest expense on savings accounts

            61,858
2.3 Interest expense on borrowed funds

      2,933
2.4 Interest expense on securities

      1,051
2.5 Other interest expenses

                          6,836
3 Net interest income (1-2)

   43,073

4 Provision expense

    8,831

4.1 Deposits at banks and financial institutions

        252
4.2 Securities

      40
4.3 Loans

             8,539
5 Net income after provision (3-4)

      34,242

6 Other income

     31,858

6.1 Non-interest income                             31,115
6.1.1 Trading income

          14,230
6.1.2 Foreign exchange and revaluation income

               15,272
6.1.3 Fees and commission income

       1,307
6.1.4 Other non-interest income

         306
6.2 Other income, gain

       743
7 Other expenses

   53,991

7.1 Non-interest expenses

      53,762

7.1.1 Other provision expense

                381
7.1.2 Trading expense

       10,974
7.1.3 Foreign exchange and revaluation expense

  14,939
7.1.4 Fees and commission expense

         1,499
7.1.5 Other operating expenses

     25,969
7.2 Other expenses, losses

       229
8 Profit Before Tax (5+6-7)

                            12,109

9 Income tax expense

      1,484
10 Net profit for the year (8-9)

     10,625

11 Other comprehensive income

          52
12 Total comprehensive income for the year (10+11)

     10,677

 

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%

 

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

    6,351

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%
Categories
Quarterly financial statements

2023 year III quarter

STATEMENT OF FINANCIAL POSITION

(MNT million)

1 ASSETS
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

20,019
1.9 Properties held for sale

14,184
1.1 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 Retained earnings

35,419
3.5 Other reserves

58
3.6 Total equity

190,566
4 TOTAL LIABILITIES AND EQUITY

1,016,906

(MNT million)

OFF BALANCE SHEET
Contingencies and commitments (net)

         14,848

INCOME STATEMENT

(MNT million)

1 Interest income

     80,756

1.1      From Bank of Mongolia

        1,747
1.2      From banks and 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 expenses

            5,413
3 Net interest income (1-2)

   26,474

4 Provision expense

     6,044

4.1      Deposits at banks and financial institutions

            –
4.2      Securities

           –
4.3      Loans

           6,044
5 Net 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, gain

              105
7 Other expenses

          39,472

7.1 Non-interest expenses

           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 expenses

          18,711
7.2 Other expenses, losses

       290
8 Profit Before Tax (5+6-7)

         4,496

9 Income tax expense

                211
10 Net profit for the year (8-9)

            4,285

11 Other comprehensive income

                   –
12 Total comprehensive income for the year (10+11)

         4,285

 

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%

29.0%
Foreign currency open position ratio (single currency)

< ±15%

1.8%
Foreign currency open position ratio (total)

< ±30%

4.5%

 

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

         6,353

3.3%
2 Total loans and advances to related parties (less than 20% of total equity)

13.6%
2.1 Bank shareholders

Loan

      100

0.1%
2.2 Key management personnel

Loan

             415

0.2%
2.3 Other related parties

Loan

        25,456

13.4%
Categories
Quarterly financial statements

2023 year II quarter

STATEMENT OF FINANCIAL POSITION

(MNT million)

1 ASSETS
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                             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 institutions                          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 Retained earnings            34,026
3.5 Other reserves        58
3.6 Total equity                          189,173
4 TOTAL LIABILITIES AND EQUITY                          975,373

(MNT million)

OFF BALANCE SHEET
Contingencies and commitments (net)                             12,164

INCOME STATEMENT

(MNT million)

1 Interest income      54,870
1.1      From Bank of Mongolia             1,604
1.2      From banks and 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 expenses        5,524
3 Net interest income (1-2)      18,444
4 Provision expense   4,992
4.1      Deposits at banks and financial institutions         –
4.2      Securities               –
4.3      Loans         4,992
5 Net 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, gain                88
7 Other expenses         27,248
7.1 Non-interest expenses          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 expenses            12,883
7.2 Other expenses, losses               160
8 Profit Before Tax (5+6-7)       3,159
9 Income tax expense               267
10 Net profit for the year (8-9)           2,892
11 Other comprehensive income        –
12 Total comprehensive income for the year (10+11)       2,892

 

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA LIMIT PERFORMANCE
Tier 1 capital 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%

 

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

    –

               –

                               –
1.2 Key management personnel

            –

        –

             –
1.3 Other related parties

Loan

                6,143

3.2%
2 Total loans and advances to related parties (less than 20% of total equity)

13.9%
2.1 Bank shareholders

Loan

           100

0.1%
2.2 Key management personnel

Loan

                 426

0.2%
2.3 Other related parties

Loan

   25,702

13.6%
Categories
Quarterly financial statements

2023 year I quarter

STATEMENT OF FINANCIAL POSITION

(MNT million)

1 ASSETS
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
1.4.2      Non-performing loans

76,442
1.4.3      Deferred loan payment

(134)
1.4.4      Accrued interest receivable

14,405
1.4.5      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

24,351
1.10 Intangible assets

10,401
1.11 Total assets

1,104,529
2 LIABILITIES
2.1 Current accounts

90,942
2.2 Savings accounts

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 Retained earnings

34,670
3.5 Other reserves

57
3.6 Total equity

189,816
4 TOTAL LIABILITIES AND EQUITY

1,104,529

(MNT million)

OFF BALANCE SHEET
Contingencies and commitments (net)                               9,149

INCOME STATEMENT

1 Interest income          28,666
1.1      From Bank of Mongolia   1,450
1.2      From banks and 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 accounts                  436
2.2      Interest expense on savings accounts            13,279
2.3      Interest expense on borrowed funds                 536
2.4      Interest expense on securities            490
2.5 Other interest expenses         2,889
3 Net interest income (1-2)     11,036
4 Provision expense               2,168
4.1      Deposits at banks and financial institutions                 –
4.2      Securities                     –
4.3      Loans          2,168
5 Net 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      Foreign exchange and revaluation income           4,365
6.1.3      Fees and commission income         409
6.1.4      Other non-interest income            45
6.2 Other income, gain              60
7 Other expenses            12,273
7.1 Non-interest expenses  12,242
7.1.1      Other provision expense               158
7.1.2      Trading expense           2,407
7.1.3      Foreign exchange and revaluation expense           3,082
7.1.4      Fees and commission expense               472
7.1.5      Other operating expenses           6,123
7.2 Other expenses, losses                    31
8 Profit Before Tax (5+6-7)     3,736
9 Income tax expense              200
10 Net profit for the year (8-9)        3,536
11 Other comprehensive income                    –
12 Total comprehensive income for the year (10+11)      3,536

 

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA LIMIT PERFORMANCE
Tier 1 capital ratio ≥ 9% 26.7%
Capital adequacy ratio ≥ 12% 26.7%
Liquidity ratio ≥ 25% 37.6%
Foreign currency open position ratio (single currency) < ±15% 4.8%
Foreign currency open position ratio (total) < ±30% 5.2%

 

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  6,315 3.3%
2 Total loans and advances to related parties (less than 20% of total equity) 14.3%
2.1 Bank shareholders Loan          100 0.1%
2.2 Key management personnel Loan        1,344 0.7%
2.3 Other related parties Loan     25,636 13.5%