Category: Quarterly financial statements

As of June 30, 2024

Post author By Sharavjamts e
Post date July 5, 2024

(MNT million)

STATEMENT OF FINANCIAL POSITION		31/12/2023		30/06/2024
1	ASSETS
1.1	Cash and cash equivalents		328,921	185,800
1.2	Due from banks and financial institutions		78,448	39,169
1.3	Financial investments		62,678	7,359
1.4	Loans and advances to customers (net)		671,768	642,972
1.4.1	Performing loans		632,883	612,821
1.4.2	Non-performing loans		62,023	58,444
1.4.3	Deferred loan payment		(159)	(140)
1.4.4	Accrued interest receivable		15,013	13,112
1.4.5	Loan loss provision		(37,992)	(41,265)
1.5	Derivative financial assets		2,443	1,676
1.6	Other financial assets		318	455
1.7	Other non-financial assets		10,065	13,121
1.8	Fixed assets		19,603	17,592
1.9	Properties held for sale		26,184	17,799
1.1	Intangible assets		13,067	13,511
1.11	Total assets		1,213,495	939,454
2	LIABILITIES
2.1	Current accounts		92,072	40,476
2.2	Savings accounts		482,662	347,440
2.3	Due to banks and financial instituitions		368,298	307,598
2.4	Other funds		47,667	14,162
2.5	Derivative financial liabilities		3,409	2,990
2.6	Other liabilities		22,488	24,340
2.7	Total liabilities		1,016,596	737,006
3	EQUITY
3.1	Share capital		146,474	146,474
3.2	Share premium		15,647	15,647
3.3	Treasury shares		(7,032)	(7,032)
3.4	Retained earnings		41,711	47,260
3.5	Other reserves		99	99
3.6	Total equity		196,899	202,448
4	TOTAL LIABILITIES AND EQUITY		1,213,495	939,454

(MNT million)

OFF BALANCE SHEET
Contingencies and commitments (net)	16,760	11,553

(MNT million)

INCOME STATEMENT		31/12/2023	30/06/2024
1	Interest income	117,629	62,130
1.1	From Bank of Mongolia	1,848	118
1.2	From banks and financial institutions	3,404	573
1.3	From securities	7,766	4,142
1.4	From loans	100,867	56,158
1.5	Other interest income	3,744	1,139
2	Interest expense	74,556	42,128
2.1	Interest expense on current accounts	1,878	826
2.2	Interest expense on savings accounts	61,858	28,503
2.3	Interest expense on borrowed funds	2,933	9,844
2.4	Interest expense on securities	1,051	283
2.5	Other interest expenses	6,836	2,672
3	Net interest income (1-2)	43,073	20,002
4	Provision expense	8,831	3,363
4.1	Deposits at banks and financial institutions	252	–
4.2	Securities	40	–
4.3	Loans	8,539	3,363
5	Net income after provision (3-4)	34,242	16,639
6	Other income	31,858	12,381
6.1	Non-interest income	31,115	12,246
6.1.1	Trading income	14,230	4,921
6.1.2	Foreign exchange and revaluation income	15,272	6,448
6.1.3	Fees and commission income	1,307	760
6.1.4	Other non-interest income	306	117
6.2	Other income, gain	743	135
7	Other expenses	53,991	22,797
7.1	Non-interest expenses	53,762	22,468
7.1.1	Other provision expense	381	925
7.1.2	Trading expense	10,974	2,138
7.1.3	Foreign exchange and revaluation expense	14,939	5,975
7.1.4	Fees and commission expense	1,499	800
7.1.5	Other operating expenses	25,969	12,630
7.2	Other expenses, losses	229	329
8	Profit Before Tax (5+6-7)	12,109	6,223
9	Income tax expense	1,484	674
10	Net profit for the year (8-9)	10,625	5,549
11	Other comprehensive income	52	–
12	Total comprehensive income for the year (10+11)	10,677	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		31/12/2023	31/03/2024
1	ASSETS
1.1	Cash and cash equivalents	328,921	217,295
1.2	Due from banks and financial institutions	78,448	72,350
1.3	Financial investments	62,678	72,145
1.4	Loans and advances to customers (net)	671,768	680,793
1.4.1	Performing loans	632,883	647,070
1.4.2	Non-performing loans	62,023	58,622
1.4.3	Deferred loan payment	(159)	(159)
1.4.4	Accrued interest receivable	15,013	15,776
1.4.5	Loan loss provision	(37,992)	(40,516)
1.5	Derivative financial assets	2,443	2,325
1.6	Other financial assets	318	569
1.7	Other non-financial assets	10,065	15,204
1.8	Fixed assets	19,603	19,142
1.9	Properties held for sale	26,184	26,184
1.10	Intangible assets	13,067	13,215
1.11	Total assets	1,213,495	1,119,222
2	LIABILITIES
2.1	Current accounts	92,072	82,796
2.2	Savings accounts	482,662	491,964
2.3	Due to banks and financial instituitions	368,298	234,434
2.4	Other funds	47,667	78,281
2.5	Derivative financial liabilities	3,409	3,354
2.6	Other liabilities	22,488	25,835
2.7	Total liabilities	1,016,596	916,664
3	EQUITY
3.1	Share capital	146,474	146,474
3.2	Share premium	15,647	15,647
3.3	Treasury shares	(7,032)	(7,032)
3.4	Retained earnings	41,711	47,370
3.5	Other reserves	99	99
3.6	Total equity	196,899	202,558
4	TOTAL LIABILITIES AND EQUITY	1,213,495	1,119,222

(MNT million)

OFF BALANCE SHEET
Contingencies and commitments (net)	16,760	16,091

(MNT million)

INCOME STATEMENT		31/12/2023	31/03/2024
1	Interest income	117,629	35,199
1.1	From Bank of Mongolia	1,848	56
1.2	From banks and financial institutions	3,404	337
1.3	From securities	7,766	3,017
1.4	From loans	100,867	31,254
1.5	Other interest income	3,744	535
2	Interest expense	74,556	21,417
2.1	Interest expense on current accounts	1,878	558
2.2	Interest expense on savings accounts	61,858	17,808
2.3	Interest expense on borrowed funds	2,933	1,515
2.4	Interest expense on securities	1,051	201
2.5	Other interest expenses	6,836	1,335
3	Net interest income (1-2)	43,073	13,782
4	Provision expense	8,831	2,626
4.1	Deposits at banks and financial institutions	252	–
4.2	Securities	40	–
4.3	Loans	8,539	2,626
5	Net income after provision (3-4)	34,242	11,156
6	Other income	31,858	8,057
6.1	Non-interest income	31,115	7,973
6.1.1	Trading income	14,230	1,912
6.1.2	Foreign exchange and revaluation income	15,272	5,598
6.1.3	Fees and commission income	1,307	379
6.1.4	Other non-interest income	306	84
6.2	Other income, gain	743	84
7	Other expenses	53,991	13,004
7.1	Non-interest expenses	53,762	12,896
7.1.1	Other provision expense	381	–
7.1.2	Trading expense	10,974	1,390
7.1.3	Foreign exchange and revaluation expense	14,939	4,963
7.1.4	Fees and commission expense	1,499	305
7.1.5	Other operating expenses	25,969	6,238
7.2	Other expenses, losses	229	108
8	Profit Before Tax (5+6-7)	12,109	6,209
9	Income tax expense	1,484	549
10	Net profit for the year (8-9)	10,625	5,660
11	Other comprehensive income	52	–
12	Total comprehensive income for the year (10+11)	10,677	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

As of December 31, 2023

Post author By Nasantsatsral B
Post date January 23, 2024

(MNT million)

STATEMENT OF FINANCIAL POSITION		31/12/2022	31/12/2023 (Unaudited)
1	ASSETS
1.1	Cash and cash equivalents	483,493	353,296
1.2	Due from banks and financial institutions	69,136	78,448
1.3	Financial investments	12,279	62,678
1.4	Loans and advances to customers (net)	556,701	672,435
1.4.1	Performing loans	497,794	632,883
1.4.2	Non-performing loans	77,125	62,023
1.4.3	Deferred loan payment	(140)	(159)
1.4.4	Accrued interest receivable	11,399	15,013
1.4.5	Loan loss provision	(29,477)	(37,325)
1.5	Derivative financial assets	3,813	2,443
1.6	Other financial assets	694	703
1.7	Other non-financial assets	3,274	20,906
1.8	Fixed assets	22,125	19,603
1.9	Properties held for sale	–	14,902
1.10	Intangible assets	10,486	13,067
1.11	Total assets	1,162,001	1,238,481
2	LIABILITIES
2.1	Current accounts	120,912	92,072
2.2	Savings accounts	400,133	482,662
2.3	Due to banks and financial instituitions	404,291	368,160
2.4	Other funds	20,560	47,667
2.5	Derivative financial liabilities	5,840	3,409
2.6	Other liabilities	24,042	47,456
2.7	Total liabilities	975,778	1,041,426
3	EQUITY
3.1	Share capital	146,474	146,474
3.2	Share premium	15,647	15,647
3.3	Treasury shares	(7,032)	(7,032)
3.4	Retained earnings	30,030	41,867
3.5	Other reserves	1,104	99
3.6	Total equity	186,223	197,055
4	TOTAL LIABILITIES AND EQUITY	1,162,001	1,238,481

OFF BALANCE SHEET
Contingencies and commitments (net)	11,078	16,760

(MNT million)

INCOME STATEMENT		31/12/2022	31/12/2023 (Unaudited)
1	Interest income	84,938	117,621
1.1	From Bank of Mongolia	415	1,847
1.2	From banks and financial institutions	2,582	3,397
1.3	From securities	4,372	7,766
1.4	From loans	72,480	100,867
1.5	Other interest income	5,089	3,744
2	Interest expense	45,956	74,205
2.1	Interest expense on current accounts	–	1,877
2.2	Interest expense on savings accounts	37,816	61,858
2.3	Interest expense on borrowed funds	2,378	2,940
2.4	Interest expense on securities	1,711	1,052
2.5	Other interest expenses	4,051	6,478
3	Net interest income (1-2)	38,982	43,416
4	Provision expense	9,190	8,177
4.1	Deposits at banks and financial institutions	768	252
4.2	Securities	69	6
4.3	Loans	8,353	7,919
5	Net income after provision (3-4)	29,792	35,239
6	Other income	31,544	31,202
6.1	Non-interest income	31,100	31,072
6.1.1	Trading income	19,213	14,229
6.1.2	Foreign exchange and revaluation income	10,497	15,271
6.1.3	Fees and commission income	1,390	1,307
6.1.4	Other non-interest income	–	265
6.2	Other income, gain	444	130
7	Other expenses	47,704	53,850
7.1	Non-interest expenses	47,157	53,620
7.1.1	Other provision expense	58	–
7.1.2	Trading expense	15,191	10,974
7.1.3	Foreign exchange and revaluation expense	9,376	14,939
7.1.4	Fees and commission expense	1,150	1,512
7.1.5	Other operating expenses	21,382	26,195
7.2	Other expenses, losses	547	230
8	Profit Before Tax (5+6-7)	13,632	12,591
9	Income tax expense	2,944	1,858
10	Net profit for the year (8-9)	10,688	10,733
11	Other comprehensive income	(76)	52
12	Total comprehensive income for the year (10+11)	10,612	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		31/12/2022	30/09/2023
1	Asset
1.1	Cash and cash equivalents	483,493	212,146
1.2	Due from banks and financial institutions	69,136	69,464
1.3	Financial investments	12,279	47,977
1.4	Loans and advances to customers (net)	556,701	622,451
1.4.1	Performing loans	497,794	564,519
1.4.2	Non-performing loans	77,125	81,232
1.4.3	Deferred loan payment	(140)	(173)
1.4.4	Accrued interest receivable	11,399	12,368
1.4.5	Loan Loss Provision	(29,477)	(35,495)
1.5	Derivative financial assets	3,813	1,779
1.6	Other financial assets	694	692
1.7	Other non-financial assets	3,274	15,242
1.8	Fixed assets (net)	22,125	21,710
1.9	Properties held for sale	–	14,184
1.10	Intangible assets	10,486	12,952
1.11	Total assets	1,162,001	1,016,906
2	Liabilities
2.1	Current accounts	120,912	77,018
2.2	Savings accounts	400,133	468,980
2.3	Due to banks and financial institutions	404,291	210,370
2.4	Other funds	20,560	34,960
2.5	Derivative financial liabilities	5,840	2,516
2.6	Other liabilities	24,042	32,496
2.7	Total liabilities	975,778	826,340
3	Equity
3.1	Share capital	146,474	146,474
3.2	Share premium	15,647	15,647
3.3	Treasury shares	(7,032)	(7,032)
3.4	Revaluation surplus	–	–
3.5	Retained earnings /loss	30,030	35,419
3.6	Other reserves	1,104	58
4	Total equity	186,223	190,566
5	Total liabilities and equity	1,162,001	1,016,906

(MNT million)

Income statement		31/12/2022	30/09/2023
1	Interest income	84,938	80,756
1.1	From Bank of Mongolia	415	1,747
1.2	From other banks & financial institutions	2,582	2,596
1.3	From securities	4,372	5,320
1.4	From loans	72,480	67,595
1.5	Other interest income	5,089	3,498
2	Interest expense	45,956	54,282
2.1	Interest expense on current accounts	–	1,394
2.2	Interest expense on savings accounts	37,816	44,869
2.3	Interest expense on borrowed funds	2,378	1,693
2.4	Interest expense on securities	1,711	913
2.5	Other interest expense	4,051	5,413
3	Net interest income (1-2)	38,982	26,474
4	Provision expenses (provision reverse income)	9,190	6,044
4.1	Deposits at other banks and financial institutions	768	–
4.2	Securities	69	–
4.3	Loans	8,353	6,044
5	Net interest income after provision [(3)-(4)]	29,792	20,430
6	Other income	31,544	23,538
6.1	Non-interest income	31,100	23,433
6.1.1	Trading income	19,213	11,017
6.1.2	Foreign exchange and revaluation income	10,497	11,445
6.1.3	Fees and commission income	1,390	926
6.1.4	Other non-interest income	–	45
6.2	Other income	444	105
7	Other expense	47,704	39,472
7.1	Non-interest expense	47,157	39,182
7.1.1	Other provision expense	58	9
7.1.2	Trading expense	15,191	8,753
7.1.3	Foreign exchange and revaluation expense	9,376	10,727
7.1.4	Fees and commission expense	1,150	982
7.1.5	Other operating expense	21,382	18,711
7.2	Non-operating expense	547	290
8	Profit before tax (5+6-7)	13,632	4,496
9	Income tax expense	2,944	211
10	Profit after tax (8-9)	10,688	4,285
11	Other comprehensive income	(76)	–
12	Total comprehensive income for the year (10+11)	10,612	4,285

(MNT million)

Off balance sheet items			31/12/2022	30/09/2023
Contingencies and commitments (net)			11,078	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		31/12/2022	30/06/2023
1	Asset
1.1	Cash and cash equivalents	483,493	225,711
1.2	Due from banks and financial institutions	69,136	62,780
1.3	Financial investments	12,279	37,151
1.4	Loans and advances to customers (net)	556,701	583,776
1.4.1	Performing loans	497,794	529,894
1.4.2	Non-performing loans	77,125	74,564
1.4.3	Deferred loan payment	(140)	(152)
1.4.4	Accrued interest receivable	11,399	13,899
1.4.5	Loan Loss Provision	(29,477)	(34,429)
1.5	Derivative financial assets	3,813	1,197
1.6	Other financial assets	694	558
1.7	Other non-financial assets	3,274	16,000
1.8	Fixed assets (net)	22,125	21,710
1.9	Properties held for sale	–	14,184
1.10	Intangible assets	10,486	12,306
1.11	Total assets	1,162,001	975,373
2	Liabilities
2.1	Current accounts	120,912	70,651
2.2	Savings accounts	400,133	422,334
2.3	Due to banks and financial instituitions	404,291	233,108
2.4	Other funds	20,560	21,290
2.5	Derivative financial liabilities	5,840	662
2.6	Other liabilities	24,042	38,155
2.7	Total liabilities	975,778	786,200
3	Equity
3.1	Share capital	146,474	146,474
3.2	Share premium	15,647	15,647
3.3	Treasury shares	(7,032)	(7,032)
3.4	Revaluation surplus	–	–
3.5	Retained earnings /loss	30,030	34,026
3.6	Other reserves	1,104	58
4	Total equity	186,223	189,173
5	Total liabilities and equity	1,162,001	975,373

(MNT million)

Income statement		31/12/2022	30/06/2023
1	Interest income	84,938	54,870
1.1	From Bank of Mongolia	415	1,604
1.2	From other banks & financial institutions	2,582	1,666
1.3	From securities	4,372	3,806
1.4	From loans	72,480	43,705
1.5	Other interest income	5,089	4,089
2	Interest expense	45,956	36,426
2.1	Interest expense on current accounts	–	943
2.2	Interest expense on savings accounts	37,816	28,164
2.3	Interest expense on borrowed funds	2,378	1,027
2.4	Interest expense on securities	1,711	768
2.5	Other interest expense	4,051	5,524
3	Net interest income (1-2)	38,982	18,444
4	Provision expenses (provision reverse income)	9,190	4,992
4.1	Deposits at other banks and financial institutions	768	–
4.2	Securities	69	–
4.3	Loans	8,353	4,992
5	Net interest income after provision [(3)-(4)]	29,792	13,452
6	Other income	31,544	16,955
6.1	Non-interest income	31,100	16,867
6.1.1	Trading income	19,213	8,252
6.1.2	Foreign exchange and revaluation income	10,497	7,929
6.1.3	Fees and commission income	1,390	641
6.1.4	Other non-interest income	–	45
6.2	Other income	444	88
7	Other expense	47,704	27,248
7.1	Non-interest expense	47,157	27,088
7.1.1	Other provision expense	58	230
7.1.2	Trading expense	15,191	7,190
7.1.3	Foreign exchange and revaluation expense	9,376	6,048
7.1.4	Fees and commission expense	1,150	737
7.1.5	Other operating expense	21,382	12,883
7.2	Non-operating expense	547	160
8	Profit before tax (5+6-7)	13,632	3,159
9	Income tax expense	2,944	267
10	Profit after tax (8-9)	10,688	2,892
11	Other comprehensive income	(76)	–
12	Total comprehensive income for the year (10+11)	10,612	2,892

(MNT million)

Off balance sheet items	31/12/2022	30/06/2023
Contingencies and commitments (net)	11,078	12,164

Prudential ratios by the Bank of Mongolia	Limit	30/06/2023
Tier 1 ratio	≥ 9%	26.0%
Capital adequacy ratio	≥ 12%	26.0%
Liquidity ratio	≥ 25%	29.8%
Foreign currency open position ratio (single currency)	< ±15%	5.2%
Foreign currency open position ratio (total)	< ±30%	10.9%

(MNT million)

Related parties		Category of assets	Outstanding balance	% in total Equity
1	Loans and other equivalent assets provided to a related party (less than 5% of capital)			3.2%
1.1	Shareholders	–	–	0.0%
1.2	Management	–	–	0.0%
1.3	Other related parties	Loan	6,143	3.2%
2	Total Loans and other equivalent assets provided to related parties (less than 20% of capital)			13.9%
2.1	Shareholders	Loan	100	0.1%
2.2	Management	Loan	426	0.2%
2.3	Other related parties	Loan	25,702	13.6%

Quarterly financial statements

As of March 31, 2023

Post author By Nasantsatsral B
Post date April 18, 2023

(MNT million)

Balance sheet		31/12/2022	31/03/2023
1	ASSET
1.1	Cash and cash equivalents	483,493	313,498
1.2	Due from banks and financial institutions	69,136	75,269
1.3	Financial investments	12,279	89,237
1.4	Loans and advances to customers (net)	556,701	567,373
1.4.1	Performing loans	497,794	508,338
1.4.3	Non-performing loans	77,125	76,442
1.4.4	Deferred loan payment	(140)	(134)
1.4.5	Accrued interest receivable	11,399	14,405
1.4.6	Loan Loss Provision	(29,477)	(31,678)
1.5	Derivative financial assets	3,813	4,412
1.6	Other financial assets	694	536
1.7	Other non-financial assets	3,274	19,452
1.8	Fixed assets (net)	22,125	24,351
1.9	Intangible assets	10,486	10,401
1.10	Total assets	1,162,001	1,104,529
2	Liabilities
2.1	Current account	120,912	90,942
2.2	Savings account	400,133	439,542
2.3	Due to banks and financial institutions	404,291	339,762
2.4	Other funds	20,560	20,703
2.5	Derivative financial liabilities	5,840	5,743
2.6	Other liabilities	24,042	18,021
2.7	Total liabilities	975,778	914,713
3	Equity
3.1	Share capital	146,474	146,474
3.2	Share premium	15,647	15,647
3.3	Treasury shares	(7,032)	(7,032)
3.4	Revaluation surplus	–	–
3.5	Retained earnings /loss/	30,030	34,670
3.6	Other reserves	1,104	57
4	Total equity	186,223	189,816
5	Total liabilities and equity	1,162,001	1,104,529

(MNT million)

Income statement		31/12/2022	31/03/2023
1	Interest income	84,938	28,666
1.1	From Bank of Mongolia	415	1,450
1.2	Other banks & financial institutions	2,582	714
1.3	From securities	4,372	1,801
1.4	From loans	72,480	22,442
1.5	Other interest income	5,089	2,259
2	Interest expense	45,956	17,630
2.1	Interest expense on current account	–	436
2.2	Interest expense on savings account	37,816	13,279
2.3	Interest expense on borrowed funds	2,378	536
2.4	Interest expense on securities	1,711	490
2.5	Other interest expense	4,051	2,889
3	Net interest income (1-2)	38,982	11,036
4	Provision expenses (provision reverse income)	9,190	2,168
4.1	Deposits at other banks and financial institutions	768	–
4.2	Securities	69	–
4.3	Loans	8,353	2,168
5	Net interest income after provision [(3)-(4)]	29,792	8,868
6	Other income	31,544	7,141
6.1	Non-interest income	31,100	7,081
6.1.1	Trading income	19,213	2,262
6.1.2	Exchange and revaluation adjustment expense	10,497	4,365
6.1.3	Fees and commission income	1,390	409
6.1.4	Other non-interest income	–	45
6.2	Other income	444	60
7	Other expense	47,704	12,273
7.1	Non-interest expense	47,157	12,242
7.1.1	Other provision expense	58	158
7.1.2	Trade expense	15,191	2,407
7.1.3	Exchange and revaluation adjustment expense	9,376	3,082
7.1.4	Fees and commission expense	1,150	472
7.1.5	Other operating expense	21,382	6,123
7.2	Other expense	547	31
8	Profit Before Tax (5+6-7)	13,632	3,736
9	Income tax expense	2,944	200
10	Profit After Taxes (8-9)	10,688	3,536
11	Other comprehensive income	(76)	–
12	Total comprehensive income for the year (10+11)	10,612	3,536

(MNT million)

Off balance sheet items	31/12/2022	31/03/2023
Contingencies and commitments (net)	11,078	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		31/12/2021	31/12/2022
1	ASSET
1.1	Cash and cash equivalents	131,425	484,176
1.2	Due from banks and financial institutions	28,907	69,136
1.3	Financial investments	82,961	12,290
1.4	Loans and advances to customers (net)	423,569	549,812
1.4.1	Performing loans	425,169	490,950
1.4.2	Non-performing loans	11,722	77,125
1.4.3	Deferred loan payment	(126)	(140)
1.4.4	Accrued interest receivable	6,219	11,337
1.4.5	Loan Loss Provision	(19,415)	(29,460)
1.5	Derivative financial assets	36	3,416
1.6	Other financial assets	42	694
1.7	Other non-financial assets	34,630	3,369
1.8	Fixed assets (net)	11,459	22,988
1.9	Intangible assets	10,024	10,490
1.10	Total assets	723,053	1,156,371
2	LIABILITIES
2.1	Current account	58,149	120,912
2.2	Savings account	259,021	400,133
2.3	Due to banks and financial institutions	132,946	404,289
2.4	Other funds	82,048	20,560
2.5	Derivative financial liabilities	20	5,610
2.6	Other liabilities	8,165	18,409
2.7	Total liabilities	540,349	969,913
3	EQUITY
3.1	Share capital	146,474	146,474
3.2	Share premium	15,645	15,647
3.3	Treasury shares	–	(7,032)
3.4	Revaluation surplus	1	–
3.5	Retained earnings /loss/	20,446	30,255
3.6	Other reserves	138	1,114
4	Total equity	182,704	186,458
5	TOTAL LIABILITIES AND EQUITY	723,053	1,156,371

(in millions of MNT)

INCOME STATEMENT		31/12/2021	31/12/2022
1	Interest income	50,684	84,938
1.1	From Bank of Mongolia	132	415
1.2	From Other banks & financial institutions	855	2,582
1.3	From securities	4,493	4,372
1.4	From loans	44,370	72,480
1.5	Other interest income	834	5,089
2	Interest expense	24,882	45,939
2.1	Interest expense on current account	–	–
2.2	Interest expense on savings account	19,963	37,816
2.3	Interest expense on borrowed funds	1,948	2,376
2.4	Interest expense on securities	1,574	1,711
2.5	Other interest expense	1,397	4,036
3	NET INTEREST INCOME (1-2)	25,802	38,999
4	Provision expenses (provision reverse income)	599	9,225
4.1	Deposits at other banks and financial institutions	327	768
4.2	Securities	25	73
4.3	Loans	247	8,384
5	Net interest income after provision [(3)-(4)]	25,203	29,774
6	Other income	4,249	31,889
6.1	Non-interest income	4,249	31,440
6.1.1	Trading income	3,393	19,213
6.1.2	Exchange and revaluation adjustment expense	349	10,838
6.1.3	Fees and commission income	507	1,389
6.1.4	Other non-interest income	–	–
6.2	Other income	–	449
7	Other expense	15,559	48,238
7.1	Non-interest expense	15,194	47,591
7.1.1	Other provision expense	1	58
7.1.2	Trade expense	1,936	15,191
7.1.3	Exchange and revaluation adjustment expense	429	9,883
7.1.4	Fees and commission expense	462	1,108
7.1.5	Other operating expense	12,366	21,351
7.2	Other expense	365	647
8	Profit Before Tax (5+6-7)	13,893	13,425
9	Income tax expense	2,441	2,560
10	Profit After Taxes (8-9)	11,452	10,865
11	Other comprehensive income	92	(80)
12	Total comprehensive income for the year (10+11)	11,544	10,785

(in millions of MNT)

OFF BALANCE SHEET	31/12/2021	31/12/2022
Contingencies and commitments (net)	16,939	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		31/12/2021	30/09/2022
1	ASSET
1.1	Cash and cash equivalents	131,425	212,181
1.2	Due from banks and financial institutions	28,907	60,848
1.3	Financial investments	82,961	21,778
1.4	Loans and advances to customers (net)	423,569	510,101
1.4.1	Performing loans	416,828	434,219
1.4.2	Non-performing loans	11,722	92,120
1.4.3	Deferred loan payment	(126)	(118)
1.4.4	Accrued interest receivable	6,219	9,423
1.4.5	Loan Loss Provision	(19,415)	(25,544)
1.5	Derivative financial assets	36	2,515
1.6	Other financial assets	42	120
1.7	Other non-financial assets	34,630	86,279
1.8	Fixed assets (net)	11,459	12,249
1.9	Intangible assets	10,024	9,577
1.10	Total assets	723,053	915,647
2	LIABILITIES
2.1	Current account	58,149	102,051
2.2	Savings account	259,021	369,787
2.3	Due to banks and financial institutions	132,946	221,271
2.4	Other funds	82,048	26,075
2.5	Derivative financial liabilities	20	3,404
2.6	Other liabilities	8,165	6,694
2.7	Total liabilities	540,349	729,282
3	EQUITY
3.1	Share capital	146,474	146,474
3.2	Share premium	15,645	15,645
3.3	Treasury shares	–	(7,032)
3.4	Revaluation surplus	1	1
3.5	Retained earnings /loss/	20,446	24,092
3.6	Other reserves	138	7,184
4	Total equity	182,704	186,365
5	TOTAL LIABILITIES AND EQUITY	723,053	915,647

(in millions of MNT)

INCOME STATEMENT		31/12/2021	30/09/2022
1	Interest income	50,684	59,723
1.1	From Bank of Mongolia	132	89
1.2	From Other banks & financial institutions	855	1,525
1.3	From securities	4,493	3,612
1.4	From loans	44,370	51,530
1.5	Other interest income	834	2,968
2	Interest expense	24,882	30,329
2.1	Interest expense on current account	–	–
2.2	Interest expense on savings account	19,963	25,124
2.3	Interest expense on borrowed funds	1,948	1,818
2.4	Interest expense on securities	1,574	1,468
2.5	Other interest expense	1,397	1,918
3	NET INTEREST INCOME (1-2)	25,802	29,394
4	Provision expenses (provision reverse income)	599	4,807
4.1	Deposits at other banks and financial institutions	327	–
4.2	Securities	25	–
4.3	Loans	247	4,807
5	Net interest income after provision [(3)-(4)]	25,203	24,587
6	Other income	4,249	20,001
6.1	Non-interest income	4,249	19,761
6.1.1	Trading income	3,393	11,579
6.1.2	Exchange and revaluation adjustment expense	349	7,201
6.1.3	Fees and commission income	507	977
6.1.4	Other non-interest income	–	5
6.2	Other income	–	240
7	Other expense	15,559	31,735
7.1	Non-interest expense	15,194	31,401
7.1.1	Other provision expense	1	0
7.1.2	Trade expense	1,936	8,410
7.1.3	Exchange and revaluation adjustment expense	429	6,339
7.1.4	Fees and commission expense	462	855
7.1.5	Other operating expense	12,366	15,797
7.2	Other expense	365	334
8	Profit Before Tax (5+6-7)	13,893	12,853
9	Income tax expense	2,441	2,160
10	Profit After Taxes (8-9)	11,452	10,693
11	Other comprehensive income	92	–
12	Total comprehensive income for the year (10+11)	11,544	10,693

(in millions of MNT)

OFF BALANCE SHEET	31/12/2021	30/09/2022
Contingencies and commitments (net)	16,939	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		31/12/2021	30/06/2022
1	ASSET
1.1	Cash and cash equivalents	131,425	162,346
1.2	Due from banks and financial institutions	28,907	56,337
1.3	Financial investments	82,961	41,330
1.4	Loans and advances to customers (net)	423,569	494,759
1.4.1	Performing loans	416,828	491,699
1.4.2	Non-performing loans	11,722	15,638
1.4.3	Deferred loan payment	(126)	(147)
1.4.4	Accrued interest receivable	6,219	9,983
1.4.5	Loan Loss Provision	(19,415)	(22,414)
1.5	Derivative financial assets	36	1,318
1.6	Other financial assets	42	144
1.7	Other non-financial assets	34,630	58,518
1.8	Fixed assets (net)	11,459	12,585
1.9	Intangible assets	10,024	9,913
1.10	Total assets	723,053	837,249
2	LIABILITIES
2.1	Current account	58,149	111,974
2.2	Savings account	259,021	304,096
2.3	Due to banks and financial institutions	132,946	177,022
2.4	Other deposits	82,048	47,042
2.5	Derivative financial liabilities	20	2,255
2.6	Other liabilities	8,165	9,362
2.7	Total liabilities	540,349	651,751
3	EQUITY
3.1	Share capital	146,474	146,474
3.2	Share premium	15,645	15,645
3.3	Treasury shares	–	(7,032)
3.4	Revaluation surplus	1	1
3.5	Retained earnings /loss/	20,446	30,272
3.6	Other reserves	138	138
4	Total equity	182,704	185,498
5	TOTAL LIABILITIES AND EQUITY	723,053	837,249

(in millions of MNT)

INCOME STATEMENT		31/12/2021	30/06/2022
1	Interest income	50,684	40,320
1.1	From Bank of Mongolia	132	60
1.2	From Other banks & financial institutions	855	1,039
1.3	From securities	4,493	2,753
1.4	From loans	44,370	34,933
1.5	Other interest income	834	1,535
2	Interest expense	24,882	19,420
2.1	Interest expense on current account	–	–
2.2	Interest expense on savings account	19,963	15,863
2.3	Interest expense on borrowed funds	1,948	1,302
2.4	Interest expense on securities	1,574	1,104
2.5	Other interest expense	1,397	1,151
3	NET INTEREST INCOME (1-2)	25,802	20,900
4	Provision expenses (provision reverse income)	599	2,216
4.1	Deposits at other banks and financial institutions	327	–
4.2	Securities	25	–
4.3	Loans	247	2,216
5	Net interest income after provision [(3)-(4)]	25,203	18,684
6	Other income	4,249	13,250
6.1	Non-interest income	4,249	13,101
6.1.1	Trading income	3,393	8,236
6.1.2	Exchange and revaluation adjustment expense	349	4,273
6.1.3	Fees and commission income	507	588
6.1.4	Other non-interest income	–	4
6.2	Other income	–	149
7	Other expense	15,559	20,127
7.1	Non-interest expense	15,194	19,856
7.1.1	Other provision expense	1	–
7.1.2	Trade expense	1,936	5,315
7.1.3	Exchange and revaluation adjustment expense	429	4,290
7.1.4	Fees and commission expense	462	596
7.1.5	Other operating expense	12,366	9,655
7.2	Other expense	365	271
8	Profit Before Tax (5+6-7)	13,893	11,807
9	Income tax expense	2,441	1,981
10	Profit After Taxes (8-9)	11,452	9,826
11	Other comprehensive income	92	–
12	Total comprehensive income for the year (10+11)	11,544	9,826

(in millions of MNT)

OFF BALANCE SHEET	31/12/2021	30/06/2022
Contingencies and commitments (net)	16,939	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		31/12/2021	31/03/2022
1	ASSET
1.1	Cash and cash equivalents	131,425	197,690
1.2	Due from banks and financial institutions	28,907	40,602
1.3	Financial investments	82,961	45,898
1.4	Loans and advances to customers (net)	423,569	497,313
1.4.1	Performing loans	416,828	494,753
1.4.2	Non-performing loans	11,722	8,644
1.4.3	Deferred loan payment	(126)	(127)
1.4.4	Accrued interest receivable	6,219	11,274
1.4.5	Loan Loss Provision	(19,415)	(17,232)
1.5	Derivative financial assets	36	766
1.6	Other financial assets	42	49
1.7	Other non-financial assets	34,630	18,679
1.8	Fixed assets (net)	11,459	10,709
1.9	Intangible assets	10,024	9,957
1.10	Total assets	723,053	821,664
2	LIABILITIES
2.1	Current account	58,149	71,056
2.2	Savings account	259,021	299,479
2.3	Due to banks and financial instituitions	132,946	202,207
2.4	Other deposits	82,048	48,199
2.5	Derivative financial liabilities	20	1,136
2.6	Other liabilities	8,165	9,278
2.7	Total liabilities	540,349	631,356
3	EQUITY
3.1	Share capital	146,474	146,474
3.2	Share premium	15,645	15,645
3.3	Revaluation surplus	1	1
3.4	Retained earnings /loss/	20,446	28,050
3.5	Other reserves	138	138
3.6	Total equity	182,704	190,308
4	TOTAL LIABILITIES AND EQUITY	723,053	821,664

(in millions of MNT)

INCOME STATEMENT		31/12/2021	31/03/2022
1	Interest income	50,684	18,183
1.1	From Bank of Mongolia	132	8
1.2	From Other banks & financial institutions	855	442
1.3	From securities	4,493	1,574
1.4	From loans	44,370	15,693
1.5	Other interest income	834	465
2	Interest expense	24,879	9,007
2.1	Interest expense on current account	–	–
2.2	Interest expense on savings account	19,963	7,396
2.3	Interest expense on borrowed funds	1,948	530
2.4	Interest expense on securities	1,574	557
2.5	Other interest expense	1,397	524
3	NET INTEREST INCOME (1-2)	25,802	9,175
4	Provision expenses (provision reverse income)	599	–
4.1	Deposits at other banks and financial institutions	327	–
4.2	Securities	25	–
4.3	Loans	247	–
5	Net interest income after provision [(3)-(4)]	25,203	9,175
6	Other income	4,249	6,588
6.1	Non-interest income	4,249	6,509
6.1.1	Trading income	3,393	2,295
6.1.2	Exchange and revaluation adjustment expense	349	1,421
6.1.3	Fees and commission income	507	302
6.1.4	Other non-interest income	–	2,492
6.2	Other income	–	79
7	Other expense	15,559	7,359
7.1	Non-interest expense	15,194	7,264
7.1.1	Other provision expense	1	1
7.1.2	Trade expense	1,936	819
7.1.3	Exchange and revaluation adjustment expense	429	1,684
7.1.4	Fees and commission expense	462	304
7.1.5	Other operating expense	12,366	4,456
7.2	Other expense	365	95
8	Profit Before Tax (5+6-7)	13,893	8,405
9	Income tax expense	2,441	800
10	Profit After Taxes (8-9)	11,452	7,605
11	Other comprehensive income	92	–
12	Total comprehensive income for the year (10+11)	11,544	7,605

(in millions of MNT)

OFF BALANCE SHEET	31/12/2021	31/03/2022
Contingencies and commitments (net)	16,939	13,679

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA	LIMIT	31/03/2022
Tier 1 ratio	≥9.0%	26.7%
Capital adequacy ratio	≥12.0%	26.7%
Liquidity	≥25.0%	26.9%
Foreign currency open position ratio (by each currency)	< ± 15.0%	-2.2%
Foreign currency open position ratio (total)	< ± 30.0%	-2.8%

(in millions of MNT)

RELATED PARTIES		CATEGARY OF ASSETS	BALANCE	% IN TOTAL EQUITY
1	Loans and other equivalent asset provided to a related party (less than 5% of capital)			4.4%
1.1.	Shareholders of the Bank	–	–	0.0%
1.2.	Key management personnel	–	–	0.0%
1.3.	Other related parties	Loan	8,329	4.4%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)			18.0%
2.1.	Shareholders of the Bank	Loan	100	0.1%
2.2.	Key management personnel	Loan	313	0.2%
2.3.	Other related parties	Loan	33,741	17.7%

Quarterly financial statements

Year-2021 Quarter- 4

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


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

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



PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA			Limit	31/12/2021
Tier 1 ratio			≥ 9%	32.0%
Capital adequacy ratio			≥ 12%	32.0%
Liquidity			≥ 25%	32.9%
Foreign currency open position ratio (by each currency)			< ±15%	-2.4%
Foreign currency open position ratio (total)			< ±30%	-4.8%

				(in millions of MNT)
Related parties		Categary of assets	Balance	% in total Equity
1	Loans and other equivalent asset provided to a related party (less than 5% of capital)			4.8%
1.1	Shareholders of the Bank	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	8,267	4.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)			18.8%
2.1	Shareholders of the Bank	Loan	100	0.1%
2.2	Key management personnel	Loan	283	0.2%
2.3	Other related parties	Loan	32,153	18.6%

Quarterly financial statements

Year-2021 Quarter- 3

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


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

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



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

				(in millions of MNT)
Related parties		Categary of assets	Balance	% in total Equity
1	Loans and other equivalent asset provided to a related party (less than 5% of capital)			4.8%
1.1	Shareholders of the Bank	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	8,270	4.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)			13.5%
2.1	Shareholders of the Bank	Loan	100	0.1%
2.2	Key management personnel	Loan	177	0.1%
2.3	Other related parties	Loan	22,856	13.3%

Quarterly financial statements

Year-2021 Quarter- 2

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


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

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



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

				(in millions of MNT)
Related parties		Categary of assets	Balance	% in total Equity
1	Loans and other equivalent asset provided to a related party (less than 5% of capital)			4.8%
1.1	Shareholders of the Bank	Loan	5,541	4.8%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	–	–	0.0%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)			4.9%
2.1	Shareholders of the Bank	Loan	5,541	4.8%
2.2	Key management personnel	Loan	143	0.1%

Quarterly financial statements

Year-2021 Quarter- 1

Quarter-1,2021
				(in millions of MNT)
BALANCE SHEET ITEMS			31/12/2020	31/03/2021
1	ASSET
1.1	Cash and cash equivalents		108,542	93,480
1.2	Due from banks and financial institutions		–	10,587
1.3	Financial investments		23,197	26,116
1.4	Loans and advances to customers (net)		216,739	269,064
1.4.1	Performing loans		211,821	268,302
1.4.2	Past due loans		5,187	–
1.4.3	Non-performing loans		14,984	16,001
1.4.4	Deferred loan payment		(48)	(55)
1.4.5	Accrued interest receivable		1,269	2,212
1.4.6	Loan Loss Provision		(16,474)	(17,396)
1.5	Derivative financial assets		–	–
1.6	Other financial assets		150	10
1.7	Other non-financial assets		1,712	4,761
1.8	Fixed assets (net)		9,360	8,748
1.9	Intangible assets		458	470
1.10	Total assets		360,158	413,235
2	LIABILITIES
2.1	Current account		9,825	9,311
2.2	Savings account		78,073	122,510
2.3	Due to banks and financial instituitions		132,817	139,260
2.4	Other deposits		23,001	25,307
2.5	Derivative financial liabilities		–	–
2.6	Other liabilities		7,402	5,274
2.7	Total liabilities		251,118	301,661
3	EQUITY
3.1	Share capital		100,000	100,000
3.2	Revaluation surplus		1	1
3.3	Retained earnings /loss/		8,993	11,527
3.4	Other reserves		46	46
3.5	Total equity		109,040	111,574
4	TOTAL LIABILITIES AND EQUITY		360,158	413,235


				(in millions of MNT)
INCOME STATEMENT			31/12/2020	31/03/2021
1	Interest income		44,737	9,880
1.1	From Bank of Mongolia		326	67
1.2	From Other banks & financial institutions		3,181	515
1.3	From securities		3,312	390
1.4	From loans		37,918	8,908
1.5	Other interest income		–	–
2	Interest expense		25,090	4,353
2.1	Interest expense on current account		614	–
2.2	Interest expense on savings account		21,281	3,550
2.3	Interest expense on borrowed funds		576	461
2.4	Interest expense on securities		1,959	205
2.5	Other interest expense		660	137
3	NET INTEREST INCOME (1-2)		19,647	5,527
4	Provision expenses (provision reverse income)		7,957	922
4.1	Deposits at other banks and financial institutions		–	–
4.2	Securities		–	–
4.3	Loans		7,957	922
5	Net interest income after provision [(3)-(4)]		11,690	4,605
6	Other income		6,884	844
6.1	Non-interest income		6,355	835
6.1.1	Trading income		5,263	752
6.1.2	Exchange and revaluation adjustment expense		644	29
6.1.3	Fees and commission income		448	54
6.1.4	Other non-interest income		–	0
6.2	Other income		529	8
7	Other expense		12,435	2,599
7.1	Non-interest expense		12,166	2,555
7.1.1	Other provision expense		264	–
7.1.2	Trade expense		2,727	494
7.1.3	Exchange and revaluation adjustment expense		394	118
7.1.4	Fees and commission expense		437	91
7.1.5	Other operating expense		8,344	1,852
7.2	Other expense (5+6-7)		269	44
8	Profit Before Tax		6,139	2,850
9	Income tax expense		665	316
10	Profit After Taxes (8-9)		5,474	2,534
11	Other comprehensive income		(88)	–
12	Total comprehensive income for the year (10+11)		5,386	2,534

				(in millions of MNT)
OFF BALANCE SHEET			31/12/2020	31/03/2021
Contingencies and commitments (net)			1,925	1,588



PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA			Limit	31/03/2021
Tier 1 ratio			≥ 9%	32.9%
Capital adequacy ratio			≥ 12%	32.9%
Liquidity			≥ 20%	28.2%
Foreign currency open position ratio (by each currency)			< ±15%	2.8%
Foreign currency open position ratio (total)			< ±30%	4.8%

				(in millions of MNT)
Related parties		Categary of assets	Balance	% in total Equity
1	Loans and other equivalent asset provided to a related party (less than 5% of capital)			4.5%
1.1	Shareholders of the Bank	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	5,064	4.5%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)			15.9%
2.1	Shareholders of the Bank	Loan	–	0.0%
2.2	Key management personnel	Loan	192	0.2%

Quarterly financial statements

Year-2020 Quarter- 4

Quarter-4,2020
			(in millions of MNT)
BALANCE SHEET ITEMS			31/12/2020
1	ASSET
1.1	Cash and cash equivalents		108,616.36
1.2	Due from banks and financial institutions		–
1.3	Financial investments		23,197.25
1.4	Loans and advances to customers (net)		216,691.33
1.4.1	Performing loans		211,821.02
1.4.2	Past due loans		5,186.43
1.4.3	Non-performing loans		14,984.03
1.4.4	Deferred loan payment		(48.33)
1.4.5	Accrued interest receivable		1,269.22
1.4.6	Loan Loss Provision		(16,521.04)
1.5	Derivative financial assets		–
1.6	Other financial assets		226.85
1.7	Other non-financial assets		1,738.64
1.8	Fixed assets (net)		9,360.38
1.9	Intangible assets		458.04
1.10	Total assets		360,288.84
2	LIABILITIES
2.1	Current account		9,824.70
2.2	Savings account		78,073.11
2.3	Due to banks and financial instituitions		132,816.61
2.4	Other deposits		23,001.02
2.5	Derivative financial liabilities		–
2.6	Other liabilities		7,426.97
2.7	Total liabilities		251,142.41
3	EQUITY
3.1	Share capital		100,000.00
3.2	Revaluation surplus		0.57
3.3	Retained earnings /loss/		9,012.18
3.4	Other reserves		133.69
3.5	Total equity		109,146.43
4	TOTAL LIABILITIES AND EQUITY		360,288.84


			(in millions of MNT)
INCOME STATEMENT			31/12/2020
1	Interest income		44,737.17
1.1	From Bank of Mongolia		325.53
1.2	From Other banks & financial institutions		3,180.73
1.3	From securities		3,312.45
1.4	From loans		37,918.46
1.5	Other interest income		–
2	Interest expense		25,089.65
2.1	Interest expense on current account		613.80
2.2	Interest expense on savings account		21,280.78
2.3	Interest expense on borrowed funds		576.00
2.4	Interest expense on securities		1,959.48
2.5	Other interest expense		659.59
3	NET INTEREST INCOME (1-2)		19,647.52
4	Provision expenses (provision reverse income)		8,004.31
4.1	Deposits at other banks and financial institutions		–
4.2	Securities		–
4.3	Loans		8,004.31
5	Net interest income after provision [(3)-(4)]		11,643.22
6	Other income		3,675.82
6.1	Non-interest income		3,234.48
6.1.1	Trading income		2,536.23
6.1.2	Exchange and revaluation adjustment expense		250.27
6.1.3	Fees and commission income		447.98
6.2	Other income		441.34
7	Other expense		9,234.18
7.1	Non-interest expense		8,970.62
7.1.1	Other provision expense		189.35
7.1.2	Trade expense		–
7.1.3	Exchange and revaluation adjustment expense		–
7.1.4	Fees and commission expense		436.98
7.1.5	Other operating expense		8,344.29
7.2	Other expense (5+6-7)		263.56
8	Profit Before Tax		6,084.86
9	Income tax expense		591.76
10	Profit After Taxes (8-9)		5,493.09
11	Other comprehensive income		–
12	Total comprehensive income for the year (10+11)		5,493.90

			(in millions of MNT)
OFF BALANCE SHEET			31/12/2020
Contingencies and commitments (net)			1,924.78



PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA			Limit	31/12/2020
Tier 1 ratio			≥ 9%	37.5%
Capital adequacy ratio			≥ 12%	37.5%
Liquidity			≥ 20%	28.5%
Foreign currency open position ratio (by each currency)			< ±15%	-9.4%
Foreign currency open position ratio (total)			< ±30%	-9.4%

				(in millions of MNT)
Related parties		Categary of assets	Balance	% in total Equity
1	Loans and other equivalent asset provided to a related party (less than 5% of capital)
1.1	Shareholders of the Bank	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	5,000.00	4.6%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1	Shareholders of the Bank	Loan	0.50	0.0%
2.2	Key management personnel	Loan	220.48	0.2%
2.3	Other related parties	Loan	17,356.84	15.9%