Category: 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%

Quarterly financial statements

Year-2020 Quarter- 3

Quarter-3,2020
FINANCIAL STATEMENT

		(in millions of MNT)
Items		9/30/2020
1	ASSET
1.1	Cash and cash equivalents	133,563.22
1.2	Due from banks and financial institutions	–
1.3	Financial investments	13,191.82
1.3.1	Investmens in associates	–
1.4	Loans and advances to customers (net)	250,017.63
1.4.1	Performing loans	247,071.17
1.4.2	Non-performing loans	13,767.09
1.4.3	Deferred loan payment	–
1.4.4	Accrued interest receivable	1,459.94
1.4.5	Loan Loss Provision	(12,280.57)
1.5	Derivative financial assets	–
1.6	Other financial assets	11.73
1.7	Other non-financial assets	2,167.54
1.8	Fixed assets (net)	6,589.46
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	519.06
1.12	Total assets	406,060.47
2	LIABILITIES
2.1	Current account	13,398.23
2.2	Savings account	106,096.43
2.3	Due to banks and financial instituitions	156,684.96
2.4	Other deposits	13,250.70
2.5	Other liabilities	7,444.69
2.10	Total liabilities	296,875.00
3	EQUITY
3.1	Share capital	100,000.00
3.2	Share premium	–
3.3	Treasury shares	–
3.4	Revaluation surplus	0.57
3.5	Retained earnings /loss/	9,051.21
3.6	Other reserves	133.69
3.7	Total equity	109,185.47
4	TOTAL LIABILITIES AND EQUITY	406,060.47


INCOME STATEMENT

		(in millions of MNT)
Items		9/30/2020
1	Interest income	34,565.97
1.1	From Bank of Mongolia	260.60
1.2	From Other banks & financial institutions	2,323.27
1.3	From securities	2,971.27
1.4	From loans	29,010.83
1.5	Other interest income	–
2	Interest expense	20,987.08
2.1	Interest expense on current account	609.25
2.2	Interest expense on savings account	17,790.67
2.3	Interest expense on borrowed funds	216.44
2.4	Interest expense on securities	1,859.93
2.5	Other interest expense	510.79
3	NET INTEREST INCOME (1-2)	13,578.88
4	Provision expenses	3,751.46
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	3,751.46
5	Net interest income after provision [(3)-(4)]	9,827.42
6	Other income	3,083.03
6.1	Non-interest income	2,706.27
6.1.1	Trading income	2,076.15
6.1.2	Exchange and revaluation adjustment expense	195.43
6.1.3	Fees and commission income	389.55
6.1.4	Other non-interest income	45.14
6.2	Other income	376.76
7	Other expense	6,977.27
7.1	Non-interest expense	6,733.78
7.1.1	Other provision expense	0.03
7.1.2	Trade expense	–
7.1.3	Exchange and revaluation adjustment expense	–
7.1.4	Fees and commission expense	336.98
7.1.5	Other operating expense	6,396.77
7.2	Other expense	243.49
8	Profit Before Tax (5+6-7)	5,933.18
9	Income tax expense	401.06
10	Profit After Taxes (8-9)	5,532.13
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	5,532.13


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		2,654.62


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	31.1%
Capital adequacy ratio		≥ 12%	31.1%
Liquidity		≥ 20%	25.5%
Foreign currency open position ratio (by each currency)		< ±15%	1.9%
Foreign currency open position ratio (total)		< ±30%	2.1%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

					(in millions of MNT)
Related parties		Category of assets	Balance	% in total Equity
1.0	Loans and other equivalent asset provided to a related party (less than 5% of capital)
1.1.	Shareholders of the Bank	–	–	–
1.2.	Key management personnel	–	–	–
1.3.	Other related parties	Loan	4.05	3.7%
2.0	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	Loan	0.23	0.2%
2.3.	Other related parties	Loan	9.66	8.6%

Quarterly financial statements

Year-2020 Quarter- 2

Quarter-2,2020
FINANCIAL STATEMENT

		(in millions of MNT)
Items		6/30/2020
1	ASSET
1.1	Cash and cash equivalents	137,160.43
1.2	Due from banks and financial institutions	–
1.3	Financial investments	13,134.02
1.3.1	Investmens in associates	–
1.4	Loans and advances to customers (net)	252,408.72
1.4.1	Performing loans	248,474.88
1.4.2	Non-performing loans	14,786.20
1.4.3	Deferred loan payment	–
1.4.4	Accrued interest receivable	1,454.35
1.4.5	Loan Loss Provision	(12,306.71)
1.5	Derivative financial assets	–
1.6	Other financial assets	2.47
1.7	Other non-financial assets	3,699.34
1.8	Fixed assets (net)	7,214.57
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	627.89
1.12	Total assets	414,247.44
2	LIABILITIES
2.1	Current account	24,455.06
2.2	Savings account	124,946.91
2.3	Due to banks and financial instituitions	150,728.39
2.4	Other deposits	250.70
2.5	Other liabilities	30,077.96
2.10	Total liabilities	330,459.01
3	EQUITY
3.1	Share capital	78,000.00
3.2	Share premium	–
3.3	Treasury shares	–
3.4	Revaluation surplus	0.57
3.5	Retained earnings /loss/	5,654.17
3.6	Other reserves	133.69
3.7	Total equity	83,788.43
4	TOTAL LIABILITIES AND EQUITY	414,247.44


INCOME STATEMENT

		(in millions of MNT)
Items		6/30/2020
1	Interest income	23,923.68
1.1	From Bank of Mongolia	187.38
1.2	From Other banks & financial institutions	1,631.72
1.3	From securities	2,398.20
1.4	From loans	19,706.38
1.5	Other interest income	–
2	Interest expense	15,455.11
2.1	Interest expense on current account	604.60
2.2	Interest expense on savings account	13,001.28
2.3	Interest expense on borrowed funds	65.92
2.4	Interest expense on securities	1,434.21
2.5	Other interest expense	349.09
3	NET INTEREST INCOME (1-2)	8,468.58
4	Provision expenses	3,864.58
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	3,864.58
5	Net interest income after provision [(3)-(4)]	4,604.00
6	Other income	4,026.79
6.1	Non-interest income	3,701.67
6.1.1	Trading income	2,968.51
6.1.2	Exchange and revaluation adjustment expense	401.16
6.1.3	Fees and commission income	286.85
6.1.4	Other non-interest income	45.14
6.2	Other income	325.12
7	Other expense	6,375.08
7.1	Non-interest expense	6,279.01
7.1.1	Other provision expense	–
7.1.2	Trade expense	1,189.57
7.1.3	Exchange and revaluation adjustment expense	311.22
7.1.4	Fees and commission expense	222.26
7.1.5	Other operating expense	4,555.96
7.2	Other expense	96.07
8	Profit Before Tax (5+6-7)	2,255.70
9	Income tax expense	120.61
10	Profit After Taxes (8-9)	2,135.09
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	2,135.09


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		1,932.87


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	22.2%
Capital adequacy ratio		≥ 12%	22.2%
Liquidity		≥ 20%	22.2%
Foreign currency open position ratio (by each currency)		< ±15%	14.2%
Foreign currency open position ratio (total)		< ±30%	16.2%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
					(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)
1.1.	Shareholders of the Bank	–	–	–
1.2.	Key management personnel	–	–	–
1.3.	Other related parties	Loan	4,008.63	4.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	Loan	141.48	0.2%
2.3.	Other related parties	Loan	11,395.61	13.6%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
					(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)
1.1.	Shareholders of the Bank	–	–	–
1.2.	Key management personnel	–	–	–
1.3.	Other related parties	Loan	4,008.63	4.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	Loan	141.48	0.2%
2.3.	Other related parties	Loan	11,395.61	13.6%

Quarterly financial statements

Year-2020 Quarter- 1

Quarter-1,2020
FINANCIAL STATEMENT

		(in millions of MNT)
Items		3/31/2020
1	ASSET
1.1	Cash and cash equivalents	137,435.97
1.2	Due from banks and financial institutions	–
1.3	Financial investments	47,555.46
1.3.1	Investmens in associates	–
1.4	Loans and advances to customers (net)	268,927.75
1.4.1	Performing loans	258,265.78
1.4.2	Non-performing loans	18,553.46
1.4.3	Deferred loan payment	–
1.4.4	Accrued interest receivable	2,742.45
1.4.5	Loan Loss Provision	(10,633.94)
1.5	Derivative financial assets	–
1.6	Other financial assets	0.28
1.7	Other non-financial assets	6,152.64
1.8	Fixed assets (net)	7,141.54
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	664.78
1.12	Total assets	467,878.42
2	LIABILITIES
2.1	Current account	54,413.44
2.2	Savings account	149,833.75
2.3	Due to banks and financial instituitions	127,659.83
2.4	Other deposits	25,227.73
2.5	Other liabilities	28,500.86
2.10	Total liabilities	385,635.60
3	EQUITY
3.1	Share capital	78,000.00
3.2	Share premium	–
3.3	Treasury shares	–
3.4	Revaluation surplus	0.57
3.5	Retained earnings /loss/	4,108.56
3.6	Other reserves	133.69
3.7	Total equity	82,242.82
4	TOTAL LIABILITIES AND EQUITY	467,878.42


INCOME STATEMENT

		(in millions of MNT)
Items		3/31/2020
1	Interest income	12,578.62
1.1	From Bank of Mongolia	144.14
1.2	From Other banks & financial institutions	891.15
1.3	From securities	1,497.08
1.4	From loans	10,046.24
1.5	Other interest income	–
2	Interest expense	8,995.93
2.1	Interest expense on current account	462.52
2.2	Interest expense on savings account	7,516.81
2.3	Interest expense on borrowed funds	5.17
2.4	Interest expense on securities	838.76
2.5	Other interest expense	172.67
3	NET INTEREST INCOME (1-2)	3,582.69
4	Provision expenses	2,311.31
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	2,311.31
5	Net interest income after provision [(3)-(4)]	1,271.38
6	Other income	1,884.29
6.1	Non-interest income	1,696.44
6.1.1	Trading income	1,456.87
6.1.2	Exchange and revaluation adjustment expense	48.82
6.1.3	Fees and commission income	145.60
6.1.4	Other non-interest income	45.14
6.2	Other income	187.85
7	Other expense	2,506.20
7.1	Non-interest expense	2,469.42
7.1.1	Other provision expense	–
7.1.2	Trade expense	–
7.1.3	Exchange and revaluation adjustment expense	–
7.1.4	Fees and commission expense	96.52
7.1.5	Other operating expense	2,372.90
7.2	Other expense	36.78
8	Profit Before Tax (5+6-7)	649.46
9	Income tax expense	59.99
10	Profit After Taxes (8-9)	589.48
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	589.48


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		1,748.52


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	23.5%
Capital adequacy ratio		≥ 12%	23.5%
Liquidity		≥ 20%	31.8%
Foreign currency open position ratio (by each currency)		< ±15%	4.1%
Foreign currency open position ratio (total)		< ±30%	11.6%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
					/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)
1.1.	Shareholders of the Bank	–	–	–
1.2.	Key management personnel	–	–	–
1.3.	Other related parties	Loan	3,941.76	4.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	Loan	45.46	0.1%
2.3.	Other related parties	Loan	8,557.37	10.4%

Quarterly financial statements

Year-2019 Quarter- 4

Quarter-4,2019
FINANCIAL STATEMENT

		(in millions of MNT)
Items		12/31/2019
1	ASSET
1.1	Cash and cash equivalents	200,118.37
1.2	Due from banks and financial institutions	10,003.42
1.3	Financial investments	26,168.79
1.3.5	Investmens in associates	–
1.4	Loans and advances to customers (net)	254,523.39
1.4.1	Performing loans	249,501.74
1.4.2	Non-performing loans	11,581.75
1.4.6	Deferred loan payment	–
1.4.7	Accrued interest receivable	1,654.35
1.4.8	Loan Loss Provision	(8,214.45)
1.5	Derivative financial assets	–
1.6	Other financial assets	685.69
1.7	Other non-financial assets	26,079.09
1.8	Fixed assets (net)	6,226.80
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	747.77
1.12	Total assets	524,553.34
2	LIABILITIES
2.1	Current account	57,751.11
2.2	Savings account	190,952.88
2.3	Due to banks and financial instituitions	163,726.27
2.4	Other deposits	4,294.63
2.5	Other liabilities	26,096.24
2.10	Total liabilities	442,821.14
3	EQUITY
3.1	Share capital	78,000.00
3.2	Share premium	–
3.3	Treasury shares	–
3.4	Revaluation surplus	0.57
3.5	Retained earnings /loss/	3,638.70
3.6	Other reserves	92.93
3.7	Total equity	81,732.20
4	TOTAL LIABILITIES AND EQUITY	524,553.34


INCOME STATEMENT

		(in millions of MNT)
Items		12/31/2019
1	Interest income	57,389.10
1.1	From Bank of Mongolia	114.07
1.2	From Other banks & financial institutions	4,577.71
1.3	From securities	11,223.25
1.4	From loans	41,474.06
1.5	Other interest income	–
2	Interest expense	39,897.85
2.1	Interest expense on current account	1,048.83
2.2	Interest expense on savings account	31,857.35
2.3	Interest expense on borrowed funds	13.08
2.4	Interest expense on securities	6,593.43
2.5	Other interest expense	385.15
3	NET INTEREST INCOME (1-2)	17,491.25
4	Provision expenses	6,269.56
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	6,269.56
5	Net interest income after provision [(3)-(4)]	11,221.69
6	Other income	2,335.17
6.1	Non-interest income	1,820.57
6.1.1	Trading income	700.22
6.1.2	Exchange and revaluation adjustment expense	318.74
6.1.3	Fees and commission income	801.60
6.1.4	Other non-interest income	–
6.2	Other income	514.61
7	Other expense	7,915.68
7.1	Non-interest expense	7,677.85
7.1.1	Other provision expense	47.76
7.1.2	Trade expense	–
7.1.3	Exchange and revaluation adjustment expense	–
7.1.4	Fees and commission expense	393.38
7.1.5	Other operating expense	7,236.71
7.2	Other expense	237.83
8	Profit Before Tax (5+6-7)	5,641.18
9	Income tax expense	1,124.56
10	Profit After Taxes (8-9)	4,516.62
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	4,516.62


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		2,027.32


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	25.9%
Capital adequacy ratio		≥ 12%	25.9%
Liquidity		≥ 25%	53.1%
Foreign currency open position ratio (by each currency)		< ±15%	4.9%
Foreign currency open position ratio (total)		< ±30%	-14.2%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
				(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)
1.1.	Shareholders of the Bank	–	–	–
1.2.	Key management personnel	Loan	20.00	0.0%
1.3.	Other related parties	Loan	3,912.68	4.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	Loan	70.60	0.1%
2.3.	Other related parties	Loan	12,526.37	15.3%

Quarterly financial statements

Year-2019 Quarter- 3

Quarter-3,2019
FINANCIAL STATEMENT

		(in millions of MNT)
Items		9/30/2019
1	ASSET
1.1	Cash and cash equivalents	141,119.03
1.2	Due from banks and financial institutions	10,003.42
1.3	Financial investments	66,622.52
1.3.5	Investmens in associates	–
1.4	Loans and advances to customers (net)	280,025.29
1.4.1	Performing loans	266,977.14
1.4.2	Non-performing loans	13,611.02
1.4.6	Deferred loan payment	–
1.4.7	Accrued interest receivable	1,950.75
1.4.8	Loan Loss Provision	(2,513.62)
1.5	Derivative financial assets	–
1.6	Other financial assets	1.71
1.7	Other non-financial assets	13,115.29
1.8	Fixed assets (net)	4,201.97
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	529.31
1.12	Total assets	515,618.54
2	LIABILITIES
2.1	Current account	39,587.50
2.2	Savings account	144,868.52
2.3	Due to banks and financial instituitions	179,269.97
2.4	Other deposits	31,597.65
2.5	Other liabilities	35,568.16
2.10	Total liabilities	430,891.81
3	EQUITY
3.1	Share capital	78,000.00
3.2	Share premium	–
3.3	Treasury shares	–
3.4	Revaluation surplus	0.57
3.5	Retained earnings /loss/	6,633.23
3.6	Other reserves	92.93
3.7	Total equity	84,726.73
4	TOTAL LIABILITIES AND EQUITY	515,618.54


INCOME STATEMENT

		(in millions of MNT)
Items		9/30/2019
1	Interest income	43,812.03
1.1	From Bank of Mongolia	52.35
1.2	From Other banks & financial institutions	3,419.95
1.3	From securities	8,623.65
1.4	From loans	31,716.09
1.5	Other interest income	–
2	Interest expense	29,675.25
2.1	Interest expense on current account	592.02
2.2	Interest expense on savings account	23,728.22
2.3	Interest expense on borrowed funds	7.80
2.4	Interest expense on securities	5,197.57
2.5	Other interest expense	149.65
3	NET INTEREST INCOME (1-2)	14,136.78
4	Provision expenses	599.71
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	599.71
5	Net interest income after provision [(3)-(4)]	13,537.08
6	Other income	1,277.04
6.1	Non-interest income	991.01
6.1.1	Trading income	294.94
6.1.2	Exchange and revaluation adjustment expense	181.27
6.1.3	Fees and commission income	514.80
6.1.4	Other non-interest income	–
6.2	Other income	286.04
7	Other expense	5,421.21
7.1	Non-interest expense	5,274.23
7.1.1	Other provision expense	47.76
7.1.2	Trade expense	–
7.1.3	Exchange and revaluation adjustment expense	–
7.1.4	Fees and commission expense	304.11
7.1.5	Other operating expense	4,922.37
7.2	Other expense	146.98
8	Profit Before Tax (5+6-7)	9,392.91
9	Income tax expense	1,881.76
10	Profit After Taxes (8-9)	7,511.15
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	7,511.15


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		2,629.91


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	21.2%
Capital adequacy ratio		≥ 12%	21.2%
Liquidity		≥ 25%	33.0%
Foreign currency open position ratio (by each currency)		< ±15%	-5.8%
Foreign currency open position ratio (total)		< ±30%	-5.8%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
				(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)
1.1.	Shareholders of the Bank	–	–	–
1.2.	Key management personnel	Loan	35.92	0.0%
1.3.	Other related parties	Loan	2,251.02	2.7%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	Loan	102.49	0.1%
2.3.	Other related parties	Loan	4,750.64	5.6%

Quarterly financial statements

Year-2019 Quarter- 2

Quarter-2,2019
FINANCIAL STATEMENT

		(in millions of MNT)
Items		6/30/2019
1	ASSET
1.1	Cash and cash equivalents	123,003.92
1.2	Due from banks and financial institutions	10,010.27
1.3	Financial investments	85,410.09
1.3.5	Investmens in associates
1.4	Loans and advances to customers (net)	289,527.99
1.4.1	Performing loans	281,350.94
1.4.2	Non-performing loans	9,200.00
1.4.6	Deferred loan payment	–
1.4.7	Accrued interest receivable	1,301.20
1.4.8	Loan Loss Provision	(2,324.15)
1.5	Derivative financial assets	–
1.6	Other financial assets	(0.03)
1.7	Other non-financial assets	873.62
1.8	Fixed assets (net)	4,490.18
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	525.99
1.12	Total assets	513,842.04
2	LIABILITIES
2.1	Current account	20,749.21
2.2	Savings account	126,650.18
2.3	Due to banks and financial instituitions	196,350.83
2.4	Other deposits	53,810.56
2.5	Other liabilities	34,481.14
2.10	Total liabilities	432,041.92
3	EQUITY
3.1	Share capital	78,000.00
3.2	Share premium
3.3	Treasury shares
3.4	Revaluation surplus	0.57
3.5	Retained earnings /loss/	3,706.61
3.6	Other reserves	92.93
3.7	Total equity	81,800.11
4	TOTAL LIABILITIES AND EQUITY	513,842.04


INCOME STATEMENT

		(in millions of MNT)
Items		6/30/2019
1	Interest income	28,393.10
1.1	From Bank of Mongolia	46.08
1.2	From Other banks & financial institutions	2,300.40
1.3	From securities	5,552.01
1.4	From loans	20,524.61
1.5	Other interest income	–
2	Interest expense	19,488.31
2.1	Interest expense on current account	286.60
2.2	Interest expense on savings account	15,599.71
2.3	Interest expense on borrowed funds	2.95
2.4	Interest expense on securities	3,498.71
2.5	Other interest expense	100.35
3	NET INTEREST INCOME (1-2)	8,904.78
4	Provision expenses	413.00
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	413.00
5	Net interest income after provision [(3)-(4)]	8,491.79
6	Other income	736.18
6.1	Non-interest income	506.92
6.1.1	Trading income	–
6.1.2	Exchange and revaluation adjustment expense	147.78
6.1.3	Fees and commission income	359.14
6.1.4	Other non-interest income	–
6.2	Other income	229.26
7	Other expense	3,751.17
7.1	Non-interest expense	3,637.07
7.1.1	Other provision expense	47.76
7.1.2	Trade expense	83.05
7.1.3	Exchange and revaluation adjustment expense	–
7.1.4	Fees and commission expense	172.36
7.1.5	Other operating expense	3,333.91
7.2	Other expense	114.10
8	Profit Before Tax (5+6-7)	5,476.80
9	Income tax expense	892.27
10	Profit After Taxes (8-9)	4,584.53
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	4,584.53


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		2,550.28


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	21.0%
Capital adequacy ratio		≥ 12%	21.0%
Liquidity		≥ 25%	37.3%
Foreign currency open position ratio (by each currency)		< ±15%	3.0%
Foreign currency open position ratio (total)		< ±40%	3.2%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
				(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)
1.1.	Shareholders of the Bank	–	–	–
1.2.	Key management personnel	Loan	23.29	0.0%
1.3.	Other related parties	Loan	2,251.02	2.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	Loan	68.94	0.1%
2.3.	Other related parties	Loan	4,648.60	5.7%

Quarterly financial statements

Year-2019 Quarter- 1

Quarter-1,2019
FINANCIAL STATEMENT

		(in millions of MNT)
Items		3/31/2019
1	ASSET
1.1	Cash and cash equivalents	145,008.46
1.2	Due from banks and financial institutions	–
1.3	Financial investments	82,764.14
1.3.1	Investmens in associates	–
1.4	Loans and advances to customers (net)	278,303.91
1.4.1	Performing loans	270,176.04
1.4.2	Non-performing loans	9,200.00
1.4.3	Deferred loan payment	–
1.4.4	Accrued interest receivable	1,196.14
1.4.5	Loan Loss Provision	(2,268.27)
1.5	Derivative financial assets	–
1.6	Other financial assets	47.22
1.7	Other non-financial assets	920.20
1.8	Fixed assets (net)	4,738.28
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	618.16
1.12	Total assets	512,400.36
2	LIABILITIES
2.1	Current account	10,948.91
2.2	Savings account	99,473.78
2.3	Due to banks and financial instituitions	229,355.93
2.4	Other deposits	59,285.21
2.5	Other liabilities	33,763.59
2.10	Total liabilities	432,827.40
3	EQUITY
3.1	Share capital	78,000.00
3.2	Share premium	–
3.3	Treasury shares	–
3.4	Revaluation surplus	0.57
3.5	Retained earnings /loss/	1,544.44
3.6	Other reserves	27.95
3.7	Total equity	79,572.96
4	TOTAL LIABILITIES AND EQUITY	512,400.36


INCOME STATEMENT

		(in millions of MNT)
Items		3/31/2019
1	Interest income	12,999.93
1.1	From Bank of Mongolia	29.61
1.2	From Other banks & financial institutions	1,095.69
1.3	From securities	2,209.17
1.4	From loans	9,665.45
1.5	Other interest income	–
2	Interest expense	8,615.83
2.1	Interest expense on current account	131.66
2.2	Interest expense on savings account	7,565.79
2.3	Interest expense on borrowed funds	2.56
2.4	Interest expense on securities	868.06
2.5	Other interest expense	47.77
3	NET INTEREST INCOME (1-2)	4,384.09
4	Provision expenses	364.34
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	364.34
5	Net interest income after provision [(3)-(4)]	4,019.76
6	Other income	403.83
6.1	Non-interest income	302.03
6.1.1	Trading income	–
6.1.2	Exchange and revaluation adjustment expense	130.02
6.1.3	Fees and commission income	172.01
6.1.4	Other non-interest income	–
6.2	Other income	101.80
7	Other expense	1,831.42
7.1	Non-interest expense	1,792.77
7.1.1	Other provision expense	2.39
7.1.2	Trade expense	117.87
7.1.3	Exchange and revaluation adjustment expense	–
7.1.4	Fees and commission expense	105.09
7.1.5	Other operating expense	1,567.43
7.2	Other expense	38.65
8	Profit Before Tax (5+6-7)	2,592.16
9	Income tax expense	234.78
10	Profit After Taxes (8-9)	2,357.37
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	2,357.37


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		1,259.38


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	22.4%
Capital adequacy ratio		≥ 12%	22.4%
Liquidity		≥ 25%	36.3%
Foreign currency open position ratio (by each currency)		< ±15%	-5.5%
Foreign currency open position ratio (total)		< ±40%	-5.5%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
				(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)
1.1.	Shareholders of the Bank	–	–	–
1.2.	Key management personnel	–	–	–
1.3.	Other related parties	Loan	2,251.02	2.8%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	Loan	130.01	0.2%
2.3.	Other related parties	Loan	4,820.56	6.1%

Quarterly financial statements

Year-2018 Quarter- 4

Quarter-4,2018
FINANCIAL STATEMENT

		(in millions of MNT)
Items		12/31/2018
1	ASSET
1.1	Cash and cash equivalents	179,445.56
1.2	Due from banks and financial institutions	–
1.3	Financial investments	29,448.48
1.3.5	Investmens in associates	–
1.4	Loans and advances to customers (net)	289,073.00
1.4.1	Performing loans	289,703.70
1.4.2	Non-performing loans	–
1.4.6	Deferred loan payment	–
1.4.7	Accrued interest receivable	1,275.20
1.4.8	Loan Loss Provision	(1,905.90)
1.5	Derivative financial assets	–
1.6	Other financial assets	0.24
1.7	Other non-financial assets	1,057.13
1.8	Fixed assets (net)	2,181.15
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	636.57
1.12	Total assets	501,842.13
2	LIABILITIES
2.1	Current account	10,433.89
2.2	Savings account	137,691.26
2.3	Due to banks and financial instituitions	215,439.38
2.4	Other deposits	29,688.82
2.5	Other liabilities	31,373.19
2.10	Total liabilities	424,626.55
3	EQUITY
3.1	Share capital	78,000.00
3.2	Share premium	–
3.3	Treasury shares	–
3.4	Revaluation surplus	0.57
3.5	Retained earnings /loss/	(812.94)
3.6	Other reserves	27.95
3.7	Total equity	77,215.58
4	TOTAL LIABILITIES AND EQUITY	501,842.13


INCOME STATEMENT

		(in millions of MNT)
Items		12/31/2018
1	Interest income	24,673.36
1.1	From Bank of Mongolia	299.30
1.2	From Other banks & financial institutions	2,147.45
1.3	From securities	4,626.95
1.4	From loans	17,599.66
1.5	Other interest income	–
2	Interest expense	12,976.56
2.1	Interest expense on current account	1,314.77
2.2	Interest expense on savings account	11,120.31
2.3	Interest expense on borrowed funds	6.12
2.4	Interest expense on securities	535.36
2.5	Other interest expense	–
3	NET INTEREST INCOME (1-2)	11,696.81
4	Provision expenses	1,555.95
4.1	Deposits at other banks and financial institutions	59.22
4.2	Securities	64.99
4.3	Loans	1,431.74
5	Net interest income after provision [(3)-(4)]	10,140.85
6	Other income	1,447.68
6.1	Non-interest income	1,331.13
6.1.1	Trading income	563.08
6.1.2	Exchange and revaluation adjustment expense	–
6.1.3	Fees and commission income	768.06
6.1.4	Other non-interest income	–
6.2	Other income	116.55
7	Other expense	6,355.05
7.1	Non-interest expense	5,982.50
7.1.1	Other provision expense	0.03
7.1.2	Trade expense	–
7.1.3	Exchange and revaluation adjustment expense	231.65
7.1.4	Fees and commission expense	266.37
7.1.5	Other operating expense	5,484.45
7.2	Other expense	372.55
8	Profit Before Tax (5+6-7)	5,233.49
9	Income tax expense	1,408.14
10	Profit After Taxes (8-9)	3,825.35
11	Other comprehensive income	64.99
12	Total comprehensive income for the year (10+11)	3,890.33


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		1,428.91


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	24.2%
Capital adequacy ratio		≥ 12%	24.2%
Liquidity		≥ 25%	33.7%
Foreign currency open position ratio (by each currency)		< ±15%	8.6%
Foreign currency open position ratio (total)		< ±40%	8.8%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
				(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)
1.1.	Shareholders of the Bank	–	–	–
1.2.	Key management personnel	–	–	–
1.3.	Other related parties	Loan	2,251.02	2.9%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	–	–	–
2.3.	Other related parties	Loan	4,893.10	6.3%

Quarterly financial statements

Year-2018 Quarter- 3

Quarter-3,2018
FINANCIAL STATEMENT

		(in millions of MNT)
Items		9/30/2018
1	ASSET
1.1	Cash and cash equivalents	97,761.02
1.2	Due from banks	–
1.3	Financial investments (available for sale)	73,656.61
1.3.5	Investmens in associates	–
1.4	Loans and advances to customers (net)	149,233.84
1.4.1	Performing loans	149,568.40
1.4.2	Non-performing loans	–
1.4.6	Deferred loan payment	–
1.4.7	Accrued interest receivable	570.03
1.4.8	(Loan Loss Provision)	(904.59)
1.5	Derivative financial assets	–
1.6	Other financial assets	0.72
1.7	Other non-financial assets	1,495.25
1.8	Fixed assets (net)	2,273.81
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	528.61
1.12	Total assets	324,949.85
2	LIABILITIES
2.1	Current account	1,578.97
2.2	Savings	35,012.58
2.3	Due to banks & financial instituitions	106,525.25
2.4	Other deposits	73,672.58
2.5	Other liabilities	37,133.63
2.10	Total liabilities	253,923.01
3	EQUITY
3.1	Share capital	72,000.00
3.2	Share premium	–
3.3	Treasury stock	–
3.4	Revaluation surplus	0.57
3.5	Retained earnings	(1,001.68)
3.6	Other reserves	27.95
3.7	Total equity	71,026.84
4	TOTAL LIABILITIES AND EQUITY	324,949.85


INCOME STATEMENT

		(in millions of MNT)
Items		9/30/2018
1	Interest income	14,959.50
1.1	from Bank of Mongolia	271.20
1.2	From Other banks & financial institutions	1,283.94
1.3	from BoM securities	3,011.94
1.4	Loan interest income	10,392.42
1.5	Other interest income	–
2	Interest expense	6,998.57
2.1	Interests paid to Current account	1,110.73
2.2	Interests paid to Savings	5,530.31
2.3	Interest paid to Borrowed fund	5.64
2.4	Securities interest expense	351.89
2.5	Other interest expense	–
3	NET INTEREST INCOME (1-2)	7,960.92
4	Provision expenses	473.31
4.1	Deposits at other banks and financial sectors	22.21
4.2	Securities	5.54
4.3	Loans	445.56
5	Net interest income after provision [(3)-(4)]	7,487.61
6	Other income	904.78
6.1	Non-interest income	815.09
6.1.1	Trade income	–
6.1.2	Exchange and revaluation adjustment expense	305.21
6.1.3	Fees and commission income	509.88
6.1.4	Other non-interest income	–
6.2	Other income	89.69
7	Other expense	4,454.89
7.1	Non-interest expense	4,195.66
7.1.1	Other provision expense	0.03
7.1.2	Trade expense	36.65
7.1.3	Exchange and revaluation adjustment expense	–
7.1.4	Fees and commission expense	215.31
7.1.5	Other operating expense	3,943.68
7.2	Other expense	259.23
8	Net Profit Before Taxes (5+6-7)	3,937.50
9	Income tax expense	241.45
10	Net Profit After Taxes (8-9)	3,696.05
11	Other comprehensive income	5.54
12	Total comprehensive income for the year (10+11)	3,701.59


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		2,175.25


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	38.2%
Capital adequacy ratio		≥ 12%	38.2%
Liquidity		≥ 25%	33.2%
Foreign currency open position ratio (by each currency)		< ±15%	7.7%
Foreign currency open position ratio (total)		< ±40%	8.0%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
				(in millions of MNT)
Related parties		Category of assets	Balance	Share to capita
1	Loans and other equivalent asset provided to a related party (less than 5% of capital)
1.1.	Shareholders of the Bank	–	–	–
1.2.	Key management personnel	–	–	–
1.3.	Other related parties	Loan	2,257.7	3.2%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	–	–	–
2.3.	Other related parties	Loan	4,934.08	6.9%

Quarterly financial statements

Year-2018 Quarter- 2

Quarter-2,2018
FINANCIAL STATEMENT

		(in millions of MNT)
Items		6/30/2018
1	ASSET
1.1	Cash and cash equivalents	140,633.16
1.2	Due from banks	–
1.3	Financial investments (available for sale)	44,977.37
1.3.5	Investmens in associates	–
1.4	Loans and advances to customers (net)	120,164.99
1.4.1	Performing loans	120,386.43
1.4.2	Non-performing loans	–
1.4.6	Deferred loan payment	–
1.4.7	Accrued interest receivable	442.49
1.4.8	(Loan Loss Provision)	(663.93)
1.5	Derivative financial assets	21.97
1.6	Other financial assets	0.30
1.7	Other non-financial assets	634.84
1.8	Fixed assets (net)	2,439.84
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	600.15
1.12	Total assets	309,472.63
2	LIABILITIES
2.1	Current account	808.26
2.2	Savings	37,327.98
2.3	Due to banks & financial instituitions	125,098.55
2.4	Other deposits	45,000.00
2.5	Other liabilities	31,838.72
2.10	Total liabilities	240,073.51
3	EQUITY
3.1	Share capital	72,000.00
3.2	Share premium	–
3.3	Treasury stock	–
3.4	Revaluation surplus	0.57
3.5	Retained earnings	(2,629.40)
3.6	Other reserves	27.95
3.7	Total equity	69,399.12
4	TOTAL LIABILITIES AND EQUITY	309,472.63


INCOME STATEMENT

		(in millions of MNT)
Items		6/30/2018
1	Interest income	9,085.18
1.1	from Bank of Mongolia	209.48
1.2	From Other banks & financial institutions	624.58
1.3	from BoM securities	1,997.30
1.4	Loan interest income	6,253.83
1.5	Other interest income	–
2	Interest expense	4,199.37
2.1	Interests paid to Current account	792.04
2.2	Interests paid to Savings	3,251.02
2.3	Interest paid to Borrowed fund	5.48
2.4	Securities interest expense	150.83
2.5	Other interest expense	–
3	NET INTEREST INCOME (1-2)	4,885.81
4	Provision expenses	301.77
4.1	Deposits at other banks and financial sectors	–
4.2	Securities	–
4.3	Loans	301.77
5	Net interest income after provision [(3)-(4)]	4,584.04
6	Other income	421.11
6.1	Non-interest income	355.06
6.1.1	Trade income	89.43
6.1.2	Exchange and revaluation adjustment expense	–
6.1.3	Fees and commission income	265.64
6.1.4	Other non-interest income	–
6.2	Other income	66.05
7	Other expense	2,882.12
7.1	Non-interest expense	2,709.72
7.1.1	Other provision expense	–
7.1.2	Trade expense	–
7.1.3	Exchange and revaluation adjustment expense	29.00
7.1.4	Fees and commission expense	118.02
7.1.5	Other operating expense	2,562.71
7.2	Other expense	172.40
8	Net Profit Before Taxes (5+6-7)	2,123.03
9	Income tax expense	147.15
10	Net Profit After Taxes (8-9)	1,975.88
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	1,975.88


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		8,643.90


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	43.9%
Capital adequacy ratio		≥ 12%	43.9%
Liquidity		≥ 25%	54.7%
Foreign currency open position ratio (by each currency)		< ±15%	-9.1%
Foreign currency open position ratio (total)		< ±40%	-9.1%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
				(in millions of MNT)
Related parties		Category of assets	Balance	Share to capita
1	Loans and other equivalent asset provided to a related party (less than 5% of capital)
1.1.	Shareholders of the Bank	–	–	–
1.2.	Key management personnel	–	–	–
1.3.	Other related parties	Loan	2,247.9	3.2%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank	–	–	–
2.2.	Key management personnel	–	–	–
2.3.	Other related parties	Loan	4,579.40	6.6%

Quarterly financial statements

Year-2018 Quarter- 1

Quarter-1,2018
FINANCIAL STATEMENT

		(in millions of MNT)
Items		3/31/2018
1	ASSET
1.1	Cash and cash equivalents	99,074.33
1.2	Due from banks	–
1.3	Financial investments (available for sale)	29,995.91
1.3.5	Investmens in associates	–
1.4	Loans and advances to customers (net)	109,631.31
1.4.1	Performing loans	109,669.44
1.4.2	Non-performing loans	–
1.4.6	Deferred loan payment	–
1.4.7	Accrued interest receivable	510.22
1.4.8	(Loan Loss Provision)	(548.35)
1.5	Derivative financial assets	174.79
1.6	Other financial assets	0.11
1.7	Other non-financial assets	8,612.51
1.8	Fixed assets (net)	2,364.92
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	592.70
1.12	Total assets	250,446.59
2	LIABILITIES
2.1	Current account	4,345.75
2.2	Savings	4,564.23
2.3	Due to banks & financial instituitions	141,603.13
2.4	Other deposits	30,000.00
2.5	Other liabilities	23,204.13
2.10	Total liabilities	203,717.24
3	EQUITY
3.1	Share capital	50,000.00
3.2	Share premium	–
3.3	Treasury stock	–
3.4	Revaluation surplus	0.57
3.5	Retained earnings	(3,299.17)
3.6	Other reserves	27.95
3.7	Total equity	46,729.34
4	TOTAL LIABILITIES AND EQUITY	250,446.59


INCOME STATEMENT

		(in millions of MNT)
Items		3/31/2018
1	Interest income	4,139.96
1.1	from Bank of Mongolia	80.62
1.2	From Other banks & financial institutions	133.68
1.3	from BoM securities	1,204.21
1.4	Loan interest income	2,721.44
1.5	Other interest income	–
2	Interest expense	1,682.84
2.1	Interests paid to Current account	419.15
2.2	Interests paid to Savings	1,222.68
2.3	Interest paid to Borrowed fund	2.55
2.4	Securities interest expense	38.47
2.5	Other interest expense	–
3	NET INTEREST INCOME (1-2)	2,457.11
4	Provision expenses	192.97
4.1	Deposits at other banks and financial sectors	–
4.2	Securities	–
4.3	Loans	192.97
5	Net interest income after provision [(3)-(4)]	2,264.14
6	Other income	280.03
6.1	Non-interest income	250.59
6.1.1	Trade income	53.96
6.1.2	Exchange and revaluation adjustment expense	101.38
6.1.3	Fees and commission income	95.25
6.1.4	Other non-interest income
6.2	Other income	29.44
7	Other expense	1,238.07
7.1	Non-interest expense	1,175.98
7.1.1	Other provision expense	–
7.1.2	Trade expense
7.1.3	Exchange and revaluation adjustment expense
7.1.4	Fees and commission expense	69.74
7.1.5	Other operating expense	1,106.24
7.2	Other expense	62.09
8	Net Profit Before Taxes (5+6-7)	1,306.11
9	Income tax expense
10	Net Profit After Taxes (8-9)	1,306.11
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	1,306.11


OFF BALANCE SHEET

		(in millions of MNT)
Contingencies and commitments (net)		733.48


PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	31.5%
Capital adequacy ratio		≥ 12%	31.5%
Liquidity		≥ 25%	45.6%
Foreign currency open position ratio (by each currency)		< ±15%	-13.0%
Foreign currency open position ratio (total)		< ±40%	-20.9%

LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK
				(in millions of MNT)
Related parties		Category of assets	Balance	Share to capita
1	Loans and other equivalent asset provided to a related party (less than 5% of capital)
1.1.	Shareholders of the Bank
1.2.	Key management personnel
1.3.	Other related parties	зээл	2,200.0	4.7%
2	Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
2.1.	Shareholders of the Bank
2.2.	Key management personnel
2.3.	Other related parties	зээл	4,493.88	9.6%

Quarterly financial statements

Year-2017 Quarter- 4

Quarter-4,2017
FINANCIAL STATEMENT

		(in thousands of MNT)
Items		12/31/2017
1	ASSET
1.1	Cash and cash equivalents	92,374,661.95
1.2	Due from banks
1.3	Financial investments (available for sale)	36,950,056.54
1.3.1	Investmens in associates	–
1.4	Loans and advances to customers (net)	70,483,770.64
1.4.1	Performing loans	70,498,854.50
1.4.2	Non-performing loans	–
1.4.6	Deferred loan payment	–
1.4.7	Accrued interest receivable	337,410.42
1.4.8	(Loan Loss Provision)	(352,494.27)
1.5	Derivative financial assets	–
1.6	Other financial assets	–
1.7	Other non-financial assets	963,714.36
1.8	Fixed assets (net)	1,734,329.33
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	540,031.13
1.12	Total assets	203,046,563.95
2	LIABILITIES
2.1	Current account	225,247.43
2.2	Savings	29,095.80
2.3	Due to banks & financial instituitions	109,986,762.71
2.4	Other deposits	37,000,000.00
2.5	Other liabilities	10,382,219.37
2.10	Total liabilities	157,623,325.30
3	EQUITY
3.1	Share capital	50,000,000.00
3.2	Share premium	–
3.3	Treasury stock	–
3.4	Revaluation surplus	571.18
3.5	Retained earnings	(4,605,279.22)
3.6	Other reserves	27,946.69
3.7	Total equity	45,423,238.65
4	TOTAL LIABILITIES AND EQUITY	203,046,563.95


INCOME STATEMENT

		(in thousands of MNT)
Items		12/31/2017
1	Interest income	3,504,839.66
1.1	from Bank of Mongolia	81,660.11
1.2	From Other banks & financial institutions	8,348.17
1.3	from BoM securities	845,570.89
1.4	Loan interest income	2,569,260.49
1.5	Other interest income	–
2	Interest expense	825,381.56
2.1	Interests paid to Current account	93,803.09
2.2	Interests paid to Savings	659,187.64
2.3	Interest paid to Borrowed fund	10,020.77
2.4	Securities interest expense	62,370.06
2.5	Other interest expense	–
3	NET INTEREST INCOME (1-2)	2,679,458.10
4	Provision expenses	(976,277.64)
4.1	Deposits at other banks and financial sectors	–
4.2	Securities	–
4.3	Loans	(976,277.64)
5	Net interest income after provision [(3)-(4)]	3,655,735.74
6	Other income	986,915.38
6.1	Non-interest income	632,039.34
6.1.1	Trade income	–
6.1.2	Exchange and revaluation adjustment expense	5,876.73
6.1.3	Fees and commission income	94,703.23
6.1.4	Other non-interest income	531,459.38
6.2	Other income	354,876.04
7	Other expense	2,447,533.45
7.1	Non-interest expense	2,014,954.21
7.1.1	Other provision expense	(17,135.86)
7.1.2	Trade expense	102,883.95
7.1.3	Exchange and revaluation adjustment expense
7.1.4	Fees and commission expense	131,863.97
7.1.5	Other operating expense	1,797,342.15
7.2	Other expense	432,579.23
8	Net Profit Before Taxes (5+6-7)	2,195,117.67
9	Income tax expense	245,143.90
10	Net Profit After Taxes (8-9)	1,949,973.77
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	1,949,973.77



PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	52.1%
Capital adequacy ratio		≥ 12%	52.1%
Liquidity		≥ 25%	58.6%
Foreign currency open position ratio (by each currency)		< ±15%	-14.7%
Foreign currency open position ratio (total)		< ±40%	-14.8%

Quarterly financial statements

Year-2017 Quarter- 3

Quarter-3,2017
FINANCIAL STATEMENT

		(in thousands of MNT)
Items		9/30/2017
1	ASSET
1.1	Cash and cash equivalents	37,223,285.98
1.2	Due from banks	–
1.3	Financial investments (available for sale)	9,140.00
1.3.1	Investmens in associates	–
1.4	Loans and advances to customers (net)	24,204,597.47
1.4.1	Performing loans	24,216,432.52
1.4.2	Non-performing loans	–
1.4.6	Deferred loan payment	–
1.4.7	Accrued interest receivable	109,247.11
1.4.8	(Loan Loss Provision)	(121,082.16)
1.5	Derivative financial assets	–
1.6	Other financial assets	631.17
1.7	Other non-financial assets	672,768.56
1.8	Fixed assets (net)	357,131.57
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	517,525.62
1.12	Total assets	62,985,080.37
2	LIABILITIES
2.1	Current account	91,814.72
2.2	Savings	29,494.39
2.3	Due to banks & financial instituitions	17,337,546.37
2.4	Other deposits	–
2.5	Other liabilities	158,427.47
2.10	Total liabilities	17,617,282.96
3	EQUITY
3.1	Share capital	50,000,000.00
3.2	Share premium	–
3.3	Treasury stock	–
3.4	Revaluation surplus	16,353.39
3.5	Retained earnings	(4,676,502.66)
3.6	Other reserves	27,946.69
3.7	Total equity	45,367,797.41
4	TOTAL LIABILITIES AND EQUITY	62,985,080.37


INCOME STATEMENT

		(in thousands of MNT)
Items		9/30/2017
1	Interest income	1,085,342.25
1.1	from Bank of Mongolia	–
1.2	From Other banks & financial institutions	34.87
1.3	from BoM securities	98,538.93
1.4	Loan interest income	986,768.45
1.5	Other interest income	–
2	Interest expense	60,589.72
2.1	Interests paid to Current account	–
2.2	Interests paid to Savings	60,589.72
2.3	Interest paid to Borrowed fund	–
2.4	Securities interest expense	–
2.5	Other interest expense	–
3	NET INTEREST INCOME (1-2)	1,024,752.54
4	Provision expenses	94,708.05
4.1	Deposits at other banks and financial sectors	–
4.2	Securities	–
4.3	Loans	94,708.05
5	Net interest income after provision [(3)-(4)]	930,044.48
6	Other income	2,904,819.88
6.1	Non-interest income	2,873,363.70
6.1.1	Trade income	177,280.39
6.1.2	Exchange and revaluation adjustment expense	492,055.67
6.1.3	Fees and commission income	57,182.81
6.1.4	Other non-interest income	2,146,844.83
6.2	Other income	31,456.17
7	Other expense	1,934,915.36
7.1	Non-interest expense	1,679,168.24
7.1.1	Other provision expense	–
7.1.2	Trade expense	273,445.37
7.1.3	Exchange and revaluation adjustment expense	443,691.94
7.1.4	Fees and commission expense	72,104.35
7.1.5	Other operating expense	889,926.58
7.2	Other expense	255,747.12
8	Net Profit Before Taxes (5+6-7)	1,899,948.99
9	Income tax expense	21,198.67
10	Net Profit After Taxes (8-9)	1,878,750.33
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	1,878,750.33



PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	110.1%
Capital adequacy ratio		≥ 12%	110.1%
Liquidity		≥ 25%	211.4%
Foreign currency open position ratio (by each currency)		< ±15%	14.4%
Foreign currency open position ratio (total)		< ±40%	37.3%

Quarterly financial statements

Year-2017 Quarter- 2

Quarter-2,2017
FINANCIAL STATEMENT

		(in thousands of MNT)
Items		6/30/2017
1	ASSET
1.1	Cash and cash equivalents	4,461,432.55
1.2	Due from banks	–
1.3	Financial investments (available for sale)	9,140.00
1.3.1	Investmens in associates	–
1.4	Loans and advances to customers (net)	5,257,693.83
1.4.1	Performing loans	5,277,139.73
1.4.2	Non-performing loans	633,521.07
1.4.6	Deferred loan payment	–
1.4.7	Accrued interest receivable	6,939.80
1.4.8	(Loan Loss Provision)	(659,906.76)
1.5	Derivative financial assets	–
1.6	Other financial assets	580,129.04
1.7	Other non-financial assets	251,482.26
1.8	Fixed assets (net)	287,938.01
1.9	Real estate for investment	–
1.10	Assets for sale	–
1.11	Intangible assets	306,002.14
1.12	Total assets	11,153,817.84
2	LIABILITIES
2.1	Current account	71,231.98
2.2	Savings	28,817.65
2.3	Due to banks & financial instituitions	557.55
2.4	Other deposits	–
2.5	Other liabilities	247,976.02
2.10	Total liabilities	348,583.19
3	EQUITY
3.1	Share capital	16,000,000.00
3.2	Share premium	–
3.3	Treasury stock	–
3.4	Revaluation surplus	16,353.39
3.5	Retained earnings	(5,239,065.43)
3.6	Other reserves	27,946.69
3.7	Total equity	10,805,234.65
4	TOTAL LIABILITIES AND EQUITY	11,153,817.84


INCOME STATEMENT

		(in thousands of MNT)
Items		6/30/2017
1	Interest income	550,896.43
1.1	from Bank of Mongolia	–
1.2	From Other banks & financial institutions	–
1.3	from BoM securities	–
1.4	Loan interest income	550,896.43
1.5	Other interest income	–
2	Interest expense	1,188.37
2.1	Interests paid to Current account	–
2.2	Interests paid to Savings	1,188.37
2.3	Interest paid to Borrowed fund	–
2.4	Securities interest expense	–
2.5	Other interest expense	–
3	NET INTEREST INCOME (1-2)	549,708.06
4	Provision expenses	–
4.1	Deposits at other banks and financial sectors	–
4.2	Securities	–
4.3	Loans	–
5	Net interest income after provision [(3)-(4)]	549,708.06
6	Other income	1,650,627.93
6.1	Non-interest income	1,476,655.13
6.1.1	Trade income	–
6.1.2	Exchange and revaluation adjustment expense	80,239.62
6.1.3	Fees and commission income	14,133.37
6.1.4	Other non-interest income	1,382,282.13
6.2	Other income	173,972.80
7	Other expense	872,335.45
7.1	Non-interest expense	624,624.08
7.1.1	Other provision expense	5,569.74
7.1.2	Trade expense	–
7.1.3	Exchange and revaluation adjustment expense	78,981.75
7.1.4	Fees and commission expense	29,982.60
7.1.5	Other operating expense	510,089.97
7.2	Other expense	247,711.37
8	Net Profit Before Taxes (5+6-7)	1,328,000.54
9	Income tax expense	11,812.98
10	Net Profit After Taxes (8-9)	1,316,187.56
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	1,316,187.56



PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

Ratios		Limit	Bank
Tier 1 ratio		≥ 9%	188.7%
Capital adequacy ratio		≥ 12%	189.0%
Liquidity		≥ 25%	1279.9%
Foreign currency open position ratio (by each currency)		< ±15%	-0.2%
Foreign currency open position ratio (total)		< ±40%	-0.3%