Category: Quarterly financial statements

Year-2016 Quarter- 4

Quarter-4,2016
FINANCIAL STATEMENT

	(in thousand of MNT)
FINANCIAL STATEMENT	12/31/2016
ASSET
Cash and cash equivalents	178,186.35
Due from banks	53,779.47
Financial investments	–
Loans and advances to customers (net)	7,324,724.80
Foreclosed assets /net/	1,181,325.00
Other financial assets	400,702.56
Fixed assets (net)	740,948.95
Intangible assets	7,763.51
Total assets	9,887,430.63
LIABILITIES
Current account	161,484.32
Savings	40,280.05
Other liabilities	205,759.17
Total liabilities	407,523.55
EQUITY
Ordinary shares	16,000,000.00
Revaluation surplus	16,353.39
Other components of equity	27,946.69
Retained earnings /loss/	(6,564,392.99)
Total equity	9,479,907.09
TOTAL LIABILITIES AND EQUITY	9,887,430.63

INCOME STATEMENT

	(in thousand of MNT)
INCOME STATEMENT	12/31/2016
Interest income	345,812.46
Interest expense	1,859.26
NET INTEREST INCOME (1-2)	343,953.20
Net trading gain/loss	(174.37)
Foreign currency revaulation gain/loss	(10,699.61)
Other operating income	84.50
Non-interest income	(10,789.48)
Net operating income	333,163.72
Other operating expense	587,792.72
Profit/loss before provision	(254,629.00)
Provision expense	154,761.39
Net operating gain/loss	(409,390.39)
Non-operating income	307,310.94
Non-operating expense	324,633.10
Profit Before Tax	(426,712.55)
Income tax expense
Net profit	(426,712.55)




PREDENTIAL RATIOS BY THE BANK OF MONGOLIA	Limit	12/31/2016
Capital adequacy ratio	≥ 12%	113.87%
Tier 1 ratio	≥ 9%	113.67%
Liquidity	≥ 25%	56.92%
Foreign currency open position ratio (by each currency)	< ±15%	-0.30%
Foreign currency open position ratio (total)	< ±40%	0.20%
Consentration risk of credit ratio <20%	<20%	21.10%
Related party’s debt to equity ratio <5%	<5%	0.00%

Quarterly financial statements

Year-2016 Quarter- 3

Quarter-3,2016
FINANCIAL STATEMENT

	(in thousand of MNT)
FINANCIAL STATEMENT	09/30/2016
ASSET
Cash and cash equivalents	7,939.54
Due from banks	9,775.04
Financial investments	9,140.00
Loans and advances to customers (net)	7,793,044.93
Foreclosed assets /net/	1,181,325.00
Other financial assets	290,850.93
Fixed assets (net)	721,678.68
Intangible assets	1,066.77
Total assets	10,014,820.90
LIABILITIES
Current account	134,921.95
Savings	29,359.59
Other liabilities	165,348.67
Total liabilities	329,630.21
EQUITY
Ordinary shares	16,000,000.00
Revaluation surplus	16,353.39
Other components of equity	27,946.69
Retained earnings /loss/	(6,359,109.38)
Total equity	9,685,190.69
TOTAL LIABILITIES AND EQUITY	10,014,820.90

INCOME STATEMENT

	(in thousand of MNT)
INCOME STATEMENT	09/30/2016
Interest income	9,755.16
Interest expense	1,442.63
NET INTEREST INCOME (1-2)	8,312.53
Net trading gain/loss	(40.37)
Foreign currency revaulation gain/loss	(6,444.75)
Other operating income	293,138.46
Non-interest income	286,653.34
Net operating income	294,965.87
Other operating expense	426,900.06
Profit/loss before provision	(131,934.20)
Provision expense	89,494.75
Net operating gain/loss	(221,428.95)
Non-operating income
Non-operating expense
Profit Before Tax	(221,428.95)
Income tax expense
Net profit	(221,428.95)




PREDENTIAL RATIOS BY THE BANK OF MONGOLIA	Limit	09/30/2016
Capital adequacy ratio	≥ 12%	43.29%
Tier 1 ratio	≥ 9%	43.10%
Liquidity	≥ 25%	5.37%
Foreign currency open position ratio (by each currency)	< ±15%	1.60%
Foreign currency open position ratio (total)	< ±40%	1.40%
Consentration risk of credit ratio <20%	<20%	20.65%
Related party’s debt to equity ratio <5%	<5%	1.14%

Quarterly financial statements

Year-2016 Quarter- 2

Quarter-2,2016
FINANCIAL STATEMENT

	(in thousand of MNT)
FINANCIAL STATEMENT	06/30/2016
ASSET
Cash and cash equivalents	6,859.35
Due from banks	16,895.05
Financial investments	9,140.00
Loans and advances to customers (net)	7,804,425.47
Foreclosed assets /net/	1,181,325.00
Other financial assets	290,922.49
Fixed assets (net)	737,276.29
Intangible assets	1,132.08
Total assets	10,047,975.73
LIABILITIES
Current account	109,558.12
Savings	28,307.34
Other liabilities	98,787.01
Total liabilities	236,652.48
EQUITY
Ordinary shares	16,000,000.00
Revaluation surplus	16,353.39
Other components of equity	27,946.69
Retained earnings /loss/	(6,232,976.82)
Total equity	9,811,323.26
TOTAL LIABILITIES AND EQUITY	10,047,975.73

INCOME STATEMENT

	(in thousand of MNT)
INCOME STATEMENT	06/30/2016
Interest income	7,844.54
Interest expense	952.90
NET INTEREST INCOME (1-2)	6,891.64
Net trading gain/loss	(0.02)
Foreign currency revaulation gain/loss	538.44
Other operating income	283,040.96
Non-interest income	283,579.38
Net operating income	290,471.02
Other operating expense	245,992.93
Profit/loss before provision	44,478.10
Provision expense	139,357.60
Net operating gain/loss	(94,879.50)
Non-operating income
Non-operating expense	416.88
Profit Before Tax	(95,296.38)
Income tax expense
Net profit	(95,296.38)




PREDENTIAL RATIOS BY THE BANK OF MONGOLIA	Limit	06/30/2016
Capital adequacy ratio	≥ 12%	44.7%
Tier 1 ratio	≥ 9%	44.5%
Liquidity	≥ 25%	10.0%
Foreign currency open position ratio (by each currency)	< ±15%	-1.1%
Foreign currency open position ratio (total)	< ±40%	-0.9%
Consentration risk of credit ratio <20%	<20%	20.4%
Related party’s debt to equity ratio <5%	<5%	1.2%

Quarterly financial statements

Year-2016 Quarter- 1

Quarter-1,2016
FINANCIAL STATEMENT

	(in thousand of MNT)
FINANCIAL STATEMENT	03/31/2016
ASSET
Cash and cash equivalents	11,314.60
Due from banks	13,559.94
Financial investments	9,140.00
Loans and advances to customers (net)	7,118,781.73
Foreclosed assets /net/	1,181,325.00
Other financial assets	291,311.51
Fixed assets (net)	752,873.90
Intangible assets	1,197.40
Total assets	9,379,504.07
LIABILITIES
Current account	88,052.03
Savings	27,423.81
Other liabilities	95,703.04
Total liabilities	211,178.88
EQUITY
Ordinary shares	16,000,000.00
Revaluation surplus	16,353.39
Other components of equity	27,946.69
Retained earnings /loss/	(6,875,974.88)
Total equity	9,168,325.19
TOTAL LIABILITIES AND EQUITY	9,379,504.07

INCOME STATEMENT

	(in thousand of MNT)
INCOME STATEMENT	03/31/2016
Interest income	4,868.11
Interest expense	474.18
NET INTEREST INCOME (1-2)	4,393.93
Net trading gain/loss	–
Foreign currency revaulation gain/loss	(1,358.02)
Other operating income	8,867.67
Non-interest income	7,509.65
Net operating income	11,903.58
Other operating expense	112,944.00
Profit/loss before provision	(101,040.42)
Provision expense	637,134.27
Net operating gain/loss	(738,174.69)
Non-operating income
Non-operating expense	119.76
Profit Before Tax	(738,294.45)
Income tax expense
Net profit	(738,294.45)




PREDENTIAL RATIOS BY THE BANK OF MONGOLIA	Limit	03/31/2016
Capital adequacy ratio	≥ 12%	33.86%
Tier 1 ratio	≥ 9%	33.69%
Liquidity	≥ 25%	11.66%
Foreign currency open position ratio (by each currency)	< ±15%	-1.30%
Foreign currency open position ratio (total)	< ±40%	-1.10%
Consentration risk of credit ratio <20%	<20%	21.81%
Related party’s debt to equity ratio <5%	<5%	1.27%