|
2023 |
2022 | 2021 | 2020 |
2019 |
|
| Balance sheet (MNT million) | |||||
| Total assets |
1,213,495 |
1,162,001 | 733,121 | 360,158 |
524,421 |
| Deposits from customers |
676,805 |
579,764 | 363,476 | 96,842 |
306,001 |
| Loans and advances to customers (Net) |
671,768 |
556,701 | 433,651 | 216,739 |
254,428 |
| Retained earnings |
41,711 |
30,030 | 20,398 | 8,993 |
3,519 |
| Total equity |
196,899 |
186,223 | 182,641 | 109,040 |
81,653 |
| Income statement (MNT million) | |||||
| Interest income |
117,843 |
85,122 | 50,815 | 44,854 |
57,525 |
| Interest expense |
(74,556) |
(45,957) | (24,882) | (25,090) |
(39,898) |
| Net interest income |
43,288 |
39,165 | 25,933 | 19,765 |
17,627 |
| Net fees and commission income (expense) |
(407) |
56 | (85) | (106) |
272 |
| Net trading income |
3,256 |
4,038 | 1,457 | 2,494 |
872 |
| Other income (expense) from other financial instruments at FVTPL |
1,103 |
(1,947) | (178) | 50 |
(140) |
| Other income |
795 |
3,536 | 55 | 683 |
790 |
| Impairment losses on financial instruments |
(8,975) |
(9,300) | (589) | (8,134) |
(6,414) |
| Operating expenses |
(26,950) |
(21,916) | (12,747) | (8,613) |
(7,480) |
| Profit before tax |
12,109 |
13,632 | 13,845 | 6,140 |
5,527 |
| Income tax expense |
(1,484) |
(2,944) | (2,441) | (665) |
(1,130) |
| Net profit for the year |
10,625 |
10,688 | 11,404 | 5,474 |
4,397 |
| PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA (%) | |||||
| Capital adequacy ratio |
22.7% |
26.8% | 33.5% | 39.7% |
27.2% |
| Liquidity ratio |
33.8% |
37.0% | 32.9% | 28.5% |
53.1% |
| Foreign currency open position ratio (single currency) |
-2.9% |
-2.6% | -2.4% | -9.4% |
4.9% |
| Foreign currency open position ratio (total) |
-8.1% |
-3.2% | -4.8% | -9.4% |
-14.2% |
STATEMENT OF FINANCIAL POSITION
(MNT million)
| 1 | ASSETS | ||
| 1.1 | Cash and cash equivalents |
328,921 |
|
| 1.2 | Due from banks and financial institutions |
78,448 |
|
| 1.3 | Financial investments |
62,678 |
|
| 1.4 | Loans and advances to customers (net) |
671,768 |
|
| 1.4.1 | Performing loans |
632,883 |
|
| 1.4.2 | Non-performing loans |
62,023 |
|
| 1.4.3 | Deferred loan payment |
(159) |
|
| 1.4.4 | Accrued interest receivable |
15,013 |
|
| 1.4.5 | Loan loss provision |
(37,992) |
|
| 1.5 | Derivative financial assets |
2,443 |
|
| 1.6 | Other financial assets |
318 |
|
| 1.7 | Other non-financial assets |
10,065 |
|
| 1.8 | Fixed assets |
19,603 |
|
| 1.9 | Properties held for sale |
26,184 |
|
| 1.1 | Intangible assets |
13,067 |
|
| 1.11 | Total assets |
1,213,495 |
|
| 2 | LIABILITIES | ||
| 2.1 | Current accounts |
92,072 |
|
| 2.2 | Savings accounts |
482,662 |
|
| 2.3 | Due to banks and financial institutions |
368,298 |
|
| 2.4 | Other funds |
47,667 |
|
| 2.5 | Derivative financial liabilities |
3,409 |
|
| 2.6 | Other liabilities |
22,488 |
|
| 2.7 | Total liabilities |
1,016,596 |
|
| 3 | EQUITY | ||
| 3.1 | Share capital |
146,474 |
|
| 3.2 | Share premium |
15,647 |
|
| 3.3 | Treasury shares |
(7,032) |
|
| 3.4 | Retained earnings |
41,711 |
|
| 3.5 | Other reserves |
99 |
|
| 3.6 | Total equity |
196,899 |
|
| 4 | TOTAL LIABILITIES AND EQUITY |
1,213,495 |
|
(MNT million)
| OFF BALANCE SHEET | |
| Contingencies and commitments (net) |
16,670 |
INCOME STATEMENT
(MNT million)
| 1 | Interest income |
117,629 |
| 1.1 | From Bank of Mongolia |
1,848 |
| 1.2 | From banks and financial institutions |
3,404 |
| 1.3 | From securities |
7,766 |
| 1.4 | From loans |
100,867 |
| 1.5 | Other interest income |
3,744 |
| 2 | Interest expense |
74,556 |
| 2.1 | Interest expense on current accounts |
1,878 |
| 2.2 | Interest expense on savings accounts |
61,858 |
| 2.3 | Interest expense on borrowed funds |
2,933 |
| 2.4 | Interest expense on securities |
1,051 |
| 2.5 | Other interest expenses |
6,836 |
| 3 | Net interest income (1-2) |
43,073 |
| 4 | Provision expense |
8,831 |
| 4.1 | Deposits at banks and financial institutions |
252 |
| 4.2 | Securities |
40 |
| 4.3 | Loans |
8,539 |
| 5 | Net income after provision (3-4) |
34,242 |
| 6 | Other income |
31,858 |
| 6.1 | Non-interest income | 31,115 |
| 6.1.1 | Trading income |
14,230 |
| 6.1.2 | Foreign exchange and revaluation income |
15,272 |
| 6.1.3 | Fees and commission income |
1,307 |
| 6.1.4 | Other non-interest income |
306 |
| 6.2 | Other income, gain |
743 |
| 7 | Other expenses |
53,991 |
| 7.1 | Non-interest expenses |
53,762 |
| 7.1.1 | Other provision expense |
381 |
| 7.1.2 | Trading expense |
10,974 |
| 7.1.3 | Foreign exchange and revaluation expense |
14,939 |
| 7.1.4 | Fees and commission expense |
1,499 |
| 7.1.5 | Other operating expenses |
25,969 |
| 7.2 | Other expenses, losses |
229 |
| 8 | Profit Before Tax (5+6-7) |
12,109 |
| 9 | Income tax expense |
1,484 |
| 10 | Net profit for the year (8-9) |
10,625 |
| 11 | Other comprehensive income |
52 |
| 12 | Total comprehensive income for the year (10+11) |
10,677 |
|
PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA |
LIMIT |
PERFORMANCE |
| Tier 1 capital ratio |
≥ 9% |
22.5% |
| Capital adequacy ratio |
≥ 12% |
22.5% |
| Liquidity ratio |
≥ 25% |
33.8% |
| Foreign currency open position ratio (single currency) |
< ±15% |
-2.9% |
| Foreign currency open position ratio (total) |
< ±30% |
-8.1% |
|
LOANS AND ADVANCES TO RELATED PARTIES |
CATEGORY OF ASSETS | BALANCE (MNT million) |
PERCENT OF TOTAL EQUITY |
|
| 1 | Loans and advances to a related party (less than 5% of total equity) |
3.2% |
||
| 1.1 | Bank shareholders |
– |
– |
0.0% |
| 1.2 | Key management personnel |
– |
– |
0.0% |
| 1.3 | Other related parties |
Loan |
6,351 |
3.2% |
| 2 | Total loans and advances to related parties (less than 20% of total equity) |
12.4% |
||
| 2.1 | Bank shareholders |
Loan |
100 |
0.1% |
| 2.2 | Key management personnel |
Loan |
404 |
0.2% |
| 2.3 | Other related parties |
Loan |
23,907 |
12.1% |
Categories
report_test_2024
STATEMENT OF FINANCIAL POSITION
(MNT million)
| 1 | ASSETS | ||
| 1.1 | Cash and cash equivalents |
217,295 |
|
| 1.2 | Due from banks and financial institutions |
72,350 |
|
| 1.3 | Financial investments |
72,145 |
|
| 1.4 | Loans and advances to customers (net) |
680,793 |
|
| 1.4.1 | Performing loans |
647,070 |
|
| 1.4.2 | Non-performing loans |
58,622 |
|
| 1.4.3 | Deferred loan payment |
(159) |
|
| 1.4.4 | Accrued interest receivable |
15,776 |
|
| 1.4.5 | Loan loss provision |
(40,516) |
|
| 1.5 | Derivative financial assets |
2,325 |
|
| 1.6 | Other financial assets |
569 |
|
| 1.7 | Other non-financial assets |
15,204 |
|
| 1.8 | Fixed assets |
19,142 |
|
| 1.9 | Properties held for sale |
26,184 |
|
| 1.1 | Intangible assets |
13,215 |
|
| 1.11 | Total assets |
1,119,222 |
|
| 2 | LIABILITIES | ||
| 2.1 | Current accounts |
82,796 |
|
| 2.2 | Savings accounts |
491,964 |
|
| 2.3 | Due to banks and financial institutions |
234,434 |
|
| 2.4 | Other funds |
78,281 |
|
| 2.5 | Derivative financial liabilities |
3,354 |
|
| 2.6 | Other liabilities |
25,835 |
|
| 2.7 | Total liabilities |
916,664 |
|
| 3 | EQUITY | ||
| 3.1 | Share capital |
146,474 |
|
| 3.2 | Share premium |
15,647 |
|
| 3.3 | Treasury shares |
(7,032) |
|
| 3.4 | Retained earnings |
47,370 |
|
| 3.5 | Other reserves |
99 |
|
| 3.6 | Total equity |
202,558 |
|
| 4 | TOTAL LIABILITIES AND EQUITY |
1,119,222 |
|
(MNT million)
| OFF BALANCE SHEET | ||
| Contingencies and commitments (net) |
16,091 |
|
INCOME STATEMENT
(MNT million)
| 1 | Interest income | 35,199 | |
| 1.1 | From Bank of Mongolia | 56 | |
| 1.2 | From banks and financial institutions | 337 | |
| 1.3 | From securities | 3,017 | |
| 1.4 | From loans | 31,254 | |
| 1.5 | Other interest income | 535 | |
| 2 | Interest expense | 21,417 | |
| 2.1 | Interest expense on current accounts | 558 | |
| 2.2 | Interest expense on savings accounts | 17,808 | |
| 2.3 | Interest expense on borrowed funds | 1,515 | |
| 2.4 | Interest expense on securities | 201 | |
| 2.5 | Other interest expenses | 1,335 | |
| 3 | Net interest income (1-2) | 13,782 | |
| 4 | Provision expense | 2,626 | |
| 4.1 | Deposits at banks and financial institutions | – | |
| 4.2 | Securities | – | |
| 4.3 | Loans | 2,626 | |
| 5 | Net income after provision (3-4) | 11,156 | |
| 6 | Other income | 8,057 | |
| 6.1 | Non-interest income | 7,973 | |
| 6.1.1 | Trading income | 1,912 | |
| 6.1.2 | Foreign exchange and revaluation income | 5,598 | |
| 6.1.3 | Fees and commission income | 379 | |
| 6.1.4 | Other non-interest income | 84 | |
| 6.2 | Other income, gain | 84 | |
| 7 | Other expenses | 13,004 | |
| 7.1 | Non-interest expenses | 12,896 | |
| 7.1.1 | Other provision expense | – | |
| 7.1.2 | Trading expense | 1,390 | |
| 7.1.3 | Foreign exchange and revaluation expense | 4,963 | |
| 7.1.4 | Fees and commission expense | 305 | |
| 7.1.5 | Other operating expenses | 6,238 | |
| 7.2 | Other expenses, losses | 108 | |
| 8 | Profit Before Tax (5+6-7) | 6,209 | |
| 9 | Income tax expense | 549 | |
| 10 | Net profit for the year (8-9) | 5,660 | |
| 11 | Other comprehensive income | – | |
| 12 | Total comprehensive income for the year (10+11) | 5,660 | |
| PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA | LIMIT | PERFORMANCE |
| Tier 1 capital ratio |
≥ 9% |
23.0% |
| Capital adequacy ratio |
≥ 12% |
23.0% |
| Liquidity ratio |
≥ 25% |
30.1% |
| Foreign currency open position ratio (single currency) |
< ±15% |
-4.9% |
| Foreign currency open position ratio (total) |
< ±30% |
-12.7% |
| LOANS AND ADVANCES TO RELATED PARTIES | CATEGORY OF ASSETS | BALANCE (MNT million) |
PERCENT OF TOTAL EQUITY | |
| 1 | Loans and advances to a related party (less than 5% of total equity) | 3.3% | ||
| 1.1 | Bank shareholders | – | – | 0.0% |
| 1.2 | Key management personnel | – | – | 0.0% |
| 1.3 | Other related parties | Loan | 6,666 | 3.3% |
| 2 | Total loans and advances to related parties (less than 20% of total equity) | 12.0% | ||
| 2.1 | Bank shareholders | Loan | 100 | 0.0% |
| 2.2 | Key management personnel | Loan | 544 | 0.3% |
| 2.3 | Other related parties | Loan | 23,856 | 11.7% |
STATEMENT OF FINANCIAL POSITION
(MNT million)
| 1 | ASSETS | ||
| 1.1 | Cash and cash equivalents |
185,800 |
|
| 1.2 | Due from banks and financial institutions |
39,169 |
|
| 1.3 | Financial investments |
7,359 |
|
| 1.4 | Loans and advances to customers (net) |
642,972 |
|
| 1.4.1 | Performing loans |
612,821 |
|
| 1.4.2 | Non-performing loans |
58,444 |
|
| 1.4.3 | Deferred loan payment |
(140) |
|
| 1.4.4 | Accrued interest receivable |
13,112 |
|
| 1.4.5 | Loan loss provision |
(41,265) |
|
| 1.5 | Derivative financial assets |
1,676 |
|
| 1.6 | Other financial assets |
455 |
|
| 1.7 | Other non-financial assets |
13,121 |
|
| 1.8 | Fixed assets |
17,592 |
|
| 1.9 | Properties held for sale |
17,799 |
|
| 1.1 | Intangible assets |
13,511 |
|
| 1.11 | Total assets |
939,454 |
|
| 2 | LIABILITIES | ||
| 2.1 | Current accounts |
40,476 |
|
| 2.2 | Savings accounts |
347,440 |
|
| 2.3 | Due to banks and financial instituitions |
307,598 |
|
| 2.4 | Other funds |
14,162 |
|
| 2.5 | Derivative financial liabilities |
2,990 |
|
| 2.6 | Other liabilities |
24,340 |
|
| 2.7 | Total liabilities |
737,006 |
|
| 3 | EQUITY | ||
| 3.1 | Share capital |
146,474 |
|
| 3.2 | Share premium |
15,647 |
|
| 3.3 | Treasury shares |
(7,032) |
|
| 3.4 | Retained earnings |
47,260 |
|
| 3.5 | Other reserves |
99 |
|
| 3.6 | Total equity |
202,448 |
|
| 4 | TOTAL LIABILITIES AND EQUITY |
939,454 |
|
(MNT million)
| OFF BALANCE SHEET | ||
| Contingencies and commitments (net) |
11,553 |
|
INCOME STATEMENT
(MNT million)
| 1 | Interest income | 62,130 |
| 1.1 | From Bank of Mongolia |
118 |
| 1.2 | From banks and financial institutions |
573 |
| 1.3 | From securities |
4,142 |
| 1.4 | From loans |
56,158 |
| 1.5 | Other interest income |
1,139 |
| 2 | Interest expense | 42,128 |
| 2.1 | Interest expense on current accounts |
826 |
| 2.2 | Interest expense on savings accounts |
28,503 |
| 2.3 | Interest expense on borrowed funds |
9,844 |
| 2.4 | Interest expense on securities |
283 |
| 2.5 | Other interest expenses |
2,672 |
| 3 | Net interest income (1-2) | 20,002 |
| 4 | Provision expense |
3,363 |
| 4.1 | Deposits at banks and financial institutions |
– |
| 4.2 | Securities |
– |
| 4.3 | Loans |
3,363 |
| 5 | Net income after provision (3-4) | 16,639 |
| 6 | Other income | 12,381 |
| 6.1 | Non-interest income | 12,246 |
| 6.1.1 | Trading income |
4,921 |
| 6.1.2 | Foreign exchange and revaluation income |
6,448 |
| 6.1.3 | Fees and commission income |
760 |
| 6.1.4 | Other non-interest income |
117 |
| 6.2 | Other income, gain |
135 |
| 7 | Other expenses | 22,797 |
| 7.1 | Non-interest expenses | 22,468 |
| 7.1.1 | Other provision expense |
925 |
| 7.1.2 | Trading expense |
2,138 |
| 7.1.3 | Foreign exchange and revaluation expense |
5,975 |
| 7.1.4 | Fees and commission expense |
800 |
| 7.1.5 | Other operating expenses | 12,630 |
| 7.2 | Other expenses, losses |
329 |
| 8 | Profit Before Tax (5+6-7) |
6,223 |
| 9 | Income tax expense |
674 |
| 10 | Net profit for the year (8-9) |
5,549 |
| 11 | Other comprehensive income |
– |
| 12 | Total comprehensive income for the year (10+11) |
5,549 |
| PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA | LIMIT | PERFORMANCE |
| Tier 1 capital ratio |
≥ 9% |
24.3% |
| Capital adequacy ratio |
≥ 12% |
24.3% |
| Liquidity ratio |
≥ 25% |
30.8% |
| Foreign currency open position ratio (single currency) |
< ±15% |
8.4% |
| Foreign currency open position ratio (total) |
< ±30% |
10.4% |
| LOANS AND ADVANCES TO RELATED PARTIES | CATEGORY OF ASSETS | BALANCE (MNT million) |
PERCENT OF TOTAL EQUITY | |
| 1 | Loans and advances to a related party (less than 5% of total equity) | 3.2% | ||
| 1.1 | Bank shareholders | – | – | 0.0% |
| 1.2 | Key management personnel | – | – | 0.0% |
| 1.3 | Other related parties | Loan | 6,449 | 3.2% |
| 2 | Total loans and advances to related parties (less than 20% of total equity) | 11.9% | ||
| 2.1 | Bank shareholders | Loan | 100 | 0.0% |
| 2.2 | Key management personnel | Loan | 532 | 0.3% |
| 2.3 | Other related parties | Loan | 23,590 | 11.6% |
STATEMENT OF FINANCIAL POSITION
(MNT million)
| 1 | ASSETS | |
| 1.1 | Cash and cash equivalents | 184,400 |
| 1.2 | Due from banks and financial institutions | 44,971 |
| 1.3 | Financial investments | 25,173 |
| 1.4 | Loans and advances to customers (net) | 651,366 |
| 1.4.1 | Performing loans | 615,595 |
| 1.4.2 | Non-performing loans | 56,644 |
| 1.4.3 | Deferred loan payment | (104) |
| 1.4.4 | Accrued interest receivable | 16,528 |
| 1.4.5 | Loan loss provision | (37,297) |
| 1.5 | Derivative financial assets | 1,069 |
| 1.6 | Other financial assets | 1,130 |
| 1.7 | Other non-financial assets | 21,298 |
| 1.8 | Fixed assets | 17,792 |
| 1.9 | Properties held for sale | 24,267 |
| 1.1 | Intangible assets | 13,470 |
| 1.11 | Total assets | 984,936 |
| 2 | LIABILITIES | |
| 2.1 | Current accounts | 47,347 |
| 2.2 | Savings accounts | 430,781 |
| 2.3 | Due to banks and financial institutions | 242,506 |
| 2.4 | Other funds | 30,997 |
| 2.5 | Derivative financial liabilities | 1,827 |
| 2.6 | Other liabilities | 26,526 |
| 2.7 | Total liabilities | 779,984 |
| 3 | EQUITY | |
| 3.1 | Share capital | 146,474 |
| 3.2 | Share premium | 15,647 |
| 3.3 | Treasury shares | (7,032) |
| 3.4 | Retained earnings | 49,764 |
| 3.5 | Other reserves | 99 |
| 3.6 | Total equity | 204,952 |
| 4 | TOTAL LIABILITIES AND EQUITY | 984,936 |
(MNT million)
| OFF BALANCE SHEET | |||
| Contingencies and commitments (net) | 12,107 | ||
INCOME STATEMENT
(MNT million)
| 1 | Interest income |
90,001 |
| 1.1 | From Bank of Mongolia |
164 |
| 1.2 | From banks and financial institutions | 667 |
| 1.3 | From securities | 6,932 |
| 1.4 | From loans | 80,590 |
| 1.5 | Other interest income | 1,648 |
| 2 | Interest expense | 65,392 |
| 2.1 | Interest expense on current accounts | 1,057 |
| 2.2 | Interest expense on savings accounts | 42,517 |
| 2.3 | Interest expense on borrowed funds | 17,433 |
| 2.4 | Interest expense on securities | 363 |
| 2.5 | Other interest expenses | 4,022 |
| 3 | Net interest income (1-2) | 24,609 |
| 4 | Provision expense | – |
| 4.1 | Deposits at banks and financial institutions | – |
| 4.2 | Securities | – |
| 4.3 | Loans | – |
| 5 | Net income after provision (3-4) | 24,609 |
| 6 | Other income | 17,737 |
| 6.1 | Non-interest income | 17,596 |
| 6.1.1 | Trading income | 7,363 |
| 6.1.2 | Foreign exchange and revaluation income | 8,519 |
| 6.1.3 | Fees and commission income | 1,043 |
| 6.1.4 | Other non-interest income | 671 |
| 6.2 | Other income, gain | 141 |
| 7 | Other expenses | 32,494 |
| 7.1 | Non-interest expenses | 31,829 |
| 7.1.1 | Other provision expense | 946 |
| 7.1.2 | Trading expense | 2,811 |
| 7.1.3 | Foreign exchange and revaluation expense | 8,087 |
| 7.1.4 | Fees and commission expense | 1,161 |
| 7.1.5 | Other operating expenses | 18,824 |
| 7.2 | Other expenses, losses | 665 |
| 8 | Profit Before Tax (5+6-7) | 9,852 |
| 9 | Income tax expense | 1,799 |
| 10 | Net profit for the year (8-9) | 8,053 |
| 11 | Other comprehensive income | – |
| 12 | Total comprehensive income for the year (10+11) | 8,053 |
| PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA | LIMIT | PERFORMANCE |
| Tier 1 capital ratio | ≥ 9% | 23.9% |
| Capital adequacy ratio | ≥ 12% | 23.9% |
| Liquidity ratio | ≥ 25% | 30.2% |
| Foreign currency open position ratio (single currency) | < ±15% | 7.2% |
| Foreign currency open position ratio (total) | < ±30% | 14.5% |
| LOANS AND ADVANCES TO RELATED PARTIES | CATEGORY OF ASSETS | BALANCE (MNT million) |
PERCENT OF TOTAL EQUITY | |
| 1 | Loans and advances to a related party (less than 5% of total equity) | 3.3% | ||
| 1.1 | Bank shareholders | – | – | – |
| 1.2 | Key management personnel | – | – | – |
| 1.3 | Other related parties | Loan | 6,780 | 3.3% |
| 2 | Total loans and advances to related parties (less than 20% of total equity) | 11.2% | ||
| 2.1 | Bank shareholders | Loan | 100 | 0.0% |
| 2.2 | Key management personnel | Loan | 1,125 | 0.5% |
| 2.3 | Other related parties | Loan | 21,805 | 10.6% |
Categories
general-introduction_post
general-introduction
Categories
business-strategy_post
business-strategy_post
reduction-non-quality-assets_post
transbanks-milestones-and-history_post