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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%

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