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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%

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