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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%

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