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Quarterly financial statements

Year-2019 Quarter- 2

Quarter-2,2019
FINANCIAL STATEMENT
(in millions of MNT)
Items 6/30/2019
1 ASSET
1.1 Cash and cash equivalents                     123,003.92
1.2 Due from banks and financial institutions                       10,010.27
1.3 Financial investments                       85,410.09
 1.3.5 Investmens in associates
1.4 Loans and advances to customers (net)                     289,527.99
 1.4.1 Performing loans                     281,350.94
 1.4.2 Non-performing loans                         9,200.00
 1.4.6 Deferred loan payment                                      –
 1.4.7 Accrued interest receivable                         1,301.20
 1.4.8 Loan Loss Provision                       (2,324.15)
1.5 Derivative financial assets                                      –
1.6 Other financial assets                               (0.03)
1.7 Other non-financial assets                             873.62
1.8 Fixed assets (net)                         4,490.18
1.9 Real estate for investment                                      –
1.10 Assets for sale                                      –
1.11 Intangible assets                             525.99
1.12 Total assets                     513,842.04
2 LIABILITIES
2.1 Current account                       20,749.21
2.2 Savings account                     126,650.18
2.3 Due to banks and financial instituitions                     196,350.83
2.4 Other deposits                       53,810.56
2.5 Other liabilities                       34,481.14
2.10 Total liabilities                     432,041.92
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/                         3,706.61
3.6 Other reserves                               92.93
3.7 Total equity                       81,800.11
4 TOTAL LIABILITIES AND EQUITY                     513,842.04
INCOME STATEMENT
(in millions of MNT)
Items 6/30/2019
1 Interest income                       28,393.10
 1.1 From Bank of Mongolia                               46.08
 1.2 From Other banks & financial institutions                         2,300.40
 1.3 From securities                         5,552.01
 1.4 From loans                       20,524.61
 1.5 Other interest income                                      –
2 Interest expense                       19,488.31
 2.1 Interest expense on current account                             286.60
 2.2 Interest expense on savings account                       15,599.71
 2.3 Interest expense on borrowed funds                                  2.95
 2.4 Interest expense on securities                         3,498.71
 2.5 Other interest expense                             100.35
3 NET INTEREST INCOME (1-2)                         8,904.78
4 Provision expenses                             413.00
 4.1 Deposits at other banks and financial institutions                                      –
 4.2 Securities                                      –
 4.3 Loans                             413.00
5 Net interest income after provision [(3)-(4)]                         8,491.79
6 Other income                             736.18
 6.1 Non-interest income                             506.92
  6.1.1 Trading income                                      –
  6.1.2 Exchange and revaluation adjustment expense                             147.78
  6.1.3 Fees and commission income                             359.14
  6.1.4 Other non-interest income                                      –
 6.2 Other income                             229.26
7 Other expense                         3,751.17
 7.1 Non-interest expense                         3,637.07
  7.1.1 Other provision expense                               47.76
  7.1.2 Trade expense                               83.05
  7.1.3 Exchange and revaluation adjustment expense                                      –
  7.1.4 Fees and commission expense                             172.36
  7.1.5 Other operating expense                         3,333.91
 7.2 Other expense                             114.10
8 Profit Before Tax (5+6-7)                         5,476.80
9 Income tax expense                             892.27
10 Profit After Taxes (8-9)                         4,584.53
11 Other comprehensive income                                      –
12 Total comprehensive income for the year (10+11)                         4,584.53
OFF BALANCE SHEET
(in millions of MNT)
Contingencies and commitments (net)                         2,550.28
PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA
Ratios Limit Bank
Tier 1 ratio ≥ 9% 21.0%
Capital adequacy ratio ≥ 12% 21.0%
Liquidity ≥ 25% 37.3%
Foreign currency open position ratio (by each currency) < ±15% 3.0%
Foreign currency open position ratio (total) < ±40% 3.2%

 

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  Loan          23.29 0.0%
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          68.94 0.1%
2.3. Other related parties  Loan    4,648.60 5.7%

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