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Quarterly financial statements

Year-2020 Quarter- 1

Quarter-1,2020
FINANCIAL STATEMENT
(in millions of MNT)
Items 3/31/2020
1 ASSET
1.1 Cash and cash equivalents                    137,435.97
1.2 Due from banks and financial institutions                                     –
1.3 Financial investments                      47,555.46
 1.3.1 Investmens in associates                                     –
1.4 Loans and advances to customers (net)                    268,927.75
 1.4.1 Performing loans                    258,265.78
 1.4.2 Non-performing loans                      18,553.46
 1.4.3 Deferred loan payment                                     –
 1.4.4 Accrued interest receivable                        2,742.45
 1.4.5 Loan Loss Provision                    (10,633.94)
1.5 Derivative financial assets                                     –
1.6 Other financial assets                                 0.28
1.7 Other non-financial assets                        6,152.64
1.8 Fixed assets (net)                        7,141.54
1.9 Real estate for investment                                     –
1.10 Assets for sale                                     –
1.11 Intangible assets                            664.78
1.12 Total assets                    467,878.42
2 LIABILITIES
2.1 Current account                      54,413.44
2.2 Savings account                    149,833.75
2.3 Due to banks and financial instituitions                    127,659.83
2.4 Other deposits                      25,227.73
2.5 Other liabilities                      28,500.86
2.10 Total liabilities                    385,635.60
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/                        4,108.56
3.6 Other reserves                            133.69
3.7 Total equity                      82,242.82
4 TOTAL LIABILITIES AND EQUITY                    467,878.42
INCOME STATEMENT
(in millions of MNT)
Items 3/31/2020
1 Interest income                      12,578.62
 1.1 From Bank of Mongolia                            144.14
 1.2 From Other banks & financial institutions                            891.15
 1.3 From securities                        1,497.08
 1.4 From loans                      10,046.24
 1.5 Other interest income                                     –
2 Interest expense                        8,995.93
 2.1 Interest expense on current account                            462.52
 2.2 Interest expense on savings account                        7,516.81
 2.3 Interest expense on borrowed funds                                 5.17
 2.4 Interest expense on securities                            838.76
 2.5 Other interest expense                            172.67
3 NET INTEREST INCOME (1-2)                        3,582.69
4 Provision expenses                        2,311.31
 4.1 Deposits at other banks and financial institutions                                     –
 4.2 Securities                                     –
 4.3 Loans                        2,311.31
5 Net interest income after provision [(3)-(4)]                        1,271.38
6 Other income                        1,884.29
 6.1 Non-interest income                        1,696.44
  6.1.1 Trading income                        1,456.87
  6.1.2 Exchange and revaluation adjustment expense                              48.82
  6.1.3 Fees and commission income                            145.60
  6.1.4 Other non-interest income                              45.14
 6.2 Other income                            187.85
7 Other expense                        2,506.20
 7.1 Non-interest expense                        2,469.42
  7.1.1 Other provision expense                                     –
  7.1.2 Trade expense                                     –
  7.1.3 Exchange and revaluation adjustment expense                                     –
  7.1.4 Fees and commission expense                              96.52
  7.1.5 Other operating expense                        2,372.90
 7.2 Other expense                              36.78
8 Profit Before Tax (5+6-7)                            649.46
9 Income tax expense                              59.99
10 Profit After Taxes (8-9)                            589.48
11 Other comprehensive income                                     –
12 Total comprehensive income for the year (10+11)                            589.48
OFF BALANCE SHEET
(in millions of MNT)
Contingencies and commitments (net)                        1,748.52
PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA
Ratios Limit Bank
Tier 1 ratio ≥ 9% 23.5%
Capital adequacy ratio ≥ 12% 23.5%
Liquidity ≥ 20% 31.8%
Foreign currency open position ratio (by each currency) < ±15% 4.1%
Foreign currency open position ratio (total) < ±30% 11.6%

 

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                        3,941.76 4.8%
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                              45.46 0.1%
2.3. Other related parties  Loan                        8,557.37 10.4%

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