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Quarterly financial statements

Year-2020 Quarter- 2

Quarter-2,2020
FINANCIAL STATEMENT
(in millions of MNT)
Items 6/30/2020
1 ASSET
1.1 Cash and cash equivalents                    137,160.43
1.2 Due from banks and financial institutions                                     –
1.3 Financial investments                      13,134.02
 1.3.1 Investmens in associates                                     –
1.4 Loans and advances to customers (net)                    252,408.72
 1.4.1 Performing loans                    248,474.88
 1.4.2 Non-performing loans                      14,786.20
 1.4.3 Deferred loan payment                                     –
 1.4.4 Accrued interest receivable                        1,454.35
 1.4.5 Loan Loss Provision                    (12,306.71)
1.5 Derivative financial assets                                     –
1.6 Other financial assets                                 2.47
1.7 Other non-financial assets                        3,699.34
1.8 Fixed assets (net)                        7,214.57
1.9 Real estate for investment                                     –
1.10 Assets for sale                                     –
1.11 Intangible assets                            627.89
1.12 Total assets                    414,247.44
2 LIABILITIES
2.1 Current account                      24,455.06
2.2 Savings account                    124,946.91
2.3 Due to banks and financial instituitions                    150,728.39
2.4 Other deposits                            250.70
2.5 Other liabilities                      30,077.96
2.10 Total liabilities                    330,459.01
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/                        5,654.17
3.6 Other reserves                            133.69
3.7 Total equity                      83,788.43
4 TOTAL LIABILITIES AND EQUITY                    414,247.44
INCOME STATEMENT
(in millions of MNT)
Items 6/30/2020
1 Interest income                      23,923.68
 1.1 From Bank of Mongolia                            187.38
 1.2 From Other banks & financial institutions                        1,631.72
 1.3 From securities                        2,398.20
 1.4 From loans                      19,706.38
 1.5 Other interest income                                     –
2 Interest expense                      15,455.11
 2.1 Interest expense on current account                            604.60
 2.2 Interest expense on savings account                      13,001.28
 2.3 Interest expense on borrowed funds                              65.92
 2.4 Interest expense on securities                        1,434.21
 2.5 Other interest expense                            349.09
3 NET INTEREST INCOME (1-2)                        8,468.58
4 Provision expenses                        3,864.58
 4.1 Deposits at other banks and financial institutions                                     –
 4.2 Securities                                     –
 4.3 Loans                        3,864.58
5 Net interest income after provision [(3)-(4)]                        4,604.00
6 Other income                        4,026.79
 6.1 Non-interest income                        3,701.67
  6.1.1 Trading income                        2,968.51
  6.1.2 Exchange and revaluation adjustment expense                            401.16
  6.1.3 Fees and commission income                            286.85
  6.1.4 Other non-interest income                              45.14
 6.2 Other income                            325.12
7 Other expense                        6,375.08
 7.1 Non-interest expense                        6,279.01
  7.1.1 Other provision expense                                     –
  7.1.2 Trade expense                        1,189.57
  7.1.3 Exchange and revaluation adjustment expense                            311.22
  7.1.4 Fees and commission expense                            222.26
  7.1.5 Other operating expense                        4,555.96
 7.2 Other expense                              96.07
8 Profit Before Tax (5+6-7)                        2,255.70
9 Income tax expense                            120.61
10 Profit After Taxes (8-9)                        2,135.09
11 Other comprehensive income                                     –
12 Total comprehensive income for the year (10+11)                        2,135.09
OFF BALANCE SHEET
(in millions of MNT)
Contingencies and commitments (net)                        1,932.87
PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA
Ratios Limit Bank
Tier 1 ratio ≥ 9% 22.2%
Capital adequacy ratio ≥ 12% 22.2%
Liquidity ≥ 20% 22.2%
Foreign currency open position ratio (by each currency) < ±15% 14.2%
Foreign currency open position ratio (total) < ±30% 16.2%
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
1.3. Other related parties  Loan                        4,008.63 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                            141.48 0.2%
2.3. Other related parties  Loan                      11,395.61 13.6%

 

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                        4,008.63 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                            141.48 0.2%
2.3. Other related parties  Loan                      11,395.61 13.6%

 

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