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Quarterly financial statements

Year-2021 Quarter- 2

Quarter-2,2021
(in millions of MNT)
BALANCE SHEET ITEMS 31/12/2020 30/06/2021
1 ASSET
1.1 Cash and cash equivalents                       108,542                         73,555
1.2 Due from banks and financial institutions                                  –                         14,604
1.3 Financial investments                         23,197                         53,077
1.4 Loans and advances to customers (net)                       216,739                       257,394
1.4.1 Performing loans                       211,821                       250,672
1.4.2 Past due loans                           5,187                           7,539
1.4.3 Non-performing loans                         14,984                         12,537
1.4.4 Deferred loan payment                               (48)                               (67)
1.4.5 Accrued interest receivable                           1,269                           1,946
1.4.6 Loan Loss Provision                       (16,474)                       (15,233)
1.5 Derivative financial assets                                  –                                 29
1.6 Other financial assets                               150                                    6
1.7 Other non-financial assets                           1,712                           5,236
1.8 Fixed assets (net)                           9,360                         10,306
1.9 Intangible assets                               458                               390
1.10 Total assets                       360,158                       414,597
2 LIABILITIES
2.1 Current account                           9,825                           9,372
2.2 Savings account                         78,073                       132,362
2.3 Due to banks and financial instituitions                       132,817                         94,244
2.4 Other deposits                         23,001                         54,364
2.5 Derivative financial liabilities                                  –                                 22
2.6 Other liabilities                           7,402                           8,436
2.7 Total liabilities                       251,118                       298,800
3 EQUITY
3.1 Share capital                       100,000                       100,000
3.2 Revaluation surplus                                    1                                    1
3.3 Retained earnings /loss/                           8,993                         15,750
3.4 Other reserves                                 46                                 46
3.5 Total equity                       109,040                       115,797
4 TOTAL LIABILITIES AND EQUITY                       360,158                       414,597
(in millions of MNT)
INCOME STATEMENT 31/12/2020 30/06/2021
1 Interest income                         44,737                         19,855
1.1 From Bank of Mongolia                               326                                 97
1.2 From Other banks & financial institutions                           3,181                               537
1.3 From securities                           3,312                           1,398
1.4 From loans                         37,918                         17,755
1.5 Other interest income                                  –                                 68
2 Interest expense                         25,090                           9,486
2.1 Interest expense on current account                               614                                  –
2.2 Interest expense on savings account                         21,281                           7,675
2.3 Interest expense on borrowed funds                               576                               862
2.4 Interest expense on securities                           1,959                               544
2.5 Other interest expense                               660                               405
3 NET INTEREST INCOME (1-2)                         19,647                         10,369
4 Provision expenses (provision reverse income)                           7,957                                  –
4.1 Deposits at other banks and financial institutions                                  –                                  –
4.2 Securities                                  –                                  –
4.3 Loans                           7,957                                  –
5 Net interest income after provision [(3)-(4)]                         11,690                         10,369
6 Other income                           6,884                           3,134
6.1 Non-interest income                           6,355                           3,121
6.1.1 Trading income                           5,263                           1,699
6.1.2 Exchange and revaluation adjustment expense                               644                                 77
6.1.3 Fees and commission income                               448                               104
6.1.4 Other non-interest income                                  –                           1,241
6.2 Other income                               529                                 13
7 Other expense                         12,435                           5,747
7.1 Non-interest expense                         12,166                           5,675
7.1.1 Other provision expense                               264                                    1
7.1.2 Trade expense                           2,727                               936
7.1.3 Exchange and revaluation adjustment expense                               394                               167
7.1.4 Fees and commission expense                               437                               183
7.1.5 Other operating expense                           8,344                           4,388
7.2 Other expense (5+6-7)                               269                                 72
8 Profit Before Tax                           6,139                           7,756
9 Income tax expense                               665                               999
10 Profit After Taxes (8-9)                           5,474                           6,757
11 Other comprehensive income                               (88)                                  –
12 Total comprehensive income for the year (10+11)                           5,386                           6,757
(in millions of MNT)
OFF BALANCE SHEET 31/12/2020 30/06/2021
Contingencies and commitments (net)                           1,925                           6,506
PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA Limit 30/06/2021
Tier 1 ratio ≥ 9% 35.9%
Capital adequacy ratio ≥ 12% 35.9%
Liquidity ≥ 20% 31.3%
Foreign currency open position ratio (by each currency) < ±15% 1.0%
Foreign currency open position ratio (total) < ±30% -7.3%
(in millions of MNT)
Related parties Categary of assets Balance % in total Equity
1 Loans and other equivalent asset provided to a related party (less than 5% of capital) 4.8%
1.1 Shareholders of the Bank Loan                           5,541 4.8%
1.2 Key management personnel                                  –                                  – 0.0%
1.3 Other related parties                                  –                                  – 0.0%
2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital) 4.9%
2.1 Shareholders of the Bank Loan                           5,541 4.8%
2.2 Key management personnel Loan                               143 0.1%

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