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Quarterly financial statements

Year-2021 Quarter- 3

Quarter-3,2021
(in millions of MNT)
BALANCE SHEET ITEMS 31/12/2020 30/09/2021
1 ASSET
1.1 Cash and cash equivalents                       108,542                       122,405
1.2 Due from banks and financial institutions                                  –                         25,916
1.3 Financial investments                         23,197                       102,328
1.4 Loans and advances to customers (net)                       216,739                       388,018
1.4.1 Performing loans                       211,821                       382,240
1.4.2 Past due loans                           5,187                           7,553
1.4.3 Non-performing loans                         14,984                         12,942
1.4.4 Deferred loan payment                               (48)                             (122)
1.4.5 Accrued interest receivable                           1,269                           3,754
1.4.6 Loan Loss Provision                       (16,474)                       (18,349)
1.5 Derivative financial assets                                  –                               157
1.6 Other financial assets                               150                                    7
1.7 Other non-financial assets                           1,712                           6,589
1.8 Fixed assets (net)                           9,360                         10,647
1.9 Intangible assets                               458                               861
1.10 Total assets                       360,158                       656,928
2 LIABILITIES
2.1 Current account                           9,825                         23,747
2.2 Savings account                         78,073                       222,392
2.3 Due to banks and financial instituitions                       132,817                       127,774
2.4 Other deposits                         23,001                       105,025
2.5 Derivative financial liabilities                                  –                               122
2.6 Other liabilities                           7,402                           6,288
2.7 Total liabilities                       251,118                       485,348
3 EQUITY
3.1 Share capital                       100,000                       146,474
3.2 Revaluation surplus                                    1                                    1
3.3 Retained earnings /loss/                           8,993                         25,059
3.4 Other reserves                                 46                                 46
3.5 Total equity                       109,040                       171,580
4 TOTAL LIABILITIES AND EQUITY                       360,158                       656,928
(in millions of MNT)
INCOME STATEMENT 31/12/2020 9/31/2021
1 Interest income                         44,737                         33,296
1.1 From Bank of Mongolia                               326                               110
1.2 From Other banks & financial institutions                           3,181                               675
1.3 From securities                           3,312                           2,733
1.4 From loans                         37,918                         29,313
1.5 Other interest income                                  –                               465
2 Interest expense                         25,090                         16,441
2.1 Interest expense on current account                               614                                  –
2.2 Interest expense on savings account                         21,281                         13,136
2.3 Interest expense on borrowed funds                               576                           1,375
2.4 Interest expense on securities                           1,959                           1,018
2.5 Other interest expense                               660                               912
3 NET INTEREST INCOME (1-2)                         19,647                         16,855
4 Provision expenses (provision reverse income)                           7,957                             (770)
4.1 Deposits at other banks and financial institutions                                  –                                  –
4.2 Securities                                  –                                  –
4.3 Loans                           7,957                             (770)
5 Net interest income after provision [(3)-(4)]                         11,690                         17,625
6 Other income                           6,884                           3,021
6.1 Non-interest income                           6,355                           2,952
6.1.1 Trading income                           5,263                           2,544
6.1.2 Exchange and revaluation adjustment expense                               644                               179
6.1.3 Fees and commission income                               448                               229
6.2 Other income                               529                                 69
7 Other expense                         12,435                           9,681
7.1 Non-interest expense                         12,166                           9,432
7.1.1 Other provision expense                               264                                    1
7.1.2 Trade expense                           2,727                           1,507
7.1.3 Exchange and revaluation adjustment expense                               394                               258
7.1.4 Fees and commission expense                               437                               239
7.1.5 Other operating expense                           8,344                           7,427
7.2 Other expense (5+6-7)                               269                               249
8 Profit Before Tax                           6,139                         10,965
9 Income tax expense                               665                           1,499
10 Profit After Taxes (8-9)                           5,474                           9,466
11 Other comprehensive income                               (88)                                  –
12 Total comprehensive income for the year (10+11)                           5,386                           9,466
(in millions of MNT)
OFF BALANCE SHEET 31/12/2020 9/31/2021
Contingencies and commitments (net)                           1,925                         15,616
PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA Limit 9/31/2021
Tier 1 ratio ≥ 9% 35.3%
Capital adequacy ratio ≥ 12% 35.3%
Liquidity ≥ 25% 35.4%
Foreign currency open position ratio (by each currency) < ±15% -4.3%
Foreign currency open position ratio (total) < ±30% -4.4%
(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                                  –                                  – 0.0%
1.2 Key management personnel                                  –                                  – 0.0%
1.3 Other related parties Loan                           8,270 4.8%
2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital) 13.5%
2.1 Shareholders of the Bank Loan                               100 0.1%
2.2 Key management personnel Loan                               177 0.1%
2.3 Other related parties Loan                         22,856 13.3%

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