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Quarterly financial statements

Year-2021 Quarter- 4

Quarter-4,2021
(in millions of MNT)
BALANCE SHEET ITEMS 31/12/2020 31/12/2021
1 ASSET
1.1 Cash and cash equivalents                       100,857                       131,425
1.2 Due from banks and financial institutions                           7,685                         28,907
1.3 Financial investments                         23,197                         82,961
1.4 Loans and advances to customers (net)                       216,739                       423,569
1.4.1 Performing loans                       211,821                       416,828
1.4.2 Past due loans                           5,187                           8,341
1.4.3 Non-performing loans                         14,984                         11,722
1.4.4 Deferred loan payment                               (48)                             (126)
1.4.5 Accrued interest receivable                           1,269                           6,219
1.4.6 Loan Loss Provision                       (16,474)                       (19,415)
1.5 Derivative financial assets                                  –                                 42
1.6 Other financial assets                               150                                 54
1.7 Other non-financial assets                           1,712                         34,360
1.8 Fixed assets (net)                           9,360                         11,459
1.9 Intangible assets                               458                               369
1.10 Total assets                       360,158                       713,146
2 LIABILITIES
2.1 Current account                           9,825                         58,149
2.2 Savings account                         78,073                       259,022
2.3 Due to banks and financial instituitions                       132,817                       132,947
2.4 Other deposits                         23,001                         82,048
2.5 Derivative financial liabilities                                  –                                 26
2.6 Other liabilities                           7,402                           8,171
2.7 Total liabilities                       251,118                       540,363
3 EQUITY
3.1 Share capital                       100,000                       146,474
3.2 Revaluation surplus                                    1                                    1
3.3 Retained earnings /loss/                           8,993                         26,170
3.4 Other reserves                                 46                               138
3.5 Total equity                       109,040                       172,783
4 TOTAL LIABILITIES AND EQUITY                       360,158                       713,146
(in millions of MNT)
INCOME STATEMENT 31/12/2020 31/12/2021
1 Interest income                         44,737                         50,684
1.1 From Bank of Mongolia                               326                               132
1.2 From Other banks & financial institutions                           3,181                               855
1.3 From securities                           3,312                           4,493
1.4 From loans                         37,918                         44,370
1.5 Other interest income                                  –                               834
2 Interest expense                         25,090                         24,879
2.1 Interest expense on current account                               614                                  –
2.2 Interest expense on savings account                         21,281                         19,963
2.3 Interest expense on borrowed funds                               576                           1,946
2.4 Interest expense on securities                           1,959                           1,574
2.5 Other interest expense                               660                           1,396
3 NET INTEREST INCOME (1-2)                         19,647                         25,805
4 Provision expenses (provision reverse income)                           7,957                               647
4.1 Deposits at other banks and financial institutions                                  –                               327
4.2 Securities                                  –                                 25
4.3 Loans                           7,957                               295
5 Net interest income after provision [(3)-(4)]                         11,690                         25,158
6 Other income                           6,884                           4,249
6.1 Non-interest income                           6,355                           4,249
6.1.1 Trading income                           5,263                           3,393
6.1.2 Exchange and revaluation adjustment expense                               644                               349
6.1.3 Fees and commission income                               448                               507
6.2 Other income                               529                                  –
7 Other expense                         12,435                         16,228
7.1 Non-interest expense                         12,166                         15,360
7.1.1 Other provision expense                               264                                    2
7.1.2 Trade expense                           2,727                           1,936
7.1.3 Exchange and revaluation adjustment expense                               394                               428
7.1.4 Fees and commission expense                               437                               432
7.1.5 Other operating expense                           8,344                         12,562
7.2 Other expense (5+6-7)                               269                               868
8 Profit Before Tax                           6,139                         13,179
9 Income tax expense                               665                           2,599
10 Profit After Taxes (8-9)                           5,474                         10,580
11 Other comprehensive income                               (88)                                 92
12 Total comprehensive income for the year (10+11)                           5,386                         10,672
(in millions of MNT)
OFF BALANCE SHEET 31/12/2020 31/12/2021
Contingencies and commitments (net)                           1,925                         16,939
PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA Limit 31/12/2021
Tier 1 ratio ≥ 9% 32.0%
Capital adequacy ratio ≥ 12% 32.0%
Liquidity ≥ 25% 32.9%
Foreign currency open position ratio (by each currency) < ±15% -2.4%
Foreign currency open position ratio (total) < ±30% -4.8%
(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                           8,267 4.8%
2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital) 18.8%
2.1 Shareholders of the Bank Loan                               100 0.1%
2.2 Key management personnel Loan                               283 0.2%
2.3 Other related parties Loan                         32,153 18.6%

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