Financial information

Financial information

Financial information

There are 14 commercial banks, and 1 policy bank in the system. All commercial banks are regulated by Bank of Mongolia and together comprising 95% of overall financial market of Mongolia.

Mongolian banking sector has been constantly growing in the last decade, indicating a developing financial culture of the population. As of the Q12018, total banking assets were 28.9 trillion MNT which was 15% increase from the same period last year. 

 

Financial Result (MNT million) 2013 2014 2015 2016 2017
Balance Sheet Indicators (MNT million)          
   Total Assets    3,749,806   4,053,153   3,804,842   4,658,343   5,204,584
   Deposits   2,161,779   2,232,270   2,079,801   2,803,328   3,453,920
   Borrowed funds - Co-financed funds   1,032,319   1,011,499   1,014,935   1,195,870      757,897
   Net Loans   2,199,228   2,461,920   2,013,611   2,034,860   2,318,058
  Total  Capital      329,740      393,736      428,181      453,707      488,675
Profitability Indicators (MNT million)          
   Interest Income       290,945      338,366      314,830      331,900      409,220
   Interest Expense      (184,701)     (209,312)     (213,295)     (246,416)     (287,230)
   Net Interest Income      106,245      129,054      101,534        85,484      121,990
   Net Non-Interest Income        59,774        36,197        58,454        63,200          8,615
Operating Income      166,019      165,251      159,988      148,684      130,605
   Operating Expense        (67,116)       (73,068)       (75,362)       (77,251)       (85,583)
   Operating Profit        98,903        92,182        84,626        71,433        45,021
   Credit, OREO and Receivables Provisioning Expense       (27,940)       (27,900)       (51,900)       (58,686)       (36,947)
Decrease in value of properties charged to profit/loss               (20,158)
Pre-Tax Profit        70,963        64,283        32,726        12,746       (12,083)
   Taxation       (14,106)       (14,455)         (6,742)         (7,473)          6,930
   Post -Tax Profit         56,857        49,828        25,985          5,274         (5,153)
Prudential Ratios          
  Capital Adequacy Ratio >14% 16.7% 17.1% 16.6% 14.8% 14.4%
  Liquidity Ratio >25% 43.3% 38.2% 38.1% 44.8% 44.5%