Non-performing loans in banking system make up 11.3 percent of total loans

Economy
unurzul@montsame.gov.mn
2020-09-15 12:29:31

Ulaanbaatar/MONTSAME/. At the end of August 2020, the total amount of outstanding loan to entities and individuals amounted to MNT 17.4 trillion, increased by MNT 53.2 billion (0.3%) from the previous month, while it is decreased by MNT 876.9 billion (4.8%) from the same period of the previous year. In the total outstanding loans, MNT 8.8 trillion (50.7%) was individual loans.

The performing loans reached MNT 14.3 trillion at the end of July 2020, increased by MNT 30.0 billion (0.2%) from the previous month, while it is decreased by MNT 1.1 trillion (7.1%) from the same period of the previous year. The performing loans make up 82.1% of the total loans, and decreased by 2.0 percentage points from the same period of the previous year.

At the end of August 2020, the principals in arrears amounted to MNT 1.1 trillion, decreased by MNT 0.3 billion (0.03%) from the previous month, while it is increased by MNT 153.7 billion (15.6%) from the same period of the previous year. The principals in arrears make up to 6.5% of the total loans, increased by 1.1 percentage points from the same period of the previous year.

At the end of August 2020, the non-performing loans in the banking system amounted to MNT 2.0 trillion, increased by MNT 22.9 billion (1.2%) from the previous month and MNT 53.3 billion (2.8%) from the previous year. The non-performing loans in the banking system make up 11.3% of the total loans, increased by 0.8 percentage points from the same period of the previous year.

The principal arrears in commercial banks and Mongolian Mortgage Corporation /MMC/ reached MNT 4.7 trillion at the end of July 2020, increased by MNT 6.0 billion (0.1%) from the previous month, and by MNT 236.1 (5.2%) billion from the same period of the previous year.

 

Source: National Statistics Office