Ulaanbaatar
Bank Net Profits Rise
Economy
Ulaanbaatar, February 1 /MONTSAME/. The net profits and ROIs of the banks listed in
MSE increased in 2022.
The State bank issued
an IPO in Q4 2022 and became the first systematically important bank that went
public. According to “Mandal Asset Management,” their net profit has reached
MNT 96 billion, up 87% over the previous year, which shows a record-high rate
in recent years’ performance of this bank. Their ROI (return on investment) is
22%.
The “Golomt Capital”
announced that the net profit of the Golomt bank had reached MNT 100 billion as
of the end of Q4 2022, an increase of 355% compared to the same period last
year, which was the record high growth for this bank as well. While their
equity has reached MNT 844 billion, a growth of 42% and an ROI is 14%.
As stated in the
report by ‘BDSec’ JSC, the Bogd Bank’s equity and the number of loans issued by
the bank have reached MNT 116.7 billion and MNT 208.1 billion, up 15% and 42 %
over last year, respectively.
In 2022, the
abovementioned banks were listed in the MSE Top 20 Index by their number of
securities traded. Since the IPOs, their per-share prices have slightly
decreased.
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