Quarterly financial report

Quarterly financial report

    • UNAUDITED FINANCIAL STATEMENTS

      2022/06/30 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1. Cash and cash equivalents          2,324,799
      1.2. Deposits with other banks and financial institutions           1,311,841
      1.3 Financial investments             493,750
      1.3.1.           Investments in subsidiary -
      1.4. Loans and advances to customers (net)          3,537,989
      1.4.1.           Performing loans          3,425,202
      1.4.2.           Non-performing loans             266,330
      1.4.3.           Deferred loan payments             (15,106)
      1.4.4.           Accrued interest receivables                41,475
      1.4.5.           Provision for loan impairment           (179,912)
      1.5. Derivative financial assets             295,002
      1.6. Other financial assets                51,247
      1.7. Other non-financial assets              101,016
      1.8. Premises and equipments             386,535
      1.9. Investment properties                  1,158
      1.10. Assets for sale                54,945
      1.11. Intangible assets                16,468
      Total assets        8,574,750
      2. LIABILITIES
      2.1. Current accounts          2,037,943
      2.2. Savings          3,579,697
      2.3. Due to other banks and financial institutions           1,742,943
      2.4. Other funds             353,269
      2.5. Other liabilities              145,925
      Total liabilities        7,859,778
      3. EQUITY
      3.1. Share capital             204,827
      3.2. Share premium             205,782
      3.3. Treasury stock               (9,391)
      3.4. Revaluation surplus                  7,245
      3.5. Retained earnings             240,257
      3.6. Other components of equity                66,252
      Total equity            714,972
      Total liabilities and equity        8,574,750
      Off-balance items
      Contingencies and commitments (net)          1,329,056

      PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

      Ratios  Requirement   Actual 
      Tier 1 capital ratio > 9% 14.03%
      Capital adequacy ratio >12% 14.40%
      Liquidity ratio >25% 38.32%
      Single foreign currency open position ratio <±15% 5.37%
      Total foreign currency open position ratio <±30% 7.61%

      INCOME STATEMENT

      2022/06/30 (In millions of MNT)

      Income statement Items
      1. Interest income               308,965
      1.1.         Balances with the Bank of Mongolia                   7,585
      1.2.         Due from other banks and financial institutions                 10,880
      1.3.         Investments in securities                 52,483
      1.4.         Loans and advances to customers               203,170
      1.5.         Other                 34,846
      2. Interest expense               142,622
      2.1.         Customer accounts -
      2.2.         Savings                 81,786
      2.3.         Borrowed funds                 24,043
      2.4.         Securities -
      2.5.         Other                 36,793
      3. Net interest income               166,343
      4. Provision expenses                 24,462
      5. Net interest income after provision                141,881
      6. Other income                 80,764
      6.1.         Non-interest income                 77,112
      6.1.1.               Gains from trading in foreign currencies                 33,172
      6.1.2.               Gains from foreign currency exchange translation
      6.1.3.               Fees and commission income                 40,514
      6.1.4.               Other non-interest income                   3,425
      6.2.         Other income                   3,653
      7. Other expense               139,524
      7.1.         Non-interest expense               131,148
      7.1.1.               Other provision expense                 26,844
      7.1.2.               Losses from trading in foreign currencies -
      7.1.3.               Losses from foreign currency exchange translation                   7,129
      7.1.4.               Fees and commission expense                 20,392
      7.1.5.               Other operating expense                 76,783
      7.2.         Other expense                   8,376
      8. Profit before tax                 83,121
      9. Income tax expense                 25,822
      10. Profit after tax                 57,300
      11. Other comprehensive income                       348
      12. Total comprehensive income                 57,647

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2022/06/30 (In millions of MNT)

      Related parties Category of assets  Balance   Share to capital 
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1.            Shareholders of the Bank - - -
      1.2.            Key management personnel - - -
      1.3.            Other related parties  Receivable, Guarantee                7,853 1.21%
      2. Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1.            Shareholders of the Bank  Receivable, Loan,Credit line                 8,080 1.24%
      2.2.            Key management personnel  Loan, Credit line, Guarantee                8,740 1.34%
      2.3.            Other related parties  Loan,Guarantee, Receivable, Shares                2,328 0.36%
    • UNAUDITED FINANCIAL STATEMENTS

      2022/03/31 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1. Cash and cash equivalents      2,119,438
      1.2. Deposits with other banks and financial institutions        1,232,180
      1.3 Financial investments            476,365
      1.3.1.           Investments in subsidiary -
      1.4. Loans and advances to customers (net)         3,301,996
      1.4.1.           Performing loans         3,169,012
      1.4.2.           Non-performing loans      305,717
      1.4.3.           Deferred loan payments     (13,385)
      1.4.4.           Accrued interest receivables            34,627
      1.4.5.           Provision for loan impairment         (193,975)
      1.5. Derivative financial assets         232,801
      1.6. Other financial assets      94,225
      1.7. Other non-financial assets      47,430
      1.8. Premises and equipments         251,493
      1.9. Investment properties                  1,158
      1.10. Assets for sale           58,439
      1.11. Intangible assets           17,438
      Total assets     7,832,962
      2. LIABILITIES
      2.1. Current accounts     1,996,937
      2.2. Savings     3,169,294
      2.3. Due to other banks and financial institutions    1,653,695
      2.4. Other funds       324,686
      2.5. Other liabilities        56,695
      Total liabilities        7,201,306
      3. EQUITY
      3.1. Share capital         194,739
      3.2. Share premium         165,365
      3.3. Treasury stock          (9,713)
      3.4. Revaluation surplus                  7,245
      3.5. Retained earnings     186,438
      3.6. Other components of equity               87,582
      Total equity          631,656
      Total liabilities and equity      7,832,962
      Off-balance items
      Contingencies and commitments (net)       1,088,419

      PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

      Ratios  Requirement   Actual 
      Tier 1 capital ratio > 9% 12.54%
      Capital adequacy ratio >12% 12.83%
      Liquidity ratio >25% 36.86%
      Single foreign currency open position ratio <±15% 1.74%
      Total foreign currency open position ratio <±30% 4.14%

      INCOME STATEMENT

      2022/03/31 (In millions of MNT)

      Income statement Items
      1. Interest income      139,101
      1.1.         Balances with the Bank of Mongolia           2,243
      1.2.         Due from other banks and financial institutions           4,856
      1.3.         Investments in securities           27,867
      1.4.         Loans and advances to customers        89,103
      1.5.         Other           15,031
      2. Interest expense            69,859
      2.1.         Customer accounts -
      2.2.         Savings       43,324
      2.3.         Borrowed funds             11,195
      2.4.         Securities -
      2.5.         Other          15,340
      3. Net interest income       69,242
      4. Provision expenses       18,071
      5. Net interest income after provision            51,171
      6. Other income         50,056
      6.1.         Non-interest income       48,037
      6.1.1.               Gains from trading in foreign currencies          15,102
      6.1.2.               Gains from foreign currency exchange translation           14,567
      6.1.3.               Fees and commission income                18,368
      6.1.4.               Other non-interest income                      1
      6.2.         Other income          2,018
      7. Other expense            64,324
      7.1.         Non-interest expense        60,525
      7.1.1.               Other provision expense         18,749
      7.1.2.               Losses from trading in foreign currencies -
      7.1.3.               Losses from foreign currency exchange translation
      7.1.4.               Fees and commission expense        8,279
      7.1.5.               Other operating expense           33,496
      7.2.         Other expense          3,799
      8. Profit before tax          36,903
      9. Income tax expense    14,102
      10. Profit after tax      22,801
      11. Other comprehensive income       (177)
      12. Total comprehensive income       22,624

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2022/03/31 (In millions of MNT)

      Related parties Category of assets  Balance   Share to capital 
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1.            Shareholders of the Bank - - -
      1.2.            Key management personnel - - -
      1.3.            Other related parties Receivable, Guarantee                6,298 1.16%
      2. Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1.            Shareholders of the Bank Loan,Credit line                   511 0.09%
      2.2.            Key management personnel Loan, Credit line, Guarantee,Receivable, Shares                7,803 1.44%
      2.3.            Other related parties Loan,Guarantee, Receivable, Shares                9,455 1.75%
    • UNAUDITED FINANCIAL STATEMENTS

      2021/09/30 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1. Cash and cash equivalents    1,893,695
      1.2. Deposits with other banks and financial institutions     1,129,212
      1.3 Financial investments       457,905
      1.3.1.           Investments in subsidiary -
      1.4. Loans and advances to customers (net)   3,386,643
      1.4.1.           Performing loans    3,296,529
      1.4.2.           Non-performing loans       253,840
      1.4.3.           Deferred loan payments       (12,987)
      1.4.4.           Accrued interest receivables         42,308
      1.4.5.           Provision for loan impairment    (193,048)
      1.5. Derivative financial assets        193,661
      1.6. Other financial assets        134,285
      1.7. Other non-financial assets        162,707
      1.8. Premises and equipments        151,685
      1.9. Investment properties             1,158
      1.10. Assets for sale         68,363
      1.11. Intangible assets         16,809
      Total assets  7,596,123
      2. LIABILITIES
      2.1. Current accounts    1,491,493
      2.2. Savings   3,590,889
      2.3. Due to other banks and financial institutions    1,526,386
      2.4. Other funds       313,844
      2.5. Other liabilities         81,829
      Total liabilities 7,004,442
      3. EQUITY
      3.1. Share capital         194,739
      3.2. Share premium         165,365
      3.3. Treasury stock          (9,713)
      3.4. Revaluation surplus             7,496
      3.5. Retained earnings         165,484
      3.6. Other components of equity           68,310
      Total equity       591,681
      Total liabilities and equity   7,596,123
      Off-balance items
      Contingencies and commitments (net)        897,583

      PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

      Ratios  Requirement   Actual 
      Tier 1 capital ratio > 9% 12.20%
      Capital adequacy ratio >12% 12.50%
      Liquidity ratio >25% 35.13%
      Single foreign currency open position ratio <±15% 8.88%
      Total foreign currency open position ratio <±30% 17.54%

      INCOME STATEMENT

      2021/09/30 (In millions of MNT)

      Income statement Items
      1. Interest income         426,418
      1.1.         Balances with the Bank of Mongolia                 5,717
      1.2.         Due from other banks and financial institutions              15,950
      1.3.         Investments in securities             73,524
      1.4.         Loans and advances to customers           287,015
      1.5.         Other              44,213
      2. Interest expense        258,082
      2.1.         Customer accounts -
      2.2.         Savings            175,567
      2.3.         Borrowed funds             29,926
      2.4.         Securities -
      2.5.         Other             52,588
      3. Net interest income         168,336
      4. Provision expenses              41,732
      5. Net interest income after provision         126,604
      6. Other income           70,603
      6.1.         Non-interest income             62,446
      6.1.1.               Gains from trading in foreign currencies             18,685
      6.1.2.               Gains from foreign currency exchange translation
      6.1.3.               Fees and commission income             43,732
      6.1.4.               Other non-interest income                     29
      6.2.         Other income                8,157
      7. Other expense           174,161
      7.1.         Non-interest expense            165,149
      7.1.1.               Other provision expense              44,571
      7.1.2.               Losses from trading in foreign currencies -
      7.1.3.               Losses from foreign currency exchange translation                9,681
      7.1.4.               Fees and commission expense              16,796
      7.1.5.               Other operating expense              94,101
      7.2.         Other expense                9,012
      8. Profit before tax           23,047
      9. Income tax expense                5,332
      10. Profit after tax             17,715
      11. Other comprehensive income                   894
      12. Total comprehensive income           18,609

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2021/09/30 (In millions of MNT)

      Related parties Category of assets  Balance   Share to capital 
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1.            Shareholders of the Bank - - -
      1.2.            Key management personnel - - -
      1.3.            Other related parties  Receivable 22,110 4.24%
      2. Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1.            Shareholders of the Bank Loan,Credit line, Receivable 22,749 4.37%
      2.2.            Key management personnel Loan, Credit line, Guarantee 7,504 1.44%
      2.3.            Other related parties Loan, Guarantee, Receivable, Shares, Credit line 12,743 2.45%
    • UNAUDITED FINANCIAL STATEMENTS

      2021/06/30 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1. Cash and cash equivalents    2,252,934
      1.2. Deposits with other banks and financial institutions    1,255,181
      1.3 Financial investments  450,377
      1.3.1.           Investments in subsidiary -
      1.4. Loans and advances to customers (net)   3,129,555
      1.4.1.           Performing loans   3,028,843
      1.4.2.           Non-performing loans  268,627
      1.4.3.           Deferred loan payments   (11,911)
      1.4.4.           Accrued interest receivables    46,491
      1.4.5.           Provision for loan impairment   (202,495)
      1.5. Derivative financial assets   206,353
      1.6. Other financial assets    139,785
      1.7. Other non-financial assets       133,863
      1.8. Premises and equipments    151,250
      1.9. Investment properties  23,165
      1.10. Assets for sale  59,149
      1.11. Intangible assets  16,722
      Total assets  7,818,335
      2. LIABILITIES
      2.1. Current accounts   1,826,009
      2.2. Savings  3,656,459
      2.3. Due to other banks and financial institutions    1,371,734
      2.4. Other funds    252,205
      2.5. Other liabilities   129,555
      Total liabilities   7,235,961
      3. EQUITY
      3.1. Share capital 68,019
      3.2. Share premium 291,844
      3.3. Treasury stock (9,471)
      3.4. Revaluation surplus 7,496
      3.5. Retained earnings  172,440
      3.6. Other components of equity  52,047
      Total equity   582,374
      Total liabilities and equity 7,818,335
      Off-balance items
      Contingencies and commitments (net)   920,557

      PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

      Ratios  Requirement   Actual 
      Tier 1 capital ratio > 9% 12.35%
      Capital adequacy ratio >12% 12.65%
      Liquidity ratio >20% 40.35%
      Single foreign currency open position ratio <±15% 2.29%
      Total foreign currency open position ratio <±30% 4.27%

      INCOME STATEMENT

      2021/06/30 (In millions of MNT)

      Income statement Items
      1. Interest income  277,276
      1.1.         Balances with the Bank of Mongolia   4,124
      1.2.         Due from other banks and financial institutions    10,256
      1.3.         Investments in securities   47,378
      1.4.         Loans and advances to customers  186,329
      1.5.         Other   29,187
      2. Interest expense    179,042
      2.1.         Customer accounts -
      2.2.         Savings   122,917
      2.3.         Borrowed funds   19,385
      2.4.         Securities -
      2.5.         Other     36,740
      3. Net interest income    98,233
      4. Provision expenses    36,241
      5. Net interest income after provision     61,992
      6. Other income  51,747
      6.1.         Non-interest income   38,888
      6.1.1.               Gains from trading in foreign currencies    11,314
      6.1.2.               Gains from foreign currency exchange translation   679
      6.1.3.               Fees and commission income      26,868
      6.1.4.               Other non-interest income        27
      6.2.         Other income      12,859
      7. Other expense   103,507
      7.1.         Non-interest expense    95,507
      7.1.1.               Other provision expense   24,476
      7.1.2.               Losses from trading in foreign currencies -
      7.1.3.               Losses from foreign currency exchange translation -
      7.1.4.               Fees and commission expense   10,416
      7.1.5.               Other operating expense    60,615
      7.2.         Other expense     8,000
      8. Profit before tax    10,233
      9. Income tax expense    1,773
      10. Profit after tax      8,460
      11. Other comprehensive income      842
      12. Total comprehensive income     9,302

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2021/06/30 (In millions of MNT)

      Related parties Category of assets  Balance   Share to capital 
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1.            Shareholders of the Bank - - -
      1.2.            Key management personnel - - -
      1.3.            Other related parties  Receivable 21,954 4.16%
      2. Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1.            Shareholders of the Bank Loan,Credit line, Receivable 22,308 4.22%
      2.2.            Key management personnel Loan, Credit line, Guarantee 6,128 1.16%
      2.3.            Other related parties Loan, Credit line,Shares, Guarantee, Receivable 13,878 2.63%
    • UNAUDITED FINANCIAL STATEMENTS

      2021/03/31 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1. Cash and cash equivalents   1,954,909
      1.2. Deposits with other banks and financial institutions    1,231,736
      1.3 Financial investments      327,248
      1.3.1.           Investments in subsidiary -
      1.4. Loans and advances to customers (net)  3,033,802
      1.4.1.           Performing loans   2,897,878
      1.4.2.           Non-performing loans       279,352
      1.4.3.           Deferred loan payments        (8,059)
      1.4.4.           Accrued interest receivables        80,996
      1.4.5.           Provision for loan impairment    (216,365)
      1.5. Derivative financial assets      207,990
      1.6. Other financial assets        162,159
      1.7. Other non-financial assets         91,526
      1.8. Premises and equipments        149,175
      1.9. Investment properties 30,621
      1.10. Assets for sale 47,651
      1.11. Intangible assets          17,163
      Total assets 7,253,980
      2. LIABILITIES
      2.1. Current accounts    1,450,169
      2.2. Savings    3,663,597
      2.3. Due to other banks and financial institutions    1,277,940
      2.4. Other funds       182,334
      2.5. Other liabilities         92,740
      Total liabilities  6,666,779
      3. EQUITY
      3.1. Share capital 68,019
      3.2. Share premium 291,844
      3.3. Treasury stock (9,471)
      3.4. Revaluation surplus 7,496
      3.5. Retained earnings        187,991
      3.6. Other components of equity          41,323
      Total equity      587,201
      Total liabilities and equity  7,253,980
      Off-balance items
      Contingencies and commitments (net) 813,276

      PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

      Ratios  Requirement   Actual 
      Tier 1 capital ratio > 9% 12.78%
      Capital adequacy ratio >12% 13.07%
      Liquidity ratio >20% 38.16%
      Single foreign currency open position ratio <±15% 7.78%
      Total foreign currency open position ratio <±30% 9.60%

      INCOME STATEMENT

      2021/03/31 (In millions of MNT)

      Income statement Items
      1. Interest income        144,135
      1.1.         Balances with the Bank of Mongolia              1,854
      1.2.         Due from other banks and financial institutions             5,060
      1.3.         Investments in securities           22,399
      1.4.         Loans and advances to customers         100,054
      1.5.         Other            14,769
      2. Interest expense         94,396
      2.1.         Customer accounts -
      2.2.         Savings           64,827
      2.3.         Borrowed funds              9,653
      2.4.         Securities -
      2.5.         Other            19,915
      3. Net interest income          49,739
      4. Provision expenses           30,497
      5. Net interest income after provision           19,242
      6. Other income           21,124
      6.1.         Non-interest income           20,688
      6.1.1.               Gains from trading in foreign currencies              5,526
      6.1.2.               Gains from foreign currency exchange translation             2,388
      6.1.3.               Fees and commission income            12,772
      6.1.4.               Other non-interest income 1
      6.2.         Other income 437
      7. Other expense          37,723
      7.1.         Non-interest expense            37,555
      7.1.1.               Other provision expense             4,203
      7.1.2.               Losses from trading in foreign currencies -
      7.1.3.               Losses from foreign currency exchange translation -
      7.1.4.               Fees and commission expense              4,912
      7.1.5.               Other operating expense           28,440
      7.2.         Other expense                 168
      8. Profit before tax            2,643
      9. Income tax expense 47
      10. Profit after tax            2,596
      11. Other comprehensive income 853
      12. Total comprehensive income            3,449

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2021/03/31 (In millions of MNT)

      Related parties Category of assets  Balance   Share to capital 
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1.            Shareholders of the Bank - - -
      1.2.            Key management personnel - - -
      1.3.            Other related parties  Receivable 22,667 4.17%
      2. Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1.            Shareholders of the Bank Loan,Credit line, Receivable 23,164 4.26%
      2.2.            Key management personnel Loan, Credit line, Guarantee 3,222 0.59%
      2.3.            Other related parties Loan, Guarantee, Receivable 26,107 4.80%
    • AUDITED FINANCIAL STATEMENTS

      2020/12/31 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1. Cash and cash equivalents   1,947,425
      1.2. Deposits with other banks and financial institutions   1,228,007
      1.3 Financial investments     296,326
      1.3.1.           Investments in subsidiary -
      1.4. Loans and advances to customers (net)  3,031,346
      1.4.1.           Performing loans   2,828,394
      1.4.2.           Non-performing loans      256,745
      1.4.3.           Deferred loan payments (9,132)
      1.4.4.           Accrued interest receivables        115,462
      1.4.5.           Provision for loan impairment    (160,125)
      1.5. Derivative financial assets       205,615
      1.6. Other financial assets        155,377
      1.7. Other non-financial assets      182,702
      1.8. Premises and equipments 146,499
      1.9. Investment properties         39,672
      1.10. Assets for sale        26,984
      1.11. Intangible assets 18,038
      Total assets  7,277,990
      2. LIABILITIES
      2.1. Current accounts     1,411,155
      2.2. Savings 3,648,052
      2.3. Due to other banks and financial institutions     1,287,016
      2.4. Other funds 177,974
      2.5. Other liabilities        122,235
      Total liabilities  6,646,432
      3. EQUITY
      3.1. Share capital 68,019
      3.2. Share premium 291,844
      3.3. Treasury stock (9,471)
      3.4. Revaluation surplus 7,496
      3.5. Retained earnings        210,853
      3.6. Other components of equity          62,818
      Total equity     631,558
      Total liabilities and equity  7,277,990
      Off-balance items
      Contingencies and commitments (net) 804,472

      PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

      Ratios  Requirement   Actual 
      Tier 1 capital ratio > 9% 13.75%
      Capital adequacy ratio >12% 14.16%
      Liquidity ratio >20% 40.23%
      Single foreign currency open position ratio <±15% 13.22%
      Total foreign currency open position ratio <±30% 26.16%

      AUDITED INCOME STATEMENT

      2020/12/31 (In millions of MNT)

      Income statement Items
      1. Interest income 570,132
      1.1.         Balances with the Bank of Mongolia 13,921
      1.2.         Due from other banks and financial institutions 22,219
      1.3.         Investments in securities 49,912
      1.4.         Loans and advances to customers 466,069
      1.5.         Other 18,012
      2. Interest expense 365,780
      2.1.         Customer accounts 13,525
      2.2.         Savings 279,528
      2.3.         Borrowed funds 60,154
      2.4.         Securities -
      2.5.         Other 12,572
      3. Net interest income 204,353
      4. Provision expenses 93,836
      5. Net interest income after provision  110,516
      6. Other income 99,996
      6.1.         Non-interest income 93,048
      6.1.1.               Gains from trading in foreign currencies 27,414
      6.1.2.               Gains from foreign currency exchange translation 15,962
      6.1.3.               Fees and commission income 49,672
      6.1.4.               Other non-interest income -
      6.2.         Other income 6,947
      7. Other expense 188,023
      7.1.         Non-interest expense 174,730
      7.1.1.               Other provision expense 39,238
      7.1.2.               Losses from trading in foreign currencies -
      7.1.3.               Losses from foreign currency exchange translation -
      7.1.4.               Fees and commission expense 17,807
      7.1.5.               Other operating expense 117,685
      7.2.         Other expense 13,293
      8. Profit before tax 22,489
      9. Income tax expense 12,095
      10. Profit after tax 10,394
      11. Other comprehensive income 2,929
      12. Total comprehensive income 13,323

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2020/12/31 (In millions of MNT)

      Related parties Category of assets  Balance   Share to capital 
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1.            Shareholders of the Bank - - -
      1.2.            Key management personnel - - -
      1.3.            Other related parties  Receivable 25,186 4.60%
      2. Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1.            Shareholders of the Bank Loan,Credit line, Receivable 25,348 4.63%
      2.2.            Key management personnel Loan, Credit line, Guarantee 3,440 0.63%
      2.3.            Other related parties Loan, Guarantee, Receivable 60,429 11.04%
    • UNAUDITED FINANCIAL STATEMENTS

      2020/09/30 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1. Cash and cash equivalents 1,933,085
      1.2. Deposits with other banks and financial institutions 1,282,746
      1.3 Financial investments 240,471
      1.3.1.           Investments in subsidiary  -
      1.4. Loans and advances to customers (net) 3,005,214
      1.4.1.           Performing loans 2,874,673
      1.4.2.           Non-performing loans 238,358
      1.4.3.           Deferred loan payments (9,212)
      1.4.4.           Accrued interest receivables 50,078
      1.4.5.           Provision for loan impairment (148,683)
      1.5. Derivative financial assets  237,068
      1.6. Other financial assets 184,295
      1.7. Other non-financial assets 92,378
      1.8. Premises and equipments 142,979
      1.9. Investment properties 37,927
      1.10. Assets for sale   47,414
      1.11. Intangible assets 17,803
      Total assets 7,221,381
      2. LIABILITIES
      2.1. Current accounts 1,369,442
      2.2. Savings 3,728,686
      2.3. Due to other banks and financial institutions 1,223,983
      2.4. Other funds  161,898
      2.5. Other liabilities   273,095
      Total liabilities 6,757,103
      3. EQUITY
      3.1. Share capital  57,793
      3.2. Share premium 134,190
      3.3. Treasury stock   (81)
      3.4. Revaluation surplus    7,747
      3.5. Retained earnings 240,678
      3.6. Other components of equity 23,950
      Total equity 464,278
      Total liabilities and equity 7,221,381
      Off-balance items
      Contingencies and commitments (net) 570,720

      PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

      Ratios  Requirement   Actual 
      Tier 1 capital ratio > 9% 10.04%
      Capital adequacy ratio >12% 15.01%
      Liquidity ratio >20% 38.04%
      Single foreign currency open position ratio <±15% 12.09%
      Total foreign currency open position ratio <±30% 13.42%

      INCOME STATEMENT

      2020/09/30 (In millions of MNT)

      Income statement Items
      1. Interest income               404,638
      1.1.         Balances with the Bank of Mongolia                 10,830
      1.2.         Due from other banks and financial institutions                 16,494
      1.3.         Investments in securities                 30,687
      1.4.         Loans and advances to customers               301,738
      1.5.         Other                 44,888
      2. Interest expense               323,796
      2.1.         Customer accounts                 13,526
      2.2.         Savings               205,722
      2.3.         Borrowed funds                 44,772
      2.4.         Securities                   1,536
      2.5.         Other                 58,239
      3. Net interest income                 80,843
      4. Provision expenses                 75,329
      5. Net interest income after provision                    5,514
      6. Other income               166,483
      6.1.         Non-interest income               132,329
      6.1.1.               Gains from trading in foreign currencies                 20,310
      6.1.2.               Gains from foreign currency exchange translation                 72,848
      6.1.3.               Fees and commission income                 38,355
      6.1.4.               Other non-interest income                       816
      6.2.         Other income                 34,154
      7. Other expense               149,634
      7.1.         Non-interest expense               147,394
      7.1.1.               Other provision expense                 48,973
      7.1.2.               Losses from trading in foreign currencies                          -
      7.1.3.               Losses from foreign currency exchange translation                          -
      7.1.4.               Fees and commission expense 13,327
      7.1.5.               Other operating expense                 85,094
      7.2.         Other expense                   2,239
      8. Profit before tax                 22,364
      9. Income tax expense                   6,376
      10. Profit after tax                 15,988

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2020/09/30 (In millions of MNT)

      Related parties Category of assets  Balance   Share to capital 
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1.            Shareholders of the Bank - - -
      1.2.            Key management personnel - - -
      1.3.            Other related parties  Investment units 28,000 4.69%
      2. Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1.            Shareholders of the Bank  Loan,Credit line, Receivable 25,398 4.26%
      2.2.            Key management personnel  Loan, Credit line, Guarantee 3,183 0.53%
      2.3.            Other related parties  Loan, Guarantee, Receivable, Share 80,385 13.47%
    • UNAUDITED FINANCIAL STATEMENTS

      2020/06/30 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1 Cash and cash equivalents 1,307,769
      1.2 Deposits with other banks and financial institutions 1,307,738
      1.3 Financial investments 232,541
      1.3.1 Investments in subsidiary -
      1.4 Loans and advances to customers (net) 3,025,278
      1.4.1 Performing loans 2,887,432
      1.4.2 Non-performing loans 201,712
      1.4.3 Deferred loan payments (8,807)
      1.4.4 Accrued interest receivables 61,266
      1.4.5 Provision for loan impairment (116,325)
      1.5 Derivative financial assets 244,879
      1.6 Other financial assets 188,300
      1.7 Other non-financial assets 128,388
      1.8 Premises and equipments 145,554
      1.9 Investment properties 45,513
      1.10 Assets for sale 26,625
      1.11 Intangible assets 16,489
      Total assets 6,669,074
      2. LIABILITIES
      2.1 Current accounts
      2.2 Savings 3,089,235
      2.3 Due to other banks and financial institutions 1,089,952
      2.4 Other funds 192,373
      2.5 Other liabilities 301,025
      Total liabilities 6,182,637
      3. EQUITY
      3.1 Share capital 57,793
      3.2 Share premium 135,172
      3.3 Treasury stock -
      3.4 Revaluation surplus 7,747
      3.5 Retained earnings 262,505
      3.6 Other components of equity 23,220
      Total equity 486,437
      Total liabilities and equity 6,669,074
      Off-balance items
      Contingencies and commitments (net) 474,602

      PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

      Ratios  Requirement   Actual 
      Tier 1 capital ratio > 9% 10.79%
      Capital adequacy ratio >12% 15.85%
      Liquidity ratio >20% 30.77%
      Single foreign currency open position ratio <±15% 5.89%
      Total foreign currency open position ratio <±30% 10.85%

      INCOME STATEMENT

      2020/06/30 (In millions of MNT)

      Income statament items
      1. Interest income 258,393
      1.1 Balances with the Bank of Mongolia 7,883
      1.2 Due from other banks and financial institutions  10,670
      1.3 Investments in securities 16,086
      1.4 Loans and advances to customers 197,090
      1.5 Other 26,664
      2. Interest expense 211,238
      2.1 Customer accounts  13,533
      2.2 Savings  135,903
      2.3 Borrowed funds 25,590
      2.4 Securities 1,536
      2.5. Other 34,676
      3. Net interest income  47,154
      4. Provision expenses 57,199
      5. Net interest income after provision  (10,045)
      6. Other income 159,871
      6.1 Non-interest income  126,757
      6.1.1 Gains from trading in foreign currencies  13,033
      6.1.2 Gains from foreign currency exchange translation 87,040
      6.1.3 Fees and commission income 25,466
      6.1.4 Other non-interest income 1,217
      6.2 Other income  33,114
      7. Other expense 118,764
      7.1 Non-interest expense  117,425
      7.1.1 Other provision expense  47,375
      7.1.2 Losses from trading in foreign currencies -
      7.1.3 Losses from foreign currency exchange translation -
      7.1.4 Fees and commission expense 12,352
      7.1.5 Other operating expense 57,699
      7.2 Other expense 1,338
      8. Profit before tax  31,063
      9. Income tax expense 6,247
      10. Profit after tax 24,815

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2020/06/30 (In millions of MNT)

      Related parties Category of assets  Balance  Share to capital
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1  Shareholders of the Bank - - -
      1.2 Key management personnel - - -
      1.3 Other related parties Loan, Receivable, Guarantee 28,762 4.65%
      2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1 Shareholders of the Bank Loan,Credit line, Receivable 26,891 4.34%
      2.2 Key management personnel In millions of MNT 3,205 0.52%
      2.3 Other related parties Loan, Guarantee, Receivable 87,728 14.17%
    • UNAUDITED FINANCIAL STATEMENTS

      2020/03/31 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1 Cash and cash equivalents 1,492,063
      1.2 Deposits with other banks and financial institutions 968,875
      1.3 Financial investments   206,168
      1.3.1 Investments in subsidiary -
      1.4 Loans and advances to customers (net)    3,106,970
      1.4.1 Performing loans 2,960,604
      1.4.2 Non-performing loans 174,013
      1.4.3 Deferred loan payments     (8,512)
      1.4.4 Accrued interest receivables   93,736
      1.4.5 Provision for loan impairment  (112,871)
      1.5 Derivative financial assets   191,640
      1.6 Other financial assets 199,458
      1.7 Other non-financial assets  88,350
      1.8 Premises and equipments   144,438
      1.9 Investment properties 50,091
      1.10 Assets for sale 68,345
      1.11 Intangible assets  16,950
      Total assets 6,533,348
      2. LIABILITIES
      2.1 Current accounts 1,678,789
      2.2 Savings   2,996,236
      2.3 Due to other banks and financial institutions    811,320
      2.4 Other funds       272,285
      2.5 Other liabilities  283,959
      Total liabilities 6,042,589
      3. EQUITY
      3.1 Share capital     57,793
      3.2 Share premium   135,172
      3.3 Treasury stock -
      3.4 Revaluation surplus 6,505
      3.5 Retained earnings   273,755
      3.6 Other components of equity     17,534
      Total equity 490,759
      Total liabilities and equity 6,533,348
      Off-balance items
      Contingencies and commitments (net)   488,307

      PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA

      Ratios  Requirement   Actual 
      Tier 1 capital ratio > 9% 10.48%
      Capital adequacy ratio >12% 15.25%
      Liquidity ratio >20% 31.98%
      Single foreign currency open position ratio <±15% 6.73%
      Total foreign currency open position ratio <±30% 8.34%

      INCOME STATEMENT

      2020/03/31 (In millions of MNT)

      Income statament items
      1. Interest income   151,048
      1.1 Balances with the Bank of Mongolia  4,465
      1.2 Due from other banks and financial institutions  5,304
      1.3 Investments in securities    8,574
      1.4 Loans and advances to customers  119,373
      1.5 Other      13,332
      2. Interest expense  109,113
      2.1 Customer accounts    8,606
      2.2 Savings 69,756
      2.3 Borrowed funds  13,116
      2.4 Securities
      2.5. Other 17,635
      3. Net interest income     41,935
      4. Provision expenses 63,369
      5. Net interest income after provision      (21,434)
      6. Other income  66,877
      6.1 Non-interest income 63,711
      6.1.1 Gains from trading in foreign currencies  8,545
      6.1.2 Gains from foreign currency exchange translation  41,086
      6.1.3 Fees and commission income 12,822
      6.1.4 Other non-interest income 1,260
      6.2 Other income 3,166
      7. Other expense 42,639
      7.1 Non-interest expense 42,012
      7.1.1 Other provision expense  6,244
      7.1.2 Losses from trading in foreign currencies -
      7.1.3 Losses from foreign currency exchange translation -
      7.1.4 Fees and commission expense   6,339
      7.1.5 Other operating expense  29,429
      7.2 Other expense   627
      8. Profit before tax 2,805
      9. Income tax expense  311
      10. Profit after tax    2,494

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2020/03/31 (In millions of MNT)

      Related parties Category of assets  Balance  Share to capital
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1  Shareholders of the Bank - - -
      1.2 Key management personnel - - -
      1.3 Other related parties Loan, Receivable, Guarantee 28,000 4.47%
      2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1 Shareholders of the Bank Loan,Credit line, Receivable 28,050 4.47%
      2.2 Key management personnel In millions of MNT 2,528 0.40%
      2.3 Other related parties Loan, Guarantee, Receivable 77,206 12.31%
    • AUDITED FINANCIAL STATEMENTS

      2019/12/31 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1 Cash and cash equivalents 1,465,380
      1.2 Deposits with other banks and financial institutions 1,012,300
      1.3 Financial investments               200,682
      1.3.1 Investments in subsidiary -
      1.4 Loans and advances to customers (net)            3,306,694
      1.4.1 Performing loans            3,180,421
      1.4.2 Non-performing loans               165,058
      1.4.3 Deferred loan payments (9,299)
      1.4.4 Accrued interest receivables                 91,708
      1.4.5 Provision for loan impairment              (121,194)
      1.5 Derivative financial assets               138,110
      1.6 Other financial assets               156,375
      1.7 Other non-financial assets               101,963
      1.8 Premises and equipments               147,749
      1.9 Investment properties                 42,388
      1.10 Assets for sale                 57,125
      1.11 Intangible assets                 14,370
      Total assets          6,643,136
      2. LIABILITIES
      2.1 Current accounts            1,809,998
      2.2 Savings 3,003,032
      2.3 Due to other banks and financial institutions 815,374
      2.4 Other funds 268,031
      2.5 Other liabilities 284,196
      Total liabilities           6,180,631
      3. EQUITY
      3.1 Share capital 57,793
      3.2 Share premium 135,172
      3.3 Treasury stock -
      3.4 Revaluation surplus                   7,747
      3.5 Retained earnings               197,396
      3.6 Other components of equity                 64,397
      Total equity              462,505
      Total liabilities and equity           6,643,136
      Off-balance items
      Contingencies and commitments (net) 675,316

      Prudential ratios by the Bank of Mongolia

      Ratios Requirement Actual 
      Tier 1 capital ratio > 9% 9.03%
      Capital adequacy ratio >12% 13.54%
      Liquidity ratio >25% 32.58%
      Single foreign currency open position ratio <±15% -0.91%
      Total foreign currency open position ratio <±30% -13.44%

      Audited Income statement

      2019/12/31 (In millions of MNT)

      Income statement Items
      1. Interest income               577,892
      1.1 Balances with the Bank of Mongolia 18,536
      1.2 Due from other banks and financial institutions 21,176
      1.3 Investments in securities 57,135
      1.4 Loans and advances to customers 466,427
      1.5 Other 14,617
      2. Interest expense 366,007
      2.1 Customer accounts 39,469
      2.2 Savings 284,693
      2.3 Borrowed funds 40,993
      2.4 Securities -
      2.5 Other 851
      3. Net interest income 211,885
      4. Provision expenses 135,445
      5. Net interest income after provision  76,440
      6. Other income 107,105
      6.1 Non-interest income 96,687
      6.1.1 Gains from trading in foreign currencies 12,299
      6.1.2 Gains from foreign currency exchange translation 31,291
      6.1.3 Fees and commission income 55,098
      6.1.4 Other non-interest income -
      6.2 Other income 8,417
      7. Other expense 158,650
      7.1  Non-interest expense 148,984
      7.1.1 Other provision expense 11,582
      7.1.2 Losses from trading in foreign currencies -
      7.1.3 Losses from foreign currency exchange translation -
      7.1.4 Fees and commission expense 17,094
      7.1.5 Other operating expense 120,308
      7.2 Other expense 9,666
      8. Profit before tax 24,895
      9. Income tax expense 8,590
      10. Profit after tax 16,305
      11. Other comprehensive income (5,451)
      12. Total comprehensive income 10,853

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2019/12/31 (In millions of MNT)

      Related parties Category of assets Balance  Share to capital 
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1 Shareholders of the Bank - - -
      1.2 Key management personnel - - -
      1.3 Other related parties Loan 27,905 4.8%
      2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1 Shareholders of the Bank  Loan 29,422 5.1%
      2.2 Key management personnel  Loan 2,209 0.4%
      2.3  Other related parties  Loan, Guarantee 67,234 11.7%
    • UNAUDITED FINANCIAL STATEMENTS

      2019/09/30 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1 Cash and cash equivalents 1,630,102
      1.2 Deposits with other banks and financial institutions 1,044,918
      1.3 Financial investments 207,672
      1.3.1 Investments in subsidiary -
      1.4 Loans and advances to customers (net) 3,151,752
      1.4.1 Performing loans 2,987,225
      1.4.2 Non-performing loans 228,035
      1.4.3 Deferred loan payments (9,346)
      1.4.4 Accrued interest receivables 88,907
      1.4.5 Provision for loan impairment (143,069)
      1.5 Derivative financial assets 201,529
      1.6 Other financial assets 236,398
      1.7 Other non-financial assets 46,014
      1.8 Premises and equipments 129,116
      1.9 Investment properties 50,150
      1.10 Assets for sale 79,677
      1.11 Intangible assets 15,917
      Total assets 6,793,244
      2. LIABILITIES
      2.1 Current accounts 1,840,736
      2.2 Savings 3,123,470
      2.3 Due to other banks and financial institutions 854,664
      2.4 Other funds 284,452
      2.5 Other liabilities 138,895
      Total liabilities 6,242,216
      3. EQUITY
      3.1 Share capital 108,101
      3.2 Share premium 127,629
      3.3 Treasury stock -
      3.4 Revaluation surplus 6,855
      3.5 Retained earnings 289,174
      3.6 Other components of equity 19,269
      Total equity 551,028
      Total liabilities and equity 6,793,244
      Off-balance items
      Contingencies and commitments (net) 593,270

      Prudential ratios by the Bank of Mongolia

      Ratios Requirement Actual
      Tier 1 capital ratio > 9% 10.0%
      Capital adequacy ratio >12% 13.9%
      Liquidity ratio >25% 33.5%
      Single foreign currency open position ratio <±15% -8.4%
      Total foreign currency open position ratio <±30% -13.5%

      INCOME STATEMENT

      2019/09/30 (In millions of MNT)

      Income statement Items
      1. Interest income 437,815
      1.1 Balances with the Bank of Mongolia  12,314
      1.2 Due from other banks and financial institutions  15,095
      1.3 Investments in securities 43,541
      1.4 Loans and advances to customers 328,872
      1.5 Other 37,994
      2. Interest expense 300,590
      2.1 Customer accounts  22,227
      2.2 Savings  209,929
      2.3 Borrowed funds 32,121
      2.4 Securities -
      2.5 Other 36,313
      3. Net interest income  137,225
      4. Provision expenses 86,299
      5. Net interest income after provision 50,926
      6. Other income 138,846
      6.1 Non-interest income  136,846
      6.1.1 Gains from trading in foreign currencies  10,389
      6.1.2 Gains from foreign currency exchange translation 84,434
      6.1.3 Fees and commission income 41,541
      6.1.4 Other non-interest income -
      6.2 Other income  2,483
      7. Other expense 135,796
      7.1 Non-interest expense  134,224
      7.1.1 Other provision expense  29,604
      7.1.2 Losses from trading in foreign currencies -
      7.1.3 Losses from foreign currency exchange translation -
      7.1.4 Fees and commission expense 17,138
      7.1.5 Other operating expense 87,482
      7.2 Other expense 1,572
      8. Profit before tax  53,977
      9. Income tax expense 4,199
      10. Profit after tax 49,778

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2019/09/30 (In millions of MNT)

      Related parties Category of assets  Balance  Share to capital
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1.            Shareholders of the Bank - - -
      1.2.            Key management personnel - - -
      1.3.            Other related parties Loan 18,703 3.1%
      2. Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1.            Shareholders of the Bank  Loan                 17,185 2.8%
      2.2.            Key management personnel  Loan                    2,342 0.4%
      2.3.            Other related parties  Loan, Guarantee                 67,754 11.1%
    • UNAUDITED FINANCIAL STATEMENTS

      2019/06/30 (In millions of MNT)

      Balance sheet Items 
      1. ASSETS
      1.1 Cash and cash equivalents 1,415,809
      1.2 Deposits with other banks and financial institutions 838,365
      1.3 Financial investments 322,096
      1.3.1 Investments in subsidiary -
      1.4 Loans and advances to customers (net) 3,307,469
      1.4.1 Performing loans 3,098,171
      1.4.2 Non-performing loans 259,617
      1.4.3 Deferred loan payments (9,866)
      1.4.4 Accrued interest receivables 95,484
      1.4.5 Provision for loan impairment (135,938)
      1.5 Derivative financial assets 199,625
      1.6 Other financial assets 107,601
      1.7 Other non-financial assets 57,022
      1.8 Premises and equipments 125,004
      1.9 Investment properties 41,283
      1.10 Assets for sale 81,201
      1.11 Intangible assets 14,193
      Total assets 6,509,667
      2. LIABILITIES
      2.1 Current accounts 1,624,094
      2.2 Savings 2,984,327
      2.3 Due to other banks and financial institutions 833,543
      2.4 Other funds 347,954
      2.5 Other liabilities 175,338
      Total liabilities 5,965,257
      3. EQUITY
      3.1 Share capital 108,101
      3.2 Share premium 127,629
      3.3 Treasury stock -
      3.4 Revaluation surplus 6,855
      3.5 Retained earnings 277,586
      3.6 Other components of equity 24,239
      Total equity 544,410
      Total liabilities and equity 6,509,667
      Off-balance items
      Contingencies and commitments (net) 575,931

      Prudential ratios by the Bank of Mongolia

      Ratios  Requirement Actual
      Tier 1 capital ratio > 9% 11.4%
      Capital adequacy ratio >14% 14.0%
      Liquidity ratio >25% 33.7%
      Single foreign currency open position ratio <±15% 6.1%
      Total foreign currency open position ratio <±40% 8.6%

      INCOME STATEMENT

      2019/06/30

      Income statement Items
      1. Interest income 278,026
      1.1 Balances with the Bank of Mongolia  8,102
      1.2 Due from other banks and financial institutions  9,224
      1.3 Investments in securities 32,869
      1.4 Loans and advances to customers 204,955
      1.5 Other 22,876
      2. Interest expense 191,730
      2.1 Customer accounts  13,335
      2.2 Savings  137,112
      2.3 Borrowed funds 19,834
      2.4 Securities -
      2.5 Other 21,449
      3. Net interest income  86,296
      4. Provision expenses 65,751
      5. Net interest income after provision 20,545
      6. Other income 166,842
      6.1 Non-interest income  115,337
      6.1.1 Gains from trading in foreign currencies  6,875
      6.1.2 Gains from foreign currency exchange translation 81,966
      6.1.3 Fees and commission income 26,496
      6.1.4 Other non-interest income -
      6.2 Other income  1,505
      7. Other expense 93,012
      7.1 Non-interest expense  91,931
      7.1.1 Other provision expense  24,080
      7.1.2 Losses from trading in foreign currencies -
      7.1.3 Losses from foreign currency exchange translation -
      7.1.4 Fees and commission expense 10,690
      7.1.5 Other operating expense 57,161
      7.2 Other expense 1,081
      8. Profit before tax  44,375
      9. Income tax expense 6,184
      10. Profit after tax 38,191

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2019/06/30 (In millions of MNT)

      Related parties Category of assets Balance   Share to capital 
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1 Shareholders of the Bank - - -
      1.2 Key management personnel - - -
      1.3 Other related parties Loan  18,853 3.1%
      2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1 Shareholders of the Bank Loan  18,755 3.1%
      2.2 Key management personnel Loan  2,479 0.4%
      2.3 Other related parties  Loan, Guarantee  73,410 12.2%
    • UNAUDITED FINANCIAL STATEMENTS

      2019/03/31 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1 Cash and cash equivalents 1,082,617
      1.2 Deposits with other banks and financial institutions 871,647
      1.3 Financial investments  385,927
      1.3.1 Investments in subsidiary -
      1.4 Loans and advances to customers (net) 3,107,894
      1.4.1 Performing loans 2,858,420
      1.4.2 Non-performing loans    341,447
      1.4.3 Deferred loan payments  (9,178)
      1.4.4 Accrued interest receivables  116,953
      1.4.5 Provision for loan impairment  (199,748)
      1.5 Derivative financial assets   115,352
      1.6 Other financial assets  118,203
      1.7 Other non-financial assets 56,428
      1.8 Premises and equipments  120,202
      1.9 Investment properties 37,567
      1.10 Assets for sale 91,428
      1.11 Intangible assets  14,401
      Total assets    6,001,667
      2. LIABILITIES
      2.1 Current accounts 1,310,532
      2.2 Savings 2,875,924
      2.3 Due to other banks and financial institutions 870,749
      2.4 Other funds   277,697
      2.5 Other liabilities  146,657
      Total liabilities 5,481,558
      3. EQUITY
      3.1 Share capital 108,101
      3.2 Share premium 127,629
      3.3 Treasury stock -
      3.4 Revaluation surplus 6,962
      3.5 Retained earnings 227,141
      3.6 Other components of equity 50,276
      Total equity  520,109
      Total liabilities and equity 6,001,667
      Off-balance items
      Contingencies and commitments (net) 528,012

      Prudential ratios by the Bank of Mongolia

      Ratios Requirement %  Actual %
      Tier 1 capital ratio > 9% 10.8%
      Capital adequacy ratio >14% 14.0%
      Liquidity ratio >25% 32.4%
      Single foreign currency open position ratio <±15% -3.2%
      Total foreign currency open position ratio <±40% -7.4%

      INCOME STATEMENT

      2019/03/31 (In millions of MNT)

      Income statement Items
      1. Interest income 152,343
      1.1 Balances with the Bank of Mongolia  3,985
      1.2 Due from other banks and financial institutions  4,257
      1.3 Investments in securities 12,959
      1.4 Loans and advances to customers 122,483
      1.5 Other 8,658
      2. Interest expense 89,670
      2.1 Customer accounts  4,876
      2.2 Savings  68,988
      2.3 Borrowed funds 9,049
      2.4 Securities -
      2.5 Other 6,758
      3. Net interest income  62,673
      4. Provision expenses 38,325
      5. Net interest income after provision 24,348
      6. Other income 57,894
      6.1 Non-interest income  57,718
      6.1.1 Gains from trading in foreign currencies  45,088
      6.1.2 Gains from foreign currency exchange translation -
      6.1.3 Fees and commission income 12,630
      6.1.4 Other non-interest income -
      6.2 Other income 176
      7. Other expense 76,679
      7.1 Non-interest expense  76,361
      7.1.1 Other provision expense  90
      7.1.2 Losses from trading in foreign currencies -
      7.1.3 Losses from foreign currency exchange translation 44,004
      7.1.4 Fees and commission expense 4,872
      7.1.5 Other operating expense 27,396
      7.2 Other expense 318
      8. Profit before tax  5,563
      9. Income tax expense 23
      10. Profit after tax 5,540
      11. Other comprehensive income -
      12. Total comprehensive income 5,540

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2019/03/31 (In millions of MNT)

      Related parties Category of assets Balance  Share to capital
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1 Shareholders of the Bank - - -
      1.2 Key management personnel - - -
      1.3 Other related parties Loan 20,950 3.7%
      2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1 Shareholders of the Bank Loan 28,050 4.47%
      2.2 Key management personnel Loan 3,438 0.6%
      2.3 Other related parties Loan, Guarantee 77,146 13.6%
    • AUDITED FINANCIAL STATEMENTS

      2018/12/31 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1. Cash and cash equivalents        1,181,731
      1.2. Deposits with other banks and financial institutions         868,954
      1.3 Financial investments          373,212
      1.3.1.           Investments in subsidiary                          -
      1.4. Loans and advances to customers (net)       3,183,724
      1.4.1.           Performing loans      3,079,527
      1.4.2.           Non-performing loans          175,636
      1.4.3.           Deferred loan payments         (10,940)
      1.4.4.           Accrued interest receivables           112,401
      1.4.5.           Provision for loan impairment       (172,900)
      1.5. Derivative financial assets          125,353
      1.6. Other financial assets            55,534
      1.7. Other non-financial assets            79,194
      1.8. Premises and equipments         130,090
      1.9. Investment properties            34,294
      1.10. Assets for sale             34,777
      1.11. Intangible assets            14,250
      Total assets    6,081,113
      2. LIABILITIES
      2.1. Current accounts       1,441,007
      2.2. Savings      2,859,629
      2.3. Due to other banks and financial institutions          681,930
      2.4. Other funds         440,643
      2.5. Other liabilities          144,827
      Total liabilities    5,568,037
      3. EQUITY
      3.1. Share capital          108,101
      3.2. Share premium          127,629
      3.3. Treasury stock                          -
      3.4. Revaluation surplus              6,855
      3.5. Retained earnings         202,843
      3.6. Other components of equity            67,648
      Total equity       513,076
      Total liabilities and equity     6,081,113
      Off-balance items
      Contingencies and commitments (net)          424,323

      Prudential ratios by the Bank of Mongolia

      Ratios  Requirement % Actual %
      Tier 1 capital ratio > 9% 11.1%
      Capital adequacy ratio >14% 14.6%
      Liquidity ratio >25% 36.7%
      Single foreign currency open position ratio <±15% -2.1%
      Total foreign currency open position ratio <±40% -5.3%

      AUDITED INCOME STATEMENT

      2018/12/31

      Income statement Items
      1. Interest income   493,961
      1.1.         Balances with the Bank of Mongolia      11,833
      1.2.         Due from other banks and financial institutions 10,902
      1.3.         Investments in securities 70,847
      1.4.         Loans and advances to customers 388,391
      1.5.         Other 11,989
      2. Interest expense 323,255
      2.1.         Customer accounts 18,382
      2.2.         Savings 267,256
      2.3.         Borrowed funds 37,260
      2.4.         Securities 357
      2.5.         Other -
      3. Net interest income 170,706
      4. Provision expenses 66,151
      5. Net interest income after provision  104,555
      6. Other income 157,528
      6.1.         Non-interest income 139,117
      6.1.1.               Gains from trading in foreign currencies 19,173
      6.1.2.               Gains from foreign currency exchange translation   72,554
      6.1.3.               Fees and commission income 47,389
      6.1.4.               Other non-interest income -
      6.2.         Other income 18,412
      7. Other expense 186,484
      7.1.         Non-interest expense 138,012
      7.1.1.               Other provision expense 16,949
      7.1.2.               Losses from trading in foreign currencies -
      7.1.3.               Losses from foreign currency exchange translation -
      7.1.4.               Fees and commission expense 12,323
      7.1.5.               Other operating expense 108,740
      7.2.         Other expense 48,472
      8. Profit before tax 75,600
      9. Income tax expense 22,054
      10. Profit after tax 53,546
      11. Other comprehensive income (4667)
      12. Total comprehensive income 48,880

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2018/12/31

      Related parties Category of assets Balance  Share to capital
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1 Shareholders of the Bank - - -
      1.2 Key management personne - - -
      1.3 Other related parties Loan  22,930 4.0%
      2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1 Shareholders of the Bank Loan  27,275 4.8%
      2.2  Key management personnel Loan  2,629 0.5%
      2.3 Other related parties Loan, Guarantee 70,770 12.4%
    • UNAUDITED FINANCIAL STATEMENTS

      2018/09/30 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1 Cash and cash equivalents 1,051,426
      1.2 Deposits with other banks and financial institutions 566,816
      1.3 Financial investments 310,216
      1.3.1 Investments in subsidiary -
      1.4 Loans and advances to customers (net) 2,794,836
      1.4.1 Performing loans 2,624,199
      1.4.2 Non-performing loans 230,889
      1.4.3 Deferred loan payments (10,216)
      1.4.4 Accrued interest receivables 132,912
      1.4.5 Provision for loan impairment (182,947)
      1.5 Derivative financial assets 100,797
      1.6 Other financial assets 122,231
      1.7 Other non-financial assets 89,740
      1.8 Premises and equipments 106,443
      1.9 Investment properties 41,220
      1.10 Assets for sale 45,744
      1.11 Intangible assets 17,170
      Total assets 5,246,640
      2. LIABILITIES
      2.1 Current accounts 1,084,243
      2.2 Savings 2,501,937
      2.3 Due to other banks and financial institutions 734,125
      2.4 Other funds 332,961
      2.5 Other liabilities 151,710
      Total liabilities 4,804,975
      3. EQUITY
      3.1 Share capital 104,392
      3.2 Share premium 74,338
      3.3 Treasury stock -
      3.4 Revaluation surplus 3,962
      3.5 Retained earnings 181,443
      3.6 Other components of equity 77,530
      Total equity 441,665
      Total liabilities and equity 5,246,640
      Off-balance items
      Contingencies and commitments (net) 430,727

      Prudential ratios by the Bank of Mongolia

      Ratios Requirement Actual
      Tier 1 capital ratio > 9% 9.38%
      Capital adequacy ratio >14% 14.05%
      Liquidity ratio >25% 30.90%
      Single foreign currency open position ratio <±15% -1.48%
      Total foreign currency open position ratio <±40% -7.42%

      INCOME STATEMENT

      2018/09/30 (In millions of MNT)

      Income statement Items
      1. Interest income 366,275
      1.1 Balances with the Bank of Mongolia  8,611
      1.2 Due from other banks and financial institutions  6,589
      1.3 Investments in securities 57,562
      1.4 Loans and advances to customers 284,133
      1.5 Other 9,380
      2. Interest expense 239,562
      2.1 Customer accounts  13,536
      2.2 Savings  199,595
      2.3 Borrowed funds 24,393
      2.4 Securities 200
      2.5 Other 1,838
      3. Net interest income  126,713
      4. Provision expenses 100,568
      5. Net interest income after provision 26,146
      6. Other income 112,888
      6.1 Non-interest income  96,148
      6.1.1 Gains from trading in foreign currencies  8,599
      6.1.2 Gains from foreign currency exchange translation 53,736
      6.1.3 Fees and commission income 33,814
      6.1.4 Other non-interest income -
      6.2 Other income  16,740
      7. Other expense 99,182
      7.1 Non-interest expense  96,060
      7.1.1 Other provision expense  14,865
      7.1.2 Losses from trading in foreign currencies -
      7.1.3 Losses from foreign currency exchange translation -
      7.1.4 Fees and commission expense 11,425
      7.1.5 Other operating expense 69,770
      7.2 Other expense 3,122
      8. Profit before tax  39,852
      9. Income tax expense 7,755
      10. Profit after tax 32,096
      11. Other comprehensive income -
      12. Total comprehensive income 32,096

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2018/09/30 (In millions of MNT)

      Related parties Category of assets Balance  Share to capital 
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1 Shareholders of the Bank - - -
      1.2 Key management personnel - - -
      1.3 Other related parties Loan  21,647 4.3%
      2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1 Shareholders of the Bank Loan  3,998 0.8%
      2.2 Key management personnel Loan  2,005 0.4%
      2.3 Other related parties Loan, Guarantee  82,136 16.5%
    • UNAUDITED FINANCIAL STATEMENTS

      2018/06/30 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1 Cash and cash equivalents 1,302,358
      1.2 Deposits with other banks and financial institutions 334,084
      1.3 Financial investments 457,629
      1.3.1 Investments in subsidiary 1,200
      1.4 Loans and advances to customers (net) 2,800,240
      1.4.1 Performing loans 2,572,466
      1.4.2 Non-performing loans 224,324
      1.4.3 Deferred loan payments (10,289)
      1.4.4 Accrued interest receivables 188,909
      1.4.5 Provision for loan impairment (175,170)
      1.5 Derivative financial assets 71,407
      1.6 Other financial assets 128,204
      1.7 Other non-financial assets 48,251
      1.8 Premises and equipments 147,855
      1.9 Investment properties 37,306
      1.10 Assets for sale 31,426
      1.11 Intangible assets 16,308
      Total assets 5,393,068
      2. LIABILITIES
      2.1 Current accounts 1,196,971
      2.2 Savings 2,465,845
      2.3 Due to other banks and financial institutions 767,314
      2.4 Other funds 334,792
      2.5 Other liabilities 144,343
      Total liabilities 4,909,265
      3. EQUITY
      3.1 Share capital 104,392
      3.2 Share premium 74,338
      3.3 Treasury stock -
      3.4 Revaluation surplus 3,962
      3.5 Retained earnings 224,618
      3.6 Other components of equity 76,493
      Total equity 483,803
      Total liabilities and equity 5,393,068
      Off-balance items
      Contingencies and commitments (net) 490,308

      Prudential ratios by the Bank of Mongolia

      Ratios Requirement % Actual %
      Tier 1 capital ratio > 9% 9.9%
      Capital adequacy ratio >14% 14.1%
      Liquidity ratio >25% 33.0%
      Single foreign currency open position ratio <±15% 9.4%
      Total foreign currency open position ratio <±40% 11.2%

      INCOME STATEMENT

      2018/06/30 (In millions of MNT)

      Income statement Items
      1. Interest income 294,323
      1.1 Balances with the Bank of Mongolia  6,054
      1.2 Due from other banks and financial institutions  3,856
      1.3 Investments in securities 44,386
      1.4 Loans and advances to customers 234,217
      1.5 Other 5,810
      2. Interest expense 159,151
      2.1 Customer accounts  8,265
      2.2 Savings  133,998
      2.3 Borrowed funds 15,771
      2.4 Securities -
      2.5 Other 1,118
      3. Net interest income  135,172
      4. Provision expenses 78,991
      5. Net interest income after provision 56,181
      6. Other income 43,388
      6.1 Non-interest income  26,997
      6.1.1 Gains from trading in foreign currencies  4,885
      6.1.2 Gains from foreign currency exchange translation -
      6.1.3 Fees and commission income 22,112
      6.1.4 Other non-interest income -
      6.2 Other income  16,391
      7. Other expense 74,339
      7.1 Non-interest expense  71,562
      7.1.1 Other provision expense  7,124
      7.1.2 Losses from trading in foreign currencies -
      7.1.3 Losses from foreign currency exchange translation 12,822
      7.1.4 Fees and commission expense 7,244
      7.1.5 Other operating expense 44,372
      7.2 Other expense 2,777
      8. Profit before tax  25,230
      9. Income tax expense 4,258
      10. Profit after tax 20,972

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2018/06/30 (In millions of MNT)

      Related parties Category of assets Balance  Share to capital
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1 Shareholders of the Bank - - -
      1.2 Key management personnel - - -
      1.3 Other related parties Loan 20,889 3.6%
      2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1 Shareholders of the Bank Loan 756 0.1%
      2.2 Key management personnel Loan 1,190 0.2%
      2.3 Other related parties Loan, Guarantee 81,066 13.9%
    • UNAUDITED FINANCIAL STATEMENTS

      2018/03/31 (In millions of MNT)

         Balance sheet Items 
      1. ASSETS
      1.1 Cash and cash equivalents 1,753,470
      1.2 Deposits with other banks and financial institutions 74,827
      1.3 Financial investments 520,904
      1.3.1 Investments in subsidiary 1,200
      1.4 Loans and advances to customers (net) 2,272,111
      1.4.1 Performing loans 2,078,102
      1.4.2 Non-performing loans 188,253
      1.4.3 Deferred loan payments (5,617)
      1.4.4 Accrued interest receivables 100,691
      1.4.5 Provision for loan impairment (89,318)
      1.5 Derivative financial assets
      1.6 Other financial assets 96,399
      1.7 Other non-financial assets 25,587
      1.8 Premises and equipments 164,813
      1.9 Investment properties 59,927
      1.10 Assets for sale 45,997
      1.11 Intangible assets 16,435
      Total assets 5,097,163
      2. LIABILITIES
      2.1 Current accounts 910,496
      2.2 Savings 2,446,902
      2.3 Due to other banks and financial institutions 893,146
      2.4 Other funds 275,404
      2.5 Other liabilities 160,952
      Total liabilities 4,686,902
      3. EQUITY
      3.1 Share capital 52,146
      3.2 Share premium 46,584
      3.3 Treasury stock -
      3.4 Revaluation surplus 9,204
      3.5 Retained earnings 256,290
      3.6 Other components of equity 46,037
      Total equity 410,261
      Total liabilities and equity 5,097,163
      Off-balance items
      Contingencies and commitments (net) 519,866

      Prudential ratios by the Bank of Mongolia

      Ratios Requirement Actual
      Tier 1 capital ratio > 9% 9.6%
      Capital adequacy ratio >14% 14.4%
      Liquidity ratio >25% 40.3%
      Single foreign currency open position ratio <±15% -5.3%
      Total foreign currency open position ratio <±40% -9.5%

      INCOME STATEMENT

      2018/03/31 (In millions of MNT)

      Income statement Items
      1. Interest income 116,238
      1.1 Balances with the Bank of Mongolia  2,816
      1.2 Due from other banks and financial institutions  1,344
      1.3 Investments in securities 25,160
      1.4 Loans and advances to customers 83,898
      1.5 Other 3,019
      2. Interest expense 79,732
      2.1 Customer accounts  4,118
      2.2 Savings  67,047
      2.3 Borrowed funds 7,976
      2.4 Securities -
      2.5 Other 590
      3. Net interest income  36,507
      4. Provision expenses 23,083
      5. Net interest income after provision 13,424
      6. Other income 28,093
      6.1 Non-interest income  12,825
      6.1.1 Gains from trading in foreign currencies  2,742
      6.1.2 Gains from foreign currency exchange translation -
      6.1.3 Fees and commission income 10,083
      6.1.4 Other non-interest income -
      6.2 Other income  15,268
      7. Other expense 31,988
      7.1 Non-interest expense  31,791
      7.1.1 Other provision expense  1,262
      7.1.2 Losses from trading in foreign currencies -
      7.1.3 Losses from foreign currency exchange translation 4,920
      7.1.4 Fees and commission expense 3,498
      7.1.5 Other operating expense 22,111
      7.2 Other expense 198
      8. Profit before tax  9,529
      9. Income tax expense 181
      10. Profit after tax 9,349

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2018/03/31 (In millions of MNT)

      Related parties Category of assets Balance Share to capital
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1 Shareholders of the Bank - - -
      1.2 Key management personnel - - -
      1.3 Other related parties Loan 20,295 4.1%
      2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1 Shareholders of the Bank  Loan 4,953 1.0%
      2.2 Key management personnel  Loan 132 0.0%
      2.3 Other related parties  Loan, Guarantee 83,780 17.0%
    • AUDITED FINANCIAL STATEMENTS

      2017/12/31 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1. Cash and cash equivalents   1,140,313
      1.2. Deposits with other banks and financial institutions          701,376
      1.3 Financial investments           613,716
      1.3.1.           Investments in subsidiary         1,200
      1.4. Loans and advances to customers (net)      2,318,058
      1.4.1.           Performing loans       2,116,535
      1.4.2.           Non-performing loans               192,495
      1.4.3.           Deferred loan payments                  (6,138)
      1.4.4.           Accrued interest receivables               110,699
      1.4.5.           Provision for loan impairment         (95,533)
      1.5. Derivative financial assets            75,466
      1.6. Other financial assets            64,536
      1.7. Other non-financial assets           26,886
      1.8. Premises and equipments          140,555
      1.9. Investment properties            57,506
      1.10. Assets for sale            52,556
      1.11. Intangible assets             13,617
      Total assets   5,204,584
      2. LIABILITIES
      2.1. Current accounts          998,977
      2.2. Savings       2,412,575
      2.3. Due to other banks and financial institutions          968,162
      2.4. Other funds          267,728
      2.5. Other liabilities          165,453
      Total liabilities  4,812,895
      3. EQUITY
      3.1. Share capital           52,146
      3.2. Share premium            46,584
      3.3. Treasury stock                          -
      3.4. Revaluation surplus              3,962
      3.5. Retained earnings               218,534
      3.6. Other components of equity                 70,463
      Total equity               391,689
      Total liabilities and equity  5,204,584
      Off-balance items
      Contingencies and commitments (net)         545,529

      Prudential ratios by the Bank of Mongolia

      Ratios Requirement Actual
      Tier 1 capital ratio > 9% 9.3%
      Capital adequacy ratio >14% 14.4%
      Liquidity ratio >25% 44.3%
      Single foreign currency open position ratio <±15% -11.0%
      Total foreign currency open position ratio <±40% -15.2%

      INCOME STATEMENT

      2017/12/31 (In millions of MNT)

      Income statement Items
      1. Interest income               409,220
      1.1.         Balances with the Bank of Mongolia                 12,418
      1.2.         Due from other banks and financial institutions                   3,153
      1.3.         Investments in securities               99,784
      1.4.         Loans and advances to customers               287,085
      1.5.         Other                   6,780
      2. Interest expense               287,230
      2.1.         Customer accounts                 13,685
      2.2.         Savings               228,481
      2.3.         Borrowed funds                 45,063
      2.4.         Securities                          -
      2.5.         Other                       -
      3. Net interest income               121,990
      4. Provision expenses                 33,412
      5. Net interest income after provision                  88,579
      6. Other income               97,758
      6.1.         Non-interest income                 92,268
      6.1.1.               Gains from trading in foreign currencies                 56,617
      6.1.2.               Gains from foreign currency exchange translation                          -
      6.1.3.               Fees and commission income                 35,650
      6.1.4.               Other non-interest income                          -
      6.2.         Other income                 5,490
      7. Other expense               198,419
      7.1.         Non-interest expense               172,657
      7.1.1.               Other provision expense                 (239)
      7.1.2.               Losses from trading in foreign currencies                          -
      7.1.3.               Losses from foreign currency exchange translation                 78,652
      7.1.4.               Fees and commission expense                 9,809
      7.1.5.               Other operating expense                 84,434
      7.2.         Other expense                   25,763
      8. Profit before tax                   (12,083)
      9. Income tax expense           (6,930)
      10. Profit after tax            (5,153)
      11. Other comprehensive income 30,268
      12. Total comprehensive income 25,116

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2017/12/31 (In millions of MNT)

      Related parties Category of assets Balance Share to capital
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1 Shareholders of the Bank - - -
      1.2 Key management personnel - - -
      1.3 Other related parties Loan 20,586 4.2%
      2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1 Shareholders of the Bank Loan 5,610 1.1%
      2.2 Key management personnel Loan 133 0.0%
      2.3 Other related parties Loan, Guarantee 81,943 16.6%
    • UNAUDITED FINANCIAL STATEMENTS

      2017/09/30 (In millions of MNT)

       Balance sheet Items (In millions of MNT)
      1. ASSETS
      1.1 Cash and cash equivalents 1,726,334
      1.2 Deposits with other banks and financial institutions 61,642
      1.3 Financial investments 606,134
      1.3.1 Investments in subsidiary 1,200
      1.4 Loans and advances to customers (net) 2,099,185
      1.4.1 Performing loans 1,865,004
      1.4.2 Non-performing loans 197,906
      1.4.3 Deferred loan payments (6,238)
      1.4.4 Accrued interest receivables 112,968
      1.4.5 Provision for loan impairment (70,456)
      1.5 Derivative financial assets 87,022
      1.6 Other financial assets 100,891
      1.7 Other non-financial assets 65,316
      1.8 Premises and equipments 176,160
      1.9 Investment properties 63,288
      1.10 Assets for sale 41,416
      1.11 Intangible assets 16,247
      Total assets 5,043,636
      2. LIABILITIES
      2.1 Current accounts 971,525
      2.2 Savings 2,219,975
      2.3 Due to other banks and financial institutions 1,050,458
      2.4 Other funds 217,808
      2.5 Other liabilities 187,692
      Total liabilities 4,647,459
      3. EQUITY
      3.1 Share capital 52,146
      3.2 Share premium 46,584
      3.3 Treasury stock -
      3.4 Revaluation surplus 9,645
      3.5 Retained earnings 242,535
      3.6 Other components of equity 45,267
      Total equity 369,177
      Total liabilities and equity 5,043,636
      Off-balance items
      Contingencies and commitments (net) 468,182

      Prudential ratios by the Bank of Mongolia

      Ratios  Requirement Actual
      Tier 1 capital ratio > 9% 9.5%
      Capital adequacy ratio >14% 14.6%
      Liquidity ratio >25% 44.8%
      Single foreign currency open position ratio <±15% -3.8%
      Total foreign currency open position ratio <±40% -10.9%

      INCOME STATEMENT

      2017/09/30 (In millions of MNT)

      Income statement Items
      1. Interest income 296,631
      1.1 Balances with the Bank of Mongolia  9,848
      1.2 Due from other banks and financial institutions  2,069
      1.3 Investments in securities 75,238
      1.4 Loans and advances to customers 204,323
      1.5 Other 5,154
      2. Interest expense 208,602
      2.1 Customer accounts  9,906
      2.2 Savings  164,790
      2.3 Borrowed funds 33,906
      2.4 Securities -
      2.5 Other -
      3. Net interest income  88,029
      4. Provision expenses 25,120
      5. Net interest income after provision 62,909
      6. Other income 81,616
      6.1 Non-interest income  76,799
      6.1.1 Gains from trading in foreign currencies  49,563
      6.1.2 Gains from foreign currency exchange translation -
      6.1.3 Fees and commission income 25,971
      6.1.4 Other non-interest income 1,264
      6.2 Other income 4,818
      7. Other expense 142,429
      7.1 Non-interest expense  142,083
      7.1.1 Other provision expense  2,790
      7.1.2 Losses from trading in foreign currencies -
      7.1.3 Losses from foreign currency exchange translation 74,665
      7.1.4 Fees and commission expense 8,124
      7.1.5 Other operating expense 56,504
      7.2 Other expense 347
      8. Profit before tax  2,096
      9. Income tax expense -
      10. Profit after tax 2,096
      11. Other comprehensive income 7,113
      12. Total comprehensive income 9,209

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2017/09/30 (In millions of MNT)

      Related parties Category of assets Balance Share to capital
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1 Shareholders of the Bank - - -
      1.2 Key management personnel - - -
      1.3 Other related parties Loan 20,903 4.3%
      2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1 Shareholders of the Bank Loan 5,621 1.2%
      2.2 Key management personnel Loan 778 0.2%
      2.3 Other related parties  Loan, Guarantee 87,238 18.1%
    • UNAUDITED FINANCIAL STATEMENTS

      2017/06/30 (In millions of MNT)

      Balance sheet Items (In millions of MNT)
      1. ASSETS
      1.1 Cash and cash equivalents 1,412,774
      1.2 Deposits with other banks and financial institutions 58,857
      1.3 Financial investments
      1.3.1 Investments in subsidiary 1,200
      1.4 Loans and advances to customers (net) 2,082,995
      1.4.1 Performing loans 1,911,252
      1.4.2 Non-performing loans 178,670
      1.4.3 Deferred loan payments (6,171)
      1.4.4 Accrued interest receivables 82,282
      1.4.5 Provision for loan impairment (83,037)
      1.5 Derivative financial assets 79,954
      1.6 Other financial assets 93,405
      1.7 Other non-financial assets 64,348
      1.8 Premises and equipments 195,238
      1.9 Investment properties 63,312
      1.10 Assets for sale 9,861
      1.11 Intangible assets 15,561
      Total assets 4,656,906
      2. LIABILITIES
      2.1 Current accounts 805,360
      2.2 Savings 2,072,418
      2.3 Due to other banks and financial institutions 758,671
      2.4 Other funds 469,144
      2.5 Other liabilities 163,493
      Total liabilities 4,269,087
      3. EQUITY
      3.1 Share capital 52,146
      3.2 Share premium 46,584
      3.3 Treasury stock -
      3.4 Revaluation surplus 30,004
      3.5 Retained earnings 241,079
      3.6 Other components of equity 18,006
      Total equity 387,819
      Total liabilities and equity 4,656,906
      Off-balance items
      Contingencies and commitments (net) 438,470

      Prudential ratios by the Bank of Mongolia

      Ratios Requirement Actual
      Tier 1 capital ratio > 9% 9.7%
      Capital adequacy ratio >14% 14.5%
      Liquidity ratio >25% 41.5%
      Single foreign currency open position ratio <±15% -13.7%
      Total foreign currency open position ratio <±40% -22.3%

      INCOME STATEMENT

      2017/06/30 (In millions of MNT)

      Income statement Items
      1. Interest income 195,063
      1.1 Balances with the Bank of Mongolia  6,119
      1.2 Due from other banks and financial institutions  969
      1.3 Investments in securities 49,510
      1.4 Loans and advances to customers 134,979
      1.5 Other 3,486
      2. Interest expense 135,101
      2.1 Customer accounts  5,913
      2.2 Savings  106,389
      2.3 Borrowed funds 22,798
      2.4 Securities -
      2.5 Other -
      3. Net interest income  59,962
      4. Provision expenses 14,470
      5. Net interest income after provision 45,222
      6. Other income 63,789
      6.1 Non-interest income  61,323
      6.1.1 Gains from trading in foreign currencies  43,667
      6.1.2 Gains from foreign currency exchange translation -
      6.1.3 Fees and commission income 16,379
      6.1.4 Other non-interest income 1,277
      6.2 Other income 2,465
      7. Other expense 108,370
      7.1 Non-interest expense  108,101
      7.1.1 Other provision expense  1,067
      7.1.2 Losses from trading in foreign currencies -
      7.1.3 Losses from foreign currency exchange translation 64,873
      7.1.4 Fees and commission expense 5,160
      7.1.5 Other operating expense 37,001
      7.2 Other expense 269
      8. Profit before tax  640
      9. Income tax expense -
      10. Profit after tax 640
      11. Other comprehensive income 246
      12. Total comprehensive income 886

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2017/06/30 (In millions of MNT)

      Related parties Category of assets  Balance Share to capital
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1 Shareholders of the Bank - - -
      1.2 Key management personnel - - -
      1.3 Other related parties Зээл 19,925 4.2%
      2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1 Shareholders of the Bank  Loan, Guarantee 4,721 1.0%
      2.2 Key management personnel  Loan, Guarantee 847 0.2%
      2.3 Other related parties Loan, Guarantee 85,465 18.2%
    • UNAUDITED FINANCIAL STATEMENTS

      2017/03/31 (In millions of MNT)

      Balance sheet Items
      1. ASSETS
      1.1 Cash and cash equivalents 1,438,221
      1.2 Deposits with other banks and financial institutions -
      1.3 Financial investments 533,697
      1.3.1 Investments in subsidiary 1,200
      1.4 Loans and advances to customers (net) 2,016,496
      1.4.1 Performing loans 1,868,659
      1.4.2 Non-performing loans 179,788
      1.4.3 Deferred loan payments (4,978)
      1.4.4 Accrued interest receivables 59,302
      1.4.5 Provision for loan impairment (86,274)
      1.5 Derivative financial assets 159,277
      1.6 Other financial assets 96,371
      1.7 Other non-financial assets 53,956
      1.8 Premises and equipments 191,868
      1.9 Investment properties
      1.10 Assets for sale 16,968
      1.11 Intangible assets 16,856
      Total assets 4,574,700
      2. LIABILITIES
      2.1 Current accounts 699,756
      2.2 Savings 1,995,110
      2.3 Due to other banks and financial institutions 1,147,072
      2.4 Other funds 190,652
      2.5 Other liabilities 152,537
      Total liabilities 4,185,127
      3. EQUITY
      3.1 Share capital 52,146
      3.2 Share premium 46,584
      3.3 Treasury stock -
      3.4 Revaluation surplus 30,004
      3.5 Retained earnings 243,019
      3.6 Other components of equity 17,820
      Total equity 389,573
      Total liabilities and equity 4,574,700
      Off-balance items
      Contingencies and commitments (net) 354,081

      Prudential ratios by the Bank of Mongolia

      Ratios Requirement Actual
      Tier 1 capital ratio > 9% 10.14%
      Capital adequacy ratio >14% 14.87%
      Liquidity ratio >25% 42.9%
      Single foreign currency open position ratio <±15% -12.84%
      Total foreign currency open position ratio <±40% -19.66%

      INCOME STATEMENT

      2017/03/31 (In millions of MNT)

      Income statement Items
      1. Interest income 93,184
      1.1 Balances with the Bank of Mongolia  2,796
      1.2 Due from other banks and financial institutions  317
      1.3                     Investments in securities 23,044
      1.4 Loans and advances to customers 65,492
      1.5 Other 1,535
      2. Interest expense 64,525
      2.1 Customer accounts  2,781
      2.2 Savings  50,516
      2.3 Borrowed funds 11,228
      2.4 Securities -
      2.5 Other -
      3. Net interest income  28,659
      4. Provision expenses 7,179
      5. Net interest income after provision 21,480
      6. Other income 10,146
      6.1 Non-interest income  10,068
      6.1.1 Gains from trading in foreign currencies  2,804
      6.1.2 Gains from foreign currency exchange translation -
      6.1.3 Fees and commission income 7,264
      6.1.4 Other non-interest income -
      6.2 Other income  78
      7. Other expense 29,046
      7.1 Non-interest expense  28,905
      7.1.1 Other provision expense  1
      7.1.2 Losses from trading in foreign currencies -
      7.1.3 Losses from foreign currency exchange translation 8,791
      7.1.4 Fees and commission expense 2,381
      7.1.5 Other operating expense 17,732
      7.2  Other expense 141
      8. Profit before tax  2,580
      9. Income tax expense -
      10. Profit after tax 2,580
      11. Other comprehensive income -
      12. Total comprehensive income 2,580

      LOANS AND OTHER EQUIVALENT ASSETS PROVIDED TO RELATED PARTIES OF THE BANK

      2017/03/31 (In millions of MNT)

      Related parties Category of assets Balance Share to capital
      1. Loans and other equivalent asset provided to a related party (less than 5% of capital)
      1.1 Shareholders of the Bank - - -
      1.2 Key management personnel - - -
      1.3 Other related parties Зээл 20,544 4.44%
      2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital)
      2.1 Shareholders of the Bank Loan 7,536 1.6%
      2.2 Key management personnel  Loan 946 0.2%
      2.3 Other related parties Loan, Guarantee 66,319 14.3%

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