Golomt Bank released unaudited 3rd quarter of 2024 Financial report


Golomt Bank released unaudited 3rd quarter of 2024 Financial report

Golomt Bank has released its unaudited financial report for the 3rd quarter of 2024 prepared in accordance with the Bank of Mongolia’s regulations (year-to-date accumulated).

Key financial highlights for the 3rd quarter of 2024 YTD, compared to the same period of previous year, include:

  • Total assets increased by 29.2% to MNT 12.5 trillion.
  • Total equity increased by 35.1% to MNT 1.2 trillion.
  • Net loans increased by 68.9% to MNT 6.9 trillion with the non-performing loan ratio improving to 3.0%.
  • Customer funds increased by 10.9% to reach MNT 7.5 trillion.
  • Profit after tax increased by 2.7 times to MNT 348.2 billion.
  • EPS reached ₮430.6
  • All the prudential ratios are fulfilling the requirements of the Bank of Mongolia.

Please refer to the following link for the financial report. HERE

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