Golomt Bank has released its unaudited financial report for the 4th quarter of 2024 prepared in accordance with the Bank of Mongolia’s regulations (year-to-date accumulated).
Key financial highlights for the 4th quarter of 2024 YTD, compared to the same period of previous year, include:
- Total assets increased by 34.4% to MNT 15.4 trillion.
- Total equity increased by 34.1% to MNT 1.3 trillion.
- Net loans increased by 57.8% to MNT 7.2 trillion with the non-performing loan ratio improving to 3.0%.
- Customer funds increased by 10.4% to reach MNT 8.5 trillion.
- Profit after tax increased by 2.2 times to MNT 406.7 billion.
- EPS reached ₮502.9
- All the prudential ratios are fulfilling the requirements of the Bank of Mongolia.
Please refer to the following link for the financial report. HERE