Ulaanbaatar
Individuals’ loans make up 50.6 percent of total outstanding loans
Economy
Ulaanbaatar/MONTSAME/. The national currency in circulation
reached MNT 991.5 billion at the end of December 2020, increased by MNT 43.8
billion (4.6%) from the previous month, and increased by MNT 94.1 billion
(10.5%) from the previous year.
At the end of December 2020, the time deposit in domestic
currency amounted to MNT 13.4 trillion, increased by MNT 909.4 billion (7.3%)
from the previous month, and increased by MNT 2.2 trillion (20.1%) from the
previous year.
The composition of the total time deposit in domestic
currency shows that 89.0 percent (MNT 11.9 trillion) were individuals’ deposits
and 11.0 percent (MNT 1.5 trillion) were entities deposits.
The time deposits in foreign currency amounted to MNT 4.6
trillion, decreased by MNT 125.9 billion (2.6%) from the previous month, but
increased by MNT1.2 trillion (33.2%) from the same period of the previous year.
At the end of December 2020, the total amount of outstanding
loans to entities and individuals amounted to MNT 17.2 trillion, increased by
MNT 205.7 billion (1.2%) from the previous month while it is decreased by MNT
889.2 billion (4.9%) from the previous year. In the total outstanding loans,
MNT 8.7 trillion (50.6%) was individual loans.
The performing loans reached MNT 13.9 trillion at the end of
December 2020, increased by MNT 118.8 billion (0.9%) from the previous month,
while it is decreased by MNT 1.5 trillion (9.8%) from the same period of the
previous year. The performing loans amounted to 80.9% of the total loans and
decreased by 4.4 percentage points from the previous year.
At the end of December 2020, the principals in arrears
amounted to MNT 1.3 trillion, increased by MNT 90.0 billion (7.6%) from the
previous month, and increased by MNT 445.4 billion (54.1%) from the same period
of the previous year. The principals in arrears make up to 7.4% of the total
loans, increased by 2.8 percentage points from the same period of the previous
year.
At the end of December 2020, the non-performing loans in the
banking system amounted to MNT 2.0 trillion, which decreased by MNT 3.1 billion
(0.2%) from the previous month, but it showed an increase of MNT 184.5 billion (10.1%)
compared to the previous year. The non-performing loans in the banking system
make up to 11.7% of the total loans, increased by 1.6 percentage points from
the previous year.
Source: National Statistics Office
