Non-performing loans in banking system amounted to MNT 1.9 trillion

Economy
unurzul@montsame.gov.mn
2020-06-12 16:31:18

Ulaanbaatar/MONTSAME/. At the end of May 2020, the total amount of outstanding loan to entities and individuals amounted to MNT 17.2 trillion, increased by MNT 16.6 billion (0.1%) from the previous month, but decreased by MNT 795.6 billion (4.4%) compared to the same period of the previous year. Of the total outstanding loans, 51.2 percent or MNT 8.8 trillion were individual loans.

The performing loans reached MNT 14.1 trillion at the end of May 2020, increased by MNT 77.2 billion (0.6%) from the previous month, but decreased by MNT 1.1 trillion (7.4%) from the same period of the last year. The performing loans make up 81.9% of the total loans, showing a decrease of 2.6 points from the same period of the previous year.


At the end of May 2020, the principals in arrears amounted to MNT 1.1 trillion, showing a decrease of MNT 161.4 billion (12.3%) from the previous month. But it increased by MNT 324.6 billion (39.5%) from the same period of the previous year. The principals in arrears make up 6.7% of total loans, showing an increase of 2.0 points from the same period of the previous year.


Moreover, the non-performing loans in the banking system amounted to MNT 1.9 trillion at the end of May, with an increase of MNT 100.9 billion (5.4%) from the previous month, while it decreased by MNT 2.3 billion (0.1%) compared to the same period of the previous year. The non-performing loans in the banking system make up 11.5% of total loans, showing an increase of 0.5 points from the same period of the previous year.


By type of outstanding loans individuals, 40.3 percent were mortgage loans, 25.7 percent -- salary loans, 15.2 percent -- small and medium enterprises loans, 11.6 percent -- consumer loans, 1.6 percent -- pension loans and 5.6 percent -- other kinds of loans. Commercial banks correspond to 74.2% of the total outstanding loans to individuals.

 

Source: National Statistics Office 

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