Ulaanbaatar
Non-performing loans in banking system amounted to MNT 2.0 trillion
Economy
Ulaanbaatar/MONTSAME/. At the end of September 2020, the
total amount of outstanding loan to entities and individuals amounted to MNT
17.3 trillion, decreased by MNT 30.9 billion (0.2%) from the previous month,
and by MNT 802.6 billion (4.4%) from the same period of the previous year. In
the total outstanding loans, MNT 8.9 trillion (51.5%) was individual loans.
The performing loans reached to MNT 14.2 trillion at the end
of September 2020, decreased by MNT 46.5 billion (0.3%) from the previous
month, and by MNT 0.9 trillion (6.3%) from the same period of the previous
year. The performing loans make up to 82.0% of the total loans, and decreased
by 1.7 percentage points from the same period of the previous year.
At the end of September 2020, the principals in arrears
amounted to MNT 1.1 trillion, increased by MNT 11.0 billion (1.0%) from the
previous month, and by MNT 161.5 billion (16.4%) from the same period of the
previous year. The principals in arrears make up to 6.6% of the total loans,
increased by 1.2 percentage points from the same period of the previous year.
At the end of September 2020, the non-performing loans in
the banking system amounted to MNT 2.0 trillion, increased by MNT 4.6 billion
(0.2%) from the previous month while it is decreased of MNT 1.8 billion (0.1%)
from the previous year. The non- performing loans in the banking system make up
to 11.4% of the total loans, increased by 0.5 percentage points from the same
period of the previous year.
At the end of August 2020, the loans from commercial banks
to individual amounted to MNT 8.7 trillion, increased by MNT 106.9 billion
(1.3%) from the previous month while it is decreased by MNT 629.6 billion
(6.8%) from the same period of the previous year.
For the total individual loans, 41.4 percent was loan for
business activities, 33.7 percent was salary loans, 8.4 percent was herder
loans, 6.6 percent was deposit backed loans, 3.1 percent was car loans, 2.9
percent was credit card loans, 1.3 percent was pension loans, 0.8 percent was
household consumption loans and 1.7
percent was other loans. For the MNT 8.0 billion performing individual loans,
10.7 percent was loans with terms up to 1 year, 57.5 percent was loans with
terms from 1-5 years and 31.8 percent was loans with terms of 5 and more years.
The principal arrears in commercial banks and Mongolian
Mortgage Corporation /MMC/ reached MNT 4.8 trillion at the end of August 2020,
increased by MNT 70.8 billion (1.5%) from previous month, and by MNT 289.7
(6.4%) billion from the same period of the previous year.
Source: National Statistics Office
