Ulaanbaatar
Non-performing loans in banking system amounted to MNT 2.0 trillion
Economy
Ulaanbaatar/MONTSAME/. At the end of October 2020, the total
amount of outstanding loans to entities and individuals amounted to MNT 17.2
trillion, decreased by MNT 139.1 billion (0.8%) from the previous month, and by
MNT 993.4 billion (5.5%) from the same period of the previous year. In the
total outstanding loans, MNT 8.9 trillion (51.9%) was individual loans.
The performing loans reached MNT 14.0 trillion at the end of
October 2020, decreased by MNT 251.5 billion (1.8%) from the previous month,
and by MNT 1.3 trillion (8.8%) from the same period of the previous year. The
performing loans make up 81.2% of the total loans and decreased by 2.9 percentage
points from the same period of the previous year.
At the end of October 2020, the principals in arrears
amounted to MNT 1.2 trillion, increased by MNT 79.5 billion (6.9%) from the
previous month, and by MNT 274.1 billion (28.8%) from the same period of the
previous year. The principals in arrears make up to 7.1% of the total loans,
increased by 1.9 percentage points from the same period of the previous year.
At the end of October 2020, the non-performing loans in the
banking system amounted to MNT 2.0 trillion, increased by MNT 32.8 billion
(1.7%) from the previous month and by MNT 75.2 billion (3.9%) from the previous
year. The non-performing loans in the banking system make up to 11.6% of the
total loans, increased by 1.0 percentage points from the same period of the
previous year.
The principal arrears in commercial banks and Mongolian
Mortgage Corporation /MMC/ reached MNT 4.8 trillion at the end of September
2020, increased by MNT 27.9 billion (0.6%) from the previous month, and by MNT
303.6 (6.7%) billion from the same period of the previous year.
Source: National Statistics Office
