Performing loans drop by 9.2 percent compared to previous year
EconomyUlaanbaatar/MONTSAME/. At the end of January 2021, the total
amount of outstanding loan to enterprises and individuals amounted to MNT 17.2
trillion, increased by MNT 25.0 billion (0.1%) from the previous month, but
decreased by MNT 844.7 billion (4.7%) from the same period of 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
January 2021, decreased by MNT 21.8 billion (0.2%) from the previous month, and
decreased by MNT 1.4 trillion (9.2%) from the same period of the previous year.
The performing loans make up 80.7% of the total loans, and decreased by 4.0
percentage points from the previous year.
At the end of January 2021, the principals in arrears
amounted to MNT 1.3 trillion, increased by MNT 43.4 billion (3.4%) from the
previous month, and increased by MNT 388.6 billion (42.0%) from the same period
of the previous year. The principals in arrears make up to 7.6% of the total
loans, increased by 2.5 percentage points from the same period of the previous
year.
At the end of January 2021, the non-performing loans in the
banking system amounted to MNT 2.0 trillion, increased by MNT 3.5 billion
(0.2%) from the previous month, and increased by MNT 177.7 billion (9.7%) from
the same period of the previous year. The non-performing loans in the banking
system make up 11.7% of the total loans, increased by 1.5 percentage points
from the previous year.
At the end of December 2020, the loans from commercial banks
to individuals amounted to MNT 8.5 trillion, decreased by MNT 62.2 billion
(0.7%) from the previous month and decreased by MNT 734.8 billion (7.9%) from
the same period of the previous year. In the total individual loans, 44.9% were
the loan for business activities, 32.6% -- salary loans, 8.5% -- herder loans,
5.9% -- deposit backed loans, 2.9% -- car loans, 2.6% -- credit card loans, 0.7%
-- household consumption loans, 0.6% -- pension loans and 1.4% -- other loans.
In the MNT 7.8 billion performing individual loans, 9.5% were loans with terms
up to 1 year, 55.5% -- loans with terms from 1-5 years and 35.0% -- loans with
terms of 5 and more years.
Source: National Statistics Office