Ulaanbaatar
Non-performing loans in banking system increased by 0.6 percent
Economy
Ulaanbaatar/MONTSAME/. At the end of January 2020, the total
amount of outstanding loans to entities, enterprises and citizens amounted to
MNT 18.1 trillion, increased by MNT 871.7 billion (5.1%) from the same period
of the previous year. From the total outstanding loans, MNT 9.4 trillion
(52.2%) was loaned to individuals, MNT 8.6 trillion (47.8%) was loaned to
enterprises.
At the end of January 2020, the non-performing loans in the
banking system amounted to MNT 1.8 trillion, increased by MNT 10.3 billion
(0.6%) from the previous month, and increased by MNT 47.5 billion (2.7%) from
the previous year. The non-performing loans in the banking system make up to
10.2% of total loans, showing a decrease of 0.2 points from the same period of
the previous year.
At the end of December 2019, the outstanding loans to
individuals amounted to MNT 12.1 trillion, increased by MNT 16.9 billion (0.1%)
from the previous month and increased by MNT 370.2 billion (3.1%) from the same
period of the previous year.
In the total loans, 38.1 percent was mortgage loans, 25.8
percent was salary loans, 13.6 percent was small and medium enterprises loans,
10.3 percent was consumer loans, 6.2 percent was pension loan, and 5.9 percent
was other loans. Here, 76.3% of the total outstanding loans to individuals were
from commercial banks.
At the end of December 2019, the loans to small and medium
enterprises and individuals amounted to MNT4.0 trillion, increased by MNT 1.7
billion (0.04%) from the previous month, and increased by MNT 634.6 billion
(18.4%) from the same period of the previous year.
Source: National Statistics Office
