Ulaanbaatar
Credit repayments to commercial banks decreased by 53.5 percent
Economy
Ulaanbaatar/MONTSAME/. At the end of April 2020, the total
amount of outstanding loan to entities and individuals amounted to MNT 17.2
trillion, increased by MNT 7.6 billion (0.04%) from the previous month, but decreased by MNT 514.5 billion (2.9%) from the same period of the
previous year. In the total outstanding loans, MNT 8.7 trillion (50.9%) was
individual loans.
The performing loans reached MNT 14.0 trillion at the end of
April 2020, decreased by MNT 187.4 billion (1.3%) from the previous month, and
by MNT 762.5 billion (5.2%) from the same period of the previous year. The
performing loans make up 81.5% of total loans, showing a decrease of 1.9 points
from the same period of the previous year.
At the end of April 2020, the principals in arrears amounted
to MNT 1.3 trillion, increased by MNT 158.0 billion (13.7%) from the previous
month, and by MNT 328.0 billion (33.5%) from the same period of the previous
year. The principals in arrears make up 7.6% of total loans, showing an increase
of 2.1 points from the same period of the previous year.
At the end of April 2020, the non-performing loans in the
banking system amounted to MNT 1.9 trillion, increased by MNT 37.0 billion
(2.0%) from the previous month, while it is decreased by MNT 80.0 billion
(4.1%) from the previous year. The non-performing loans in the banking system
make up 10.9% of total loans, showing a decrease of 0.1 points from the same
period of the previous year.
By type of outstanding loans of individuals, 40.4 percent were
mortgage loans, 26.1 percent -- salary loans, 14.8 percent -- small and medium
enterprises loans, 11.6 percent -- consumer loans, 1.4 percent -- pension loan,
and 5.7 percent -- others. Commercial banks correspond to 73.8% of the total
outstanding loans to individuals.
At the end of March 2020, credit repayments to commercial
banks by individuals reached MNT 608.6 billion, decreased by MNT 701.4 (53.5%)
compared to the same period of the previous month and by MNT 68.6 billion
(10.3%) compared to the same period of the previous year. For loan repayment, mortgage
loan repayment was 3.9% (MNT 23.7 billion), small and medium business loans was
17.1% (MNT 103.8 billion), consumer loans was 23.8% (MNT 144.9 billion), salary
loans was 20.4% (MNT 124.1 billion) and 5.8% (MNT 35.5 billion) of pension
loans and 29.0% (MNT 176.5 billion) was other loans.
Source: National Statistics Office
