AMOUNT OF OUTSTANDING LOANS TO ENTITIES DECREASES BY MNT23 BILLION BILLION

The money supply (broad money or M2) reached MNT 20.5 trillion at the end of August 2019, showing an increase of MNT 185.8 billion (0.9%) from the previous month and by MNT 3.0 trillion (17.4%) from the same period of previous year.

At the end of August 2019, the national currency in circulation reached MNT 925.7 billion, showing a decrease of MNT 9.3 billion (1.0%) from the previous month and by MNT 1.8 billion (0.2%) from the same period of previous year.

At the end of August 2019, the amount of outstanding loan to entities, enterprises and citizens amounted MNT 18.3 trillion, showing a decrease by MNT 23.0 billion (0.1%) from the previous month, while it shows an increase of MNT 2.3 trillion (14.5%) from the same period of previous year.

At the end of August 2019, the principals in arrears amounted MNT 982.4 billion, showing an increase by MNT 103.8 billion (11.8%) from the previous month, while it shows a decrease by MNT 36.1 billion (3.5%) from the same period of previous year. The principals in arrears makes up to 5.4% of total loans, showing an increase of 0.6 points from the previous month, while it shows a decrease of 1.0 points from the same period of previous year.

At the end of July, the outstanding loans to individual in arrears amounted MNT 12.1 trillion, decreased by MNT 8.0 billion (0.1%) from the previous month, but increased by MNT 1.8 trillion (17.7%) from the same period of previous year. From the total loans to individuals 37.2 percent was mortgage loans, 27.4 percent was salary loans, 13.1 percent was small and medium enterprises loans, 10.1 percent was consumer loans, 6.7 percent was pensions and 5.5 percent was other loans.

At the end of August 2019, the non-performing loans in banking system amounted MNT 1.9 trillion, decreased by MNT 19.8 billion (1.0%) from the previous month, but increased by MNT 545.6 billion (39.9%) from the same period of previous year. The non-performing loans in the banking system makes up to 10.5% of total loans, showing an increase of 1.9 points from the same period of previous year.

Source: https://www.montsame.mn/en/read/200508