PERFORMING LOANS DROPPED BY 4.9 PERCENT

At the end of February 2021, the total amount of outstanding loan to enterprises and individuals amounted to MNT 17.1 trillion, decreased by MNT 86.4 billion (0.5%) from the previous month, and decreased by MNT 205.1 billion (1.2%) from the same period of the previous year. In the total outstanding loans, MNT 8.7 trillion (50.5%) was individual loans.

The performing loans reached to MNT 13.8 trillion at the end of February 2021, decreased by MNT 129.3 billion (0.9%) from the previous month, and decreased by MNT 702.4 billion (4.9%) from the same period of the previous year. The performing loans make up to 80.3% of the total loans, and decreased by 3.1 percentage points from the previous year.

At the end of February 2021, the principals in arrears amounted to MNT 1.4 trillion, increased by MNT 38.7 billion (2.9%) from the previous month, and increased by MNT 321.9 billion (31.2%) from the same period of the previous year. The principals in arrears make up to 7.9% of the total loans, increased by 1.9 percentage points from the same period of the previous year.

At the end of February 2021, the non-performing loans in the banking system amounted to MNT 2.0 trillion, increased by MNT 4.2 billion (0.2%) from the previous month and increased by MNT 175.3 billion (9.5%) from the same period of the previous year. The non-performing loans in the banking system make up to 11.8% of the total loans, increased by 1.1 percentage points from the previous year.

Source: https://www.montsame.mn/en/read/257128