`MIK HOLDING` JSC PRESENTS ITS REPORT FOR THE FIRST HALF OF 2022

Ulaanbaatar/MONTSAME/. ‘MIK Holding’ JSC, registered in the first classification of the Mongolian Stock Exchange, presented its financial and operational report for the first half of 2022.

During the reporting period:

• Total assets decreased by 8.8 percent from the same period last year due to the payment of the ‘Oelun’ bond, reaching MNT 3,853.6 billion as of June 30, 2022.

• The market value of the company reached MNT 287.4 billion.

• A total of MNT 82.9 billion was paid to the bondholders from the reserve fund of the special purpose company due to the postponement of the principal and interest payments of the housing mortgage loans implemented by the government until the end of 2022 without interest accrual.

‘MIK Holding’ JSC has been operating for the 16th year with the vision and mission of creating a housing financing ecosystem, and in the past, more than 90,000 households have received long-term mortgage loans.

Source: https://montsame.mn/en/read/302230