TOTAL AMOUNT OF OUTSTANDING LOAN DECREASES

Ulaanbaatar, February 01, /MONTSAME/. At the end of December 2022, the total amount of outstanding loans to enterprises and individuals amounted to MNT 22.2 trillion, decreased by MNT 439.5 (1.9%) billion from the previous month while it increased by MNT 1.4 (6.5%) trillion from the same period of the previous year.

The total loans outstanding consist of 53.0% being individual loans, 45.6% being private sector, 0.7% being financial corporations and other sectors, and 0.7% being the public sector. The standard loans reached MNT 19.1 trillion at the end of December 2022, which increased by MNT 107.2 (0.6%) billion from the previous month and by MNT 1.2 (6.8%) trillion from the same period of the previous year. The performing loans made up 85.8% of total loans.

According to the National Statistics Office, the principals in arrears amounted to MNT 1.1 trillion at the end of December 2022, which decreased by MNT 205.7 (15.4%) billion from the previous month while increasing by MNT 190.7 (20.3%) billion from the same period of the previous year. The principals in arrears made up 5.1% of the total loans.

At the end of December 2022, the non-performing loans in the banking system amounted to MNT 2.0 trillion, decreased by MNT 341.1 (14.4%) billion from the previous month and decreased by MNT 54.3 (2.6%) billion from the same period of the previous year. The non-performing loans in the banking system correspond to 9.1% of the total loans.