NON-PERFORMING LOANS IN BANKING SYSTEM INCREASED BY 0.6 PERCENT

At the end of January 2020, the total amount of outstanding loans to entities, enterprises and citizens amounted to MNT 18.1 trillion, increased by MNT 871.7 billion (5.1%) from the same period of the previous year. From the total outstanding loans, MNT 9.4 trillion (52.2%) was loaned to individuals, MNT 8.6 trillion (47.8%) was loaned to enterprises.

At the end of January 2020, the non-performing loans in the banking system amounted to MNT 1.8 trillion, increased by MNT 10.3 billion (0.6%) from the previous month, and increased by MNT 47.5 billion (2.7%) from the previous year. The non-performing loans in the banking system make up to 10.2% of total loans, showing a decrease of 0.2 points from the same period of the previous year.

At the end of December 2019, the outstanding loans to individuals amounted to MNT 12.1 trillion, increased by MNT 16.9 billion (0.1%) from the previous month and increased by MNT 370.2 billion (3.1%) from the same period of the previous year.

In the total loans, 38.1 percent was mortgage loans, 25.8 percent was salary loans, 13.6 percent was small and medium enterprises loans, 10.3 percent was consumer loans, 6.2 percent was pension loan, and 5.9 percent was other loans. Here, 76.3% of the total outstanding loans to individuals were from commercial banks.

At the end of December 2019, the loans to small and medium enterprises and individuals amounted to MNT4.0 trillion, increased by MNT 1.7 billion (0.04%) from the previous month, and increased by MNT 634.6 billion (18.4%) from the same period of the previous year.