1 SOLAR, EVS AND A BIG EXIT FROM COAL: 2024’S GOOD CLIMATE NEWS WWW.BLOOMBERG.COM PUBLISHED:2024/12/25      2 OVER 636,000 MONGOLIANS USE THE WHAT3WORDS APPLICATION WWW.MONTSAME.MN PUBLISHED:2024/12/25      3 CHINA EXPRESSES READINESS TO RESOLVE GASHUUNSUKHAIT-GANTSMOD CROSS-BORDER RAILWAY PROJECT ISSUES WWW.MONTSAME.MN PUBLISHED:2024/12/25      4 BOGD BANK AND FMO BEGIN COOPERATION TO SUPPORT SMES AND GREEN PROJECTS IN MONGOLIA WWW.MONTSAME.MN PUBLISHED:2024/12/25      5 THE BANK OF MONGOLIA: LEGAL REFORMS NEEDED TO ENSURE CENTRAL BANK INDEPENDENCE WWW.GOGO.MN PUBLISHED:2024/12/25      6 SNOW COVERS OVER 60 PCT OF MONGOLIAN TERRITORY WWW.XINHUANET.COM PUBLISHED:2024/12/24      7 DIGITAL TRANSFORMATION AND DEVELOPMENT OF ARTIFICIAL INTELLIGENCE DISCUSSED WWW.MONTSAME.MN PUBLISHED:2024/12/24      8 MONGOLIAN AND JAPANESE AIRPORTS TO EXCHANGE BEST PRACTICES AND ENHANCE SERVICE QUALITY WWW.MONTSAME.MN PUBLISHED:2024/12/24      9 MONGOLIA'S SOVEREIGN WEALTH FUND RENAMED “CHINGGIS FUND” WWW.MONTSAME.MN PUBLISHED:2024/12/24      10 DEFENSE MINISTRY OF MONGOLIA TO SUPPLY MEAT TO VIETNAMESE ARMY WWW.AKIPRESS.COM PUBLISHED:2024/12/24      ЭХЯ: ДЦС-3-ЫГ 300 МВТ-ААР ӨРГӨТГӨХ ТӨСЛИЙН ӨРТӨГ 1.3 ТЭРБУМ ЕВРО БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/25     НҮҮРСНИЙ ЭКСПОРТЫГ 100 САЯ ТОННД ХҮРГЭХ ЗАМЫГ ЗАСАХ ГАШУУНСУХАЙТ-ГАНЦМОДЫН ХЭЛЭЛЦЭЭРИЙН ЭРГЭН ТОЙРОНД... WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/25     ХЭРЭГЛЭЭНИЙ БАРАА, ҮЙЛЧИЛГЭЭНИЙ ҮНЭ 8.1 ХУВИАР НЭМЭГДЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/25     ЗГ: "ОРАНО МАЙНИНГ" ХХК ЭХНИЙ САНХҮҮЖИЛТЭЭР 500 САЯ ДОЛЛАРЫГ ГАРГАНА WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/25     ОРОН СУУЦНЫ ҮНЭ 13 ХУВИАР НЭМЭГДЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/25     МОНГОЛБАНКНЫ ҮНЭТ ЦААСНЫ ҮЛДЭГДЭЛ ₮10.7 ИХ НАЯД БОЛЖ, ӨМНӨХ ОНЫ МӨН ҮЕЭС 21 ХУВИАР ӨСӨВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/24     БНХАУ-ЫН ЗАСГИЙН ГАЗАР ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙГ ОЛОН УЛСЫН ГЭРЭЭГЭЭР ШИЙДВЭРЛЭХЭД БЭЛЭН ГЭДГЭЭ ИЛЭРХИЙЛЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/24     НҮҮРСНИЙ ЭКСПОРТ 78.5 САЯ ТОННД ХҮРЭВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/24     "НЭГ УУТ БЭЛЭГ 36-72 ШИРХЭГ ЁОТОНТОЙ ТЭНЦЭХ САХАР АГУУЛДАГ" WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/24     НЭМЭЛТЭЭР ДАХИН ЗУРГААН ЧИГЛЭЛД ТУСГАЙ АВТОБУС ГАРГАНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/24    

Non-performing loans jump 54.8 percent in 2018 www.zgm.mn

Non-performing loans (NPL) in the banking sector hiked to MNT 1.8 trillion as of the end of 2018, which is a 54.8 percent increase compared to the same period of the previous year; however, the month-over-month comparison displays a 13.7 percent reduction NPLs.

According to statistics, the amount of NPLs drastically surged since October 208. The Bank of Mongolia (BoM) explains that the increase was driven by the Asset Quality Review conducted on commercial banks under the Extended Fund Facility program of the International Monetary Fund. As of 2018, NPLs account for 10.4 percent of gross loans, which is about 8 percentage point higher than the allowed level.

Analysts highlighted the fact that the percentage of NPL to total gross loans entering double-digits means is an alarming signal for the financial system. The BoM highlighted that the NPL constantly grew since 2013, causing reduced credit grants, deepening economic difficulties, and obstructing loan repayments. Thus, the Financial Stability Council of the BoM has ratified a strategic paper on reducing NPLs.

Within the frame, the bank announced to make efforts in optimizing the court-backed forced settlement of NPLs, enhance the efficiency of Law on Bankruptcy, and create a legal environment for non-performing assets market.

Furthermore, the BoM has stated to establish a specialized institution for asset management on its Monetary Policy Guidelines, submitting a bill on Asset Management Firm within its frames. The bill is expected to be discussed this year..



Published Date:2019-01-21