The performing loans reached MNT 14.2 trillion at the end of March 2020, decreased by MNT 311.9 billion (2.2%) from the previous month, and by MNT 519.7 billion (3.5%) from the same period of the previous year. The performing loans make up 82.6% of total loans, showing a decrease of 1.5 points from the same period of the previous year.

At the end of March 2020, the principals in arrears amounted to MNT 1.2 trillion, increased by MNT120.0 billion (11.6%) from the previous month, and by MNT 236.6 billion (25.9%) from the same period of the previous year. The principals in arrears make up 6.7% of total loans, showing an increase of 1.5 points from the same period of the previous year.

At the end of March 2020, the non-performing loans in the banking system amounted to MNT 1.8 trillion, decreased by MNT 9.1 billion (0.5%) from the previous month, and by MNT 32.3 billion (1.7%) from the previous year. The non-performing loans in the banking system make up to 10.7% of total loans, which was equal to the same period of the previous year.

By type of outstanding loans individual, 40.4 percent were mortgage loans, 26.6 percent -- salary loans, 14.7 percent -- small and medium enterprises loans, 11.6 percent -- consumer loans, 1.1 percent -- pension loan, and 5.6 percent -- other loans. Here, 75.2% of the total outstanding loans to individuals were from commercial banks.

Credit repayments to commercial banks by individuals reached MNT 1.3 trillion (2.5 times more), increased by MNT 584.9 (80.7%) compared to the same month of the previous month, and by MNT 780.2 (147.3%), compared to the same period of the previous year. For loan repayment, 2.0% (MNT 26.7 billion) of loan repayment, small and medium business loans of 9.3% (MNT 121.7 billion), consumer loans of 12.8% (MNT 167.2 billion), salary loans of 9.7% (MNT 127.4 billion) and 51.6% (MNT 676.3 billion) of pension loans and 14.6% (MNT 190.9 billion) was other loans.

Source: National Statistics Office