Ulaanbaatar/MONTSAME/. At the end of July 2020, the total amount of outstanding loans to enterprises and individuals amounted to MNT 17.3 trillion, decreased by MNT 40.4 billion (0.2%) from the previous month and decreased by MNT 945.1 billion (5.2%) from the same period of the previous year. In the total outstanding loans, MNT 8.7 trillion (50.3%) was the loan to individuals.

The performing loans reached MNT 14.3 trillion at the end of July 2020, decreased by MNT 194.9 billion (1.3%) from the previous month and MNT 1.2 trillion (7.9%) from the same period of the previous year. The performing loans make up 82.2% of the total loans, which decreased by 2.4 percentage points from the same period of the previous year.

At the end of July 2020, the non-performing loans in the banking system amounted to MNT 1.9 trillion, increased by MNT 25.0 billion (1.3%) from the previous month and MNT 10.9 billion (0.6%) from last year. The non-performing loans in the banking system make up 11.2% of the total loans, increased by 0.6 percentage points from the same period of the previous year.

At the end of June 2020, the loans from commercial banks to individuals amounted to MNT 8.7 trillion, increased by MNT 40.1 billion (0.5%) from the previous month, while it is decreased by MNT 708.9 billion (7.6%) from the same period of the previous year. By types of the loans to individuals, 41.3 percent were loans for individual business activities, 33.8 percent -- salary loans, 7.9 percent -- herder loans, 6.5 percent -- deposit-backed loans, 3.0 percent -- car loans, 2.9 percent -- credit card loans, 1.8 percent -- pension loans, 0.8 percent -- household consumption loans and 1.9 percent --others.

At the end of June 2020, credit repayments of individuals to commercial banks reached MNT 927.3 billion, increased by MNT 77.5 billion (9.1%) compared to the previous month and MNT 114.9 billion (14.2%) compared to the same period of the previous year.

At the end of June 2020, the loans to small and medium enterprises and individuals amounted to MNT 4.0 trillion, increased by MNT 148.5 billion (3.9%) from the previous month, while it decreased by MNT 15.5 billion (0.4%) from the same period of the previous year.

By the economic activities of small and medium enterprises and self-employed individuals with loans, 28.5 percent operate in wholesale and retail trade, repair of motor vehicles and motorcycles, 13.2 percent -- in manufacturing, 11.9 percent -- in construction, 4.7 percent -- in the service sectors and 3.4 percent -- in agriculture, forestry and fishing and 38.3 percent -- in other sectors.

The principals in arrears in commercial banks and Mongolian Mortgage Corporation /MMC/ reached MNT 4.7 trillion at the end of June 2020, increased by MNT 48.4 billion (1.0%) from the previous month and MNT 242.9 (5.4%) billion from the same period of the previous year.

Source: National Statistics Office of Mongolia

Published Date:2020-08-19