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CREDIT REPAYMENTS TO COMMERCIAL BANKS DECREASED BY 53.5 PERCENT


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CREDIT REPAYMENTS TO COMMERCIAL BANKS DECREASED BY 53.5 PERCENT

15 May, 2020
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At the end of April 2020, the total amount of outstanding loan to entities and individuals amounted to MNT 17.2 trillion, increased by MNT 7.6 billion (0.04%) from the previous month, but decreased by MNT 514.5 billion (2.9%) from the same period of the previous year. In the total outstanding loans, MNT 8.7 trillion (50.9%) was individual loans.

 

The performing loans reached MNT 14.0 trillion at the end of April 2020, decreased by MNT 187.4 billion (1.3%) from the previous month, and by MNT 762.5 billion (5.2%) from the same period of the previous year. The performing loans make up 81.5% of total loans, showing a decrease of 1.9 points from the same period of the previous year.

 

At the end of April 2020, the principals in arrears amounted to MNT 1.3 trillion, increased by MNT 158.0 billion (13.7%) from the previous month, and by MNT 328.0 billion (33.5%) from the same period of the previous year. The principals in arrears make up 7.6% of total loans, showing an increase of 2.1 points from the same period of the previous year.

 

At the end of April 2020, the non-performing loans in the banking system amounted to MNT 1.9 trillion, increased by MNT 37.0 billion (2.0%) from the previous month, while it is decreased by MNT 80.0 billion (4.1%) from the previous year. The non-performing loans in the banking system make up 10.9% of total loans, showing a decrease of 0.1 points from the same period of the previous year.

 

By type of outstanding loans of individuals, 40.4 percent were mortgage loans, 26.1 percent -- salary loans, 14.8 percent -- small and medium enterprises loans, 11.6 percent -- consumer loans, 1.4 percent -- pension loan, and 5.7 percent -- others. Commercial banks correspond to 73.8% of the total outstanding loans to individuals. 

 

At the end of March 2020, credit repayments to commercial banks by individuals reached MNT 608.6 billion, decreased by MNT 701.4 (53.5%) compared to the same period of the previous month and by MNT 68.6 billion (10.3%) compared to the same period of the previous year. For loan repayment, mortgage loan repayment was 3.9% (MNT 23.7 billion), small and medium business loans was 17.1% (MNT 103.8 billion), consumer loans was 23.8% (MNT 144.9 billion), salary loans was 20.4% (MNT 124.1 billion) and 5.8% (MNT 35.5 billion) of pension loans and 29.0% (MNT 176.5 billion) was other loans.

 

 

Source: https://montsame.mn/en/read/225531


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