Non-performing loans fall, but still higher than in 2009 - News.MN

Non-performing loans fall, but still higher than in 2009

Old News! Published on: 2010.05.28

Non-performing loans fall, but still higher than in 2009

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Г. Нэргүй
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The Mongol Bank has reported that money supply (broad
money or M2) at the end of April rose to MNT 3163.0 billion, an increase of MNT
188.5 billion or 6.3 percent over March, and of MNT 821.1 billion or 35.1
percent over April last year. At the end of April, 2010, currency issued in
circulation reached MNT 445.0 billion, MNT 60.5 billion or 15.7 percent more
than in March, and MNT 89.4 billion or 25.1 percent more than in April last
year.

Loans outstanding at the end of April amounted to MNT
2764.9 billion, a fall of MNT 3.7 billion or 0.1 percent from March, but MNT
184.6 billion or 7.2 percent more than in April, 2009. Principals in arrears
were MNT 139.0 billion at the end of April, MNT 14.3 billion or 9.3 percent
less than in March, and MNT15.2 billion or 9.8 per cent less than in April last
year.

The amount of 
non-performing loans stood at MNT416.0 billion at the end of April, a
drop of MNT15.8 billion or 3.7 per cent from March, but MNT142.1 billion or 1.5
times more than in April last year.

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