Outstanding loans rise - News.MN

Old News! Published on: 2010.09.21

Outstanding loans rise

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Г. Нэргүй
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Mongolnank
reports that money supply (broad money or M2) at the end of August expanded to
MNT 3656.1 billion, showing a 3.2 percent rise against the end of July, and a
42.6 percent rise against August, 2009.

Loans outstanding at the end of August amounted to 1.6 percent more than at the
end of July and 16.7 percent more than at the end of August, 2009. Principals
in arrears decreased 22.1 percent against the end of July, and 50.4 percent against
the end of August, 2009.

The total amount of non-performing loans at the end of August was 1.0 percent
less than at the end of July, but 15.5 percent more than at the end of August
last year.

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