Marginal fall in non-performing loans - News.MN

Marginal fall in non-performing loans

Old News! Published on: 2010.03.25

Marginal fall in non-performing loans

News.MN
News.MN
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Mongolbank reports that money supply (broad money or M2) at the end of February 2010 rose 3.1 percent over the previous month, and 27.9 percent over the same period in 2009. Currency issued in circulation was 0.4 percent more than in the previous month, but 11.3 percent less than in the same period last year.

Loans outstanding at the end of February 2010 were 0.3 percent more than in the previous month, but 0.1 percent less than in the same period of 2009. Principals in arrears at the end of February 2010 were 16.6 percent over January 2010, 0.1 percent over the same period in 2009, and were 5.3 percent of the total loans outstanding. “Non-performing” loans at the end of February 2010 were16.5 percent of the total loans outstanding, and fell 3.4 percent from the previous month, but rising 2.2 times over the same period of the previous year.

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