Bank loans drop from October to November - News.MN

Bank loans drop from October to November

Old News! Published on: 2010.12.25

Bank loans drop from October to November

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The Mongol Bank reports that money supply (broad money or
M2) at the end of November was 1.7 percent more than at the end of October, and
45.0 percent more than at the end of November last year. Loans outstanding at
the end of November fell 2.6 percent from the end of October, but increasing
14.4 percent over the same period last year. Principals in arrears rose 14.2
percent over the end of October, and 46.0 percent over the end of November,
2009. Non-performing loans were 32.0 percent less than at the end of October,
and 40.1 percent less than at the end of November, 2009.

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