Mongol Bank has deficit of MNT253.8 billion - News.MN

Mongol Bank has deficit of MNT253.8 billion

Old News! Published on: 2011.06.30

Mongol Bank has deficit of MNT253.8 billion

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Мөнгөнтамир
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The Inspecting Council of the Mongol Bank recently discussed its financial report for 2010 and decided to send a copy of it to the Standing Committee of Parliament. The report says the Bank ended the year with a deficit of MNT253 billion and 805 million, because of currency rate differences. The Council recommended issuing bonds to plug the deficit.

It also decided to prepare a repayment schedule for the MNT116 billion loan taken by the Government.  

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