Slight rise in total outstanding loans - News.MN

Slight rise in total outstanding loans

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Old News! Published on: 2010.03.01

Slight rise in total outstanding loans

News.MN
News.MN
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Mongolbank figures reveal that money supply (broad money or M2) increased to MNT2,880.0 billion at the end of December 2009, recording a rise of 6.1 percent over November 2009 and of 26.9 percent over December 2008. Currency in circulation was 2.2 percent higher than in November 2009, but 8.7 percent less than in December 2008.

Loans outstanding at the end of December 2009 amounted to MNT2,655.0 billion, an increase by 0.9 percent over November 2009, and by 0.7 percent over December 2008. However, principals in arrears decreased by 26.9 percent over November 2009. Non-performing loans reached MNT462.0 billion, which was 17.4 percent of the total loans outstanding and an increase of 1.3 percent over November 2009, and 2.4 times more than in December 2008.

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