Volume of unpaid loans rises - News.MN

Volume of unpaid loans rises

Old News! Published on: 2010.06.24

Volume of unpaid loans rises

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Mongol Bank reports that money
supply (broad money or M2) at the end of May recorded an increase of 2.8
percent over the end of April, and of 35.3 percent over May, 2009. Currency
issued in circulation rose 4.0 percent over April, and 21.4 percent over May,
2009.


The volume of loans outstanding at the end of May increased 3.2 per cent over
April, and 12.5 percent over May, 2009. The corresponding figures for
principals in arrears were 8.3 percent and 22.6 percent respectively. The
volume of non-performing loans stood 0.3 percent lower than in April 2010, but
40.9 percent higher than in May, 2009.

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