Central bank reports on loan performance

GoGo.mn

2017-11-08 16:32 GMT+8

The Bank of Mongolia (BoM) reports that the nation's impaired loans reached 1.9 trillion MNT in 2017, with 935.2 billion MNT in past due loans and 968.8 billion MNT in non-performing loans.

Because of the high number of non-performing loans, banks have started reducing the number of loans being granted.

As a result, the BoM says that it has begun enforcing regulation to decrease the number of non-performing loans at the nation's banks.

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