MBA reports on the banking sector in Q3’17

The American Chamber of Commerce in Mongolia

2017-12-07 14:59 GMT+8

The Mongolian Bankers Association (MBA) released a report on the banking industry's performance in the third quarter of 2017.

The banking sector's total capital reached one trillion MNT in Q3'17, a 9.1 percent increase over the previous quarter and a 13.8 percent increase compared to the same period in 2016.

Q3'17's capital is the highest figure on record in the past three years. Absolute capital of the banks was 25 trillion MNT in the first three quarters of the year, increasing by 2.3 trillion MNT within one quarter.

Seventy-eight percent of the hike was generated from increased deposits. It was estimated that deposits at 12 banks have increased.

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