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Economy

Default loan decrease by 2.7%

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E.Oyun-Erdene
2020-08-03
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Default loan decrease by 2.7%

According to report from Bank of Mongolia, total loan outstanding has reached to MNT 17.2 trillion as of June, 2020;

• MNT Loan- MNT 15.6 trillion

• Foreign Currency Loan- MNT 1.6 trillion

Loan outstanding increased by MNT 1.1% and normal loan increased by 2.7%.

Default loan decreased by 2.7% and past due loan decreased by 12.2%. Total loan outstanding includes:

• MNT 8.7 trillion loan to individual

• MNT 8.2 trillion loan to corporate.

9.5% of total loan, 1.3% of individual loan and 17.5% of corporate loan are foreign currency loan. 

Payment balance loss of USD 1.1 billion occurred.

According to pre-performance of May, 2020, total payment balance of Mongolia has loss of USD 1 billion and 131 million. Current and asset accounts balance have loss of USD 838.9 million, financial account balance has loss of USD 11.3 million. Foreign currency reserve of Mongolia is USD 3.8 billion as of May.

According to report from Bank of Mongolia, total loan outstanding has reached to MNT 17.2 trillion as of June, 2020;

• MNT Loan- MNT 15.6 trillion

• Foreign Currency Loan- MNT 1.6 trillion

Loan outstanding increased by MNT 1.1% and normal loan increased by 2.7%.

Default loan decreased by 2.7% and past due loan decreased by 12.2%. Total loan outstanding includes:

• MNT 8.7 trillion loan to individual

• MNT 8.2 trillion loan to corporate.

9.5% of total loan, 1.3% of individual loan and 17.5% of corporate loan are foreign currency loan. 

Payment balance loss of USD 1.1 billion occurred.

According to pre-performance of May, 2020, total payment balance of Mongolia has loss of USD 1 billion and 131 million. Current and asset accounts balance have loss of USD 838.9 million, financial account balance has loss of USD 11.3 million. Foreign currency reserve of Mongolia is USD 3.8 billion as of May.

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E.Oyun-Erdene
Category
Economy
Published
2020-08-03


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