Mongolia: Total amount of outstanding loan increases

At the end of May 2021, the total amount of outstanding loans to companies and individuals was MNT 18.3 billion, an increase of MNT 580.1 billion (3.3%) compared to the previous month and MNT 1.1 billion (6 , 2%) the same. Out of the total outstanding loans, 9.2 trillion MNT (50.2%) were individual loans, while standard loans reached 14 MNT.9 trillion MNT at the end of May 2021, up 526.5 billion MNT (3.7%) compared to the previous month and 856.9 billion MNT (6.1%) compared to the same period of the previous year. of the total loan volume decreased by 0.1 percentage points compared to the same period of the previous year. At the end of May 2021, the main arrears amounted to MNT 1.3 trillion, up by MNT 23.6 billion (1.8%) compared to the previous month and by 164.0 billion MNT (14.3%) compared to the same period in the previous year, at the end of May 2021, payment defaults in the banking system amounted to 2.0 trillion MNT, increased by 30.0 billion MNT (1.5%) compared to the previous month and increased by 51.8 billion MNT (2.6%) compared to the same period of the previous year. Bad loans in the banking system correspond to 11.1% of total loans, down 0.4 percentage points compared to the same period last year; at the end of April 2021, loans from commercial banks to private individuals amounted to MNT 8.8 trillion, down by MNT 92.2 billion (1 , 0%) compared to the previous month, while they rose by 191 MNT.8 billion (2.2%) compared to the same period last year. For each type of loan, 46.5% were business loans, 30.1% salary loans, 8.1% pastoral loans, 6.4% deposit-secured loans, 2.5% car loans, 2.3% credit card loans, 1.5% retirement loans, 0.Consumer loans accounted for 6% and other loans for 2.0%. In relation to the term of MNT 8.0 trillion individual loans, 10.7% were loans with terms of up to 1 year, 54.6% were loans with terms of 1 to 5 years and 34.7% were loans with terms of 5 and more years.