Banking sector update in lines
Saving size has increased
As of July 2010, total size of saving deposit at commercial banks has increased by 25% or MNT400bn comparing the same period of the previous year, reaching MNT2.1trn. 43% of total saving is deposited in US$.
Thanks to warming of the economic situation in Mongolia, commercial banks are in the race of releasing loan to private sector.
Unhealthy loan size has decreased
14% of total loan in the banking system is categorized as “unhealthy” and it was 20% in the last year. If dilute Anod and Zoos banks’ loan from this statistics, it could decrease down to 9% only.
As of July 2010, total size of saving deposit at commercial banks has increased by 25% or MNT400bn comparing the same period of the previous year, reaching MNT2.1trn. 43% of total saving is deposited in US$.
Thanks to warming of the economic situation in Mongolia, commercial banks are in the race of releasing loan to private sector.
Unhealthy loan size has decreased
14% of total loan in the banking system is categorized as “unhealthy” and it was 20% in the last year. If dilute Anod and Zoos banks’ loan from this statistics, it could decrease down to 9% only.
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