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Non-bank financial institutions revenue increases www.montsame.mn
Ulaanbaatar /MONTSAME/ In the second quarter of 2017, total revenue of non-bank financial institutions reached MNT 89.5 billion, increasing by 6.3 per cent compared to the same period of previous year.
The revenue was made up 83 per cent from interest income, 13.4 per cent from non-interest income and 3.6 per cent from non-operating income.
In the first half of this year, a total of 533 non-bank financial institutions opened, of which 409 or 76.7 per cent have earned MNT 32.4 billion, whereas 97 or 18.2 per cent had a deficit of MNT 4.3 billion. It has been observed that non-bank financial institution sector is operating profitably.
In the second quarter of 2017, entire non-bank financial institution system has made net profit of MNT 28.1 billion, which showed an increase of MNT 3.1 billion or 12.4 per cent against first half of 2016.
E.Altanzul
Published Date:2017-10-13
