The performing loans reached MNT 14.1 trillion at the end of May 2020, increased by MNT 77.2 billion (0.6%) from the previous month, but decreased by MNT 1.1 trillion (7.4%) from the same period of the last year. The performing loans make up 81.9% of the total loans, showing a decrease of 2.6 points from the same period of the previous year.

At the end of May 2020, the principals in arrears amounted to MNT 1.1 trillion, showing a decrease of MNT 161.4 billion (12.3%) from the previous month. But it increased by MNT 324.6 billion (39.5%) from the same period of the previous year. The principals in arrears make up 6.7% of total loans, showing an increase of 2.0 points from the same period of the previous year.

Moreover, the non-performing loans in the banking system amounted to MNT 1.9 trillion at the end of May, with an increase of MNT 100.9 billion (5.4%) from the previous month, while it decreased by MNT 2.3 billion (0.1%) compared to the same period of the previous year. The non-performing loans in the banking system make up 11.5% of total loans, showing an increase of 0.5 points from the same period of the previous year.

By type of outstanding loans individuals, 40.3 percent were mortgage loans, 25.7 percent -- salary loans, 15.2 percent -- small and medium enterprises loans, 11.6 percent -- consumer loans, 1.6 percent -- pension loans and 5.6 percent -- other kinds of loans. Commercial banks correspond to 74.2% of the total outstanding loans to individuals.

Source: National Statistics Office