1 MONGOLIA REPORTS 16 MORE COVID-19 CASES, 24 RECOVERIES WWW.XINHUANET.COM PUBLISHED:2021/01/24      2 MONGOLIA EASES MORE COVID-19 RESTRICTIONS IN CAPITAL WWW.XINHUANET.COM PUBLISHED:2021/01/24      3 MONGOLIAN PEOPLE’S PARTY NOMINATES OYUN-ERDENE AS PRIME MINISTER WWW.MONTSAME.MN PUBLISHED:2021/01/24      4 GOOGLE SAYS IT WILL SHUT SEARCH ENGINE IN AUSTRALIA IF FORCED TO PAY FOR NEWS WWW.REUTERS.COM PUBLISHED:2021/01/22      5 SERUM INSTITUTE: FIRE AT WORLD'S LARGEST VACCINE PRODUCER KILLS FIVE WWW.BBC.COM PUBLISHED:2021/01/22      6 MONGOLIA’S PM RESIGNS AFTER MOTHER AND NEWBORN WEREN’T GIVEN WARM CLOTHES DURING COVID-19 HOSPITAL TRANSFER IN FREEZING WEATHER WWW.RT.COM PUBLISHED:2021/01/22      7 MONGOLIA LOGS 16 NEW COVID-19 CASES, 13 RECOVERIES WWW.XINHUANET.COM PUBLISHED:2021/01/21      8 MONGOLIA PREMIER QUITS, BLAMES PRESIDENT OVER COVID PROTESTS WWW.BLOOMBERG.COM PUBLISHED:2021/01/21      9 MONGOLIAN PRIME MINISTER SUBMITS RESIGNATION AFTER COVID-19 PROTESTS WWW.REUTERS.COM PUBLISHED:2021/01/21      10 ULAANBAATAR-DARKHAN AUTO ROAD DEVELOPMENT TO CONTINUE WITH EBRD LOAN WWW.MONTSAME.MN PUBLISHED:2021/01/21      ХӨДӨЛМӨРИЙН ГЭРЭЭГЭЭР АЖИЛ ЭРХЭЛДЭГ ГАДААДЫН ИРГЭДИЙН ТОО БУУРЧЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2021/01/24     "50.2 ТЭРБУМ ТӨГРӨГИЙН АЖИЛГҮЙДЛИЙН ТЭТГЭМЖ ОЛГОСОН" WWW.NEWS.MN НИЙТЭЛСЭН:2021/01/24     ТАТВАРЫН НИЙТ ОРЛОГО 1.3 ИХ НАЯД ТӨГРӨГӨӨР БУУРЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2021/01/24     МОНГОЛЫН ХӨРӨНГИЙН БИРЖЭЭС ТОРОНТОГИЙН БИРЖ РҮҮ ХУВЬЦАА ХӨРВҮҮЛЭВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2021/01/24     НӨАТ: ГУРВАН САЯ ТӨГРӨГИЙН 28, ТАВАН САЯ ТӨГРӨГИЙН 2 АЗТАН ТОДОРЛОО WWW.IKON.MN НИЙТЭЛСЭН:2021/01/24     НӨАТ-ЫН 2020 ОНЫ ДӨРӨВДҮГЭЭР УЛИРЛЫН БУЦААН ОЛГОЛТЫГ ЭНЭ САРД ОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2021/01/24     ГАЗРЫН ТОС БОЛОВСРУУЛАХ ҮЙЛДВЭРИЙН АИ-95 БЕНЗИН 1445, ДИЗЕЛЬ 1372 ТӨГРӨГ БАЙХ ТООЦОО ГАРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2021/01/24     “ГАЗПРОМ” МОНГОЛД БАЙГАЛИЙН ХИЙ ДАМЖУУЛАХ ХООЛОЙН ТӨСӨЛ ХЭРЭГЖҮҮЛЭХ КОМПАНИ БАЙГУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2021/01/24     МОНГОЛД ВАКЦИН НИЙЛҮҮЛЭХ ЭНЭТХЭГИЙН ҮЙЛДВЭРТ ГАЛ ГАРЛАА WWW.NEWS.MN НИЙТЭЛСЭН:2021/01/21     МОНГОЛ УЛСЫГ ЕВРОПЫН ХОЛБООНЫ ХАР ЖАГСААЛТААС ХАСЛАА WWW.GOGO.MN НИЙТЭЛСЭН:2021/01/21    

Mongolian Banks Dashboard - November 2020 www.fitchratings.com

The volume of coronavirus-related restructured loans is likely to delay further the resolution of asset-quality issues of Mongolian banks. An estimated 22% of the system's total loans, or MNT3.8 trillion of loans, have been restructured without any change in loan classification as of September 2020, according to the Bank of Mongolia. This figure could rise to 30% of total loans by end-2020, given the continued availability of relief measures until the end of this year, and adds to the significant amount of problem loans (i.e. non-performing loans plus past due loans) of 18% of total loans at end-3Q20. Fitch believes that a considerable portion of the borrowers benefiting from payment deferrals would eventually become non-performing when the support measures are withdrawn. The combined effect is that weaker banks with significant exposure to business loans may see net losses in 2021 or in 2022, given that most of the restructured loans are business loans. That said, we expect the intrinsic credit qualities of Fitch-rated commercial banks to be sustained under our base-case scenario. We forecast economic growth at around 8% in 2021, and the banks' sound capital buffers should broadly offset the negative impact of the pandemic on their asset quality and profitability.
 
Please review the full report on www.fitchratings.com


Published Date:2020-11-23