Bogd bank's net profit after tax for the first half of 2024 reached 15.01 billion mnt, reaching the level of the same period of the previous year. Highlights of the first half of 2024 

Key financial indicators: 

• Total assets reached MNT 837.20 billion in the first half of this year, which indicates an increase of 42.19% from the same period of last year. 

• Net loan portfolio increased by 47.37% from the beginning of the year and reached MNT 460.01 billion. 

• The share of non-performing loans in total loans is 3.5%. 

• Customer deposits increased by 18.81% from the beginning of the year and reached 364.48 billion MNT. 

• In 2024, a total of 12.07 million US dollars in long-term funds will be attracted from international banks and 

• financial institutions to support small and medium businesses, including women entrepreneurs, and support energy-efficient operations and consumption. 

• During the reporting period, Bogd Bank fully met the prudential ratios set by the Banking Law and the Bank of Mongolia, which includes: 

• Adequate ratio of Tier 1 capital to risk-weighted assets of 23.4% (=> 12%, as set by BoM). Excess capital reserves cover any possible risks and create opportunities for future asset expansion and dividend distribution. 

• 204.72 billion MNT, which is 32.2% of the total liabilities, is managed by depositing in cash and securities of the Bank of Mongolia that can be converted into liquid assets.

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