Globally recognized, Truthfulness, Collaborative strength
Consolidated Statement of Financial Position
/Audited/
ASSETS /MNT’000/ | 2024 | 2023 | 2022 |
|---|---|---|---|
TOTAL ASSETS | 252,350,872 | 133,468,951 | 72,163,767 |
Cash and cash equivalents | 12,706,074
| 7,885,968 | 521,781
|
Loans and advances to customers | 231,727,567
| 123,462,373 | 69,586,280 |
Other assets | 2,219,680
| 513,258
| 1,062,739
|
Property and equipment | 4,942,878
| 1,251,810
| 591,062
|
Intangible assets | 754,673
| 355,542
| 401,905
|
LIABILITIES /MNT’000/ | 2024 | 2023 | 2022 |
|---|---|---|---|
TOTAL LIABILITIES | 179,419,697 | 90,737,012 | 52,628,856 |
Bond | 29,028,833
| 12,058,824
| 10,769,582
|
Trustee service
| 62,629,632 | 36,466,251 | 21,688,257 |
Loans | 78,274,912
| 28,920,602 | 11,768,024
|
Asset-backet securities | –
| 4,798,243 | 4,679,661
|
Other liabilities
| 9,486,320
| 8,493,092
| 3,723,332
|
EQUITY /MNT’000/ | 2024 | 2023 | 2022 |
|---|---|---|---|
TOTAL LIABILITIES AND EQUITY | 252,350,872 | 133,468,951 | 76,858,757 |
Ordinary shares
| 10,756,859
| 10,756,859
| 10,756,859
|
Treasury shares
| (2,337,547)
| (2,337,547) | (2,337,547)
|
Other reserve
| 57,348
| 57,378
| 57,378
|
Retained earning | 64,454,515 | 34,255,279 | 15,753,241 |
TOTAL EQUITY | 72,931,175 | 42,731,939 | 24,229,901 |
Consolidated Statement of Profit or Loss and Other Comprehensive Income
/Audited/
/MNT’000/ | 2024 | 2023 | 2022 |
|---|---|---|---|
Net profit | 36,113,649 | 19,795,816 | 5,524,981 |
Interest and similar income
| 89,190,036
| 47,842,587
| 20,214,948
|
Interest and similar expense
| (22,181,544)
| (9,527,344)
| (3,949,884)
|
Net interest and similar income
| 67,008,492
| 38,315,243
| 16,265,064
|
Credit loss expense | (8,198,662)
| (2,684,956)
| (1,438,655)
|
Net interest and similar income after allowance for impairment
| 58,809,830
| 35,630,287
| 14,826,409
|
Administrative and operating expenses | (12,318,753)
| (10,223,598)
| (7,656,249)
|
Other expenses | (363,817) | (35,966) | (637,914) |
Profit before income tax | 46,127,260
| 25,370,723
| 6,532,246
|
Income tax expense | (10,013,611) | (5,574,907) | (1,007,265)
|
