LOAN INTEREST OF NONBANK FINANCIAL INSTITUTIONS LOWERED TO 3.5 PER CENT

Ulaanbaatar /MONTSAME/ In the second quarter, a total of 480 non-bank financial institutions, which hold special license, issued loans with the weighted-average monthly interest of 3.5 per cent, which means lower by 0.6 points than the previous quarter, reported the Financial Regulatory Commission. Non-bank financial sector had unpaid loans of MNT554.9 billion in the second quarter, went up by MNT76.7 billion compared to the beginning of the year and up by MNT142.9 billion compared to the same period of last year. Non-performing loans total to MNT72.2 billion or makes up 13 per cent and outstanding loans make up 5.9 per cent, while performing loans make up 81.1 per cent out of the unpaid loans. Nonperforming loan amount increased by 21.5 per cent from the beginning of the year and up by 47 per cent compared to the same period of last year. B.Ooluun