(Original title: Mengshang Bank’s revenue and net profit double increase in 2021, and the non-performing rate declines)
China Net Finance May 19 News Recently, Mongolian Merchants Bank released its 2021 annual report. During the reporting period, the bank achieved operating income of 5.362 billion yuan, a year-on-year increase of 834.46%; net profit of 690 million yuan, a year-on-year increase of 4.184 billion yuan.
In terms of assets and liabilities, as of the end of the reporting period, the total assets of the Bank of Mongolia were 165.579 billion yuan, down 16.81% from the end of the previous year; the total liabilities were 144.401 billion yuan, down 19.14% from the end of the previous year.
In terms of asset quality, as of the end of the reporting period, the non-performing loan ratio of Mengshang Bank was 2.92%, a decrease of 1.27 percentage points from the end of the previous year; the provision coverage ratio was 213.09%.
In terms of capital, as of the end of the reporting period, the core tier 1 adequacy ratio, tier 1 capital adequacy ratio and capital adequacy ratio of Mongolian Merchants Bank were 13.42%, 13.42% and 14.60%, respectively, down 0.26 percentage points and 0.26 percentage points from the end of the previous year. percentage points, 0.13 percentage points.