"Ard Credit" (ADB) JSC, which is listed in Category I of the Mongolian Stock Exchange, has presented its operations and financial results for the first half of 2022.
During the reporting period:
- The total assets of the company reached MNT 71.7 billions, which increased by 3.5 percent from the same period last year.
- Interest and commission income reached MNT 7.38 billions, an increase of 58 percent from the second quarter of 2021.
- Obtained the right to issue closed bonds and successfully collected MNT 6.9 billion.
- Dividends of MNT 1.26 billion were distributed to shareholders.
- The number of customers of the company reached 1,006,234, while the total number of borrowers was 49,065.
- In the first half of this year, the loan portfolio reached MNT 41.5 billions, which is a 37.5 percent increase compared to the same period last year.
- The rate of non-performing loans increased from 6.63 percent in the second quarter of 2021 to 8.3 percent in the first half of this year.
- "Ard Financial Union" JSC owns 40.59 percent of the company's total shares.
Please click here to view the presentation of the report of "People's Credit" JSC for the first half of 2022.
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