Golomt Bank released unaudited 4th quarter of 2023 financial report


Golomt Bank released unaudited 4th quarter of 2023 financial report

In 4th quarter of 2023 YTD, compared to the same period of the previous year:

  • Total assets increased by 28.5% to MNT 11.5 trillion
  • Total equity increased by 12.2% to MNT 946.9 billion
  • Total loans increased by 25.1% to MNT 4.8 trillion. Non-performing loan ratio decreased to 5.0% from 6.9%.
  • Customer funds increased by 37.5% to reach MNT 7.7 trillion.
  • Profit after tax increased by MNT 80.3 billion or 80.0% to MNT 180.8 billion.

Based on the result,

  • ROAE (Return on Average Equity) increased to 20.5% from 14.4%
  • EPS (Earnings per share) increased to MNT 223.6

Please refer to the following link for the financial report. HERE

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