"Bogd Bank" /BOGD/ JSC, registered in the first classification of the Mongolian Stock Exchange, has presented its operational and financial results for the first half of 2022.
During the reporting period:
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"Bogd Bank" JSC was founded in November 2014, and in the current fiscal year, it had 16.07 billion MNT equity capital, but as of the second quarter of 2022, its equity capital increased to 107.04 billion MNT, an increase of 566 percent.
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The amount of total capital was 16.66 billion MNT in 2014, and now it has reached 393.83 billion MNT, showing an increase of 2,264 percent.
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The ratio of equity to total assets increased from 1.04 in 2014 to 3.68 in the second quarter of 2022, an increase of 255 percent, indicating the expansion of the bank's operations.
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The net interest margin was 5.87 percent in 2021 and increased by 0.30 percent to 6.17 percent in the reporting period. As a result, capital efficiency has improved and profitability has increased.
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"Bogd Bank" JSC has significantly improved its main financial indicators and introduced several products and services for its customers in the second quarter of 2022. Particularly, in addition to creating the Corporate Gateway service, Prime and Prime Reserve credit card products were introduced to the market.
MONGOLIAN SOTCK EXCHANGE