Нэмэгдсэн: 2019-01-08 07:45:00

FRC implements a policy to increase NBFIs’ share capital, promote financial inclusion, decrease interest rates, and improve NBFIs’ risk tolerance. Implementation of the policy stood at 95% complete, as of the third quarter of 2018. Associated capacity building will take place – to 2021 - in phases. During this time, NBFIs operating in Ulaanbaatar city will need to increase their share capital to MNT1.4 billion; within 2019 in particular.

In the third quarter of 2016, before the implementation of the current policy, the total assets of the sector stood at around MNT724.2 billion. Since then, there has been a 66% increase, to MNT 1.2 trillion currently. Furthermore, the gross amount of loans jumped 81.3%, to MNT812 billion within same period. The weighted average interest rate – that was 4.2% in 2016 – has since decreased to 3.3% in the third quarter of 2018. Also, as a result of the policy, the number of employees in the NBFIs sector increased by 30.8% in same period.