On August 04, 2025, "State Bank" JSC, registered in the II classification of "Mongolian Stock Exchange" JSC, presented its operational and financial results for the first half of 2025.
In the reporting period:
Financial results for the first half of 2025:
As of the first half of 2025, the key balance sheet indicators of State Bank show a 2.3% decrease in total assets compared to the end of 2024, amounting to MNT 6,081.7 billion. Among income-generating assets, the total outstanding loans and securities declined by 1.2%, reaching MNT 5,175.3 billion.
According to Resolution No. 32 of the Board of Directors dated February 14, 2025, the Bank resolved to distribute dividends of MNT 63.70 per share, totaling MNT 48.1 billion, from the 2024 net profit, which contributed to the decline in equity.
The Bank recorded a net profit of MNT 31.2 billion for the first half of 2025.
Highlights of the first half of 2025:
- State Bank currently offers around 120 types of products and services to its 2.3 million customers. We continue to introduce new products to the market and enhance existing ones to better meet customer needs. Key developments include:
- Launched the Corporate Credit Card product.
- Launched the International Platinum Credit Card product.
- Introduced the Green Current Account product to the market.
- Enabled the use of pension and social welfare designated accounts for regular transactions.
- Reduced the merchant service fee for card-accepting businesses to as low as 0.3%.
- Revised terms for Platinum corporate term deposit products.
- Increased base interest rates for short-term deposits by up to 0.6%.
- Introduced a special account number service allowing customers to select account numbers with their preferred digits for a fee.
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MONGOLIAN STOCK EXCHANGE