ABTS NBFI was established on 4 October 2001 as one of pioneer micro finance institutions in Mongolia.
We direct our activity at meeting demand and needs of our clients with personal touch by introducing new financial products and services, improving our operations, and adopting international standards. In 2001-2017, the ABTS NBFI has granted total loans of MNT 54.8 billion to around 3800 clients.
Since 2001, total assets soared 194 times, while total loans increased 157 times and equity rose 136 times.
Compared to the end of 2016, total assets declined by 13.8%, while total loans subsided by 14.8%. The ratio of non-performing loans to total loans made up 2.8%, while banks non-performing ratio recorded 8.2% (end-December 2017), and NBFIs’ non-performing loans made up 12.7% of total loans (end-December 2017).
Due to the economic slowdown in 2017, ABTS NBFI implemented quality over quantity loan policy. Therefore, total loans declined by MNT 1.8 billion or 14.8% to MNT 10.5 billion. On the other hand, by distributing quality loan portfolios to comparatively trustworthy clients, our non-performing loan ratio decreased from 4.9% to 2.8% compared to 2016.
ABTS NBFI has already built the reputation of reliable financial partner. The backbone of our business is experienced staff, strong management team, and shareholders support. We believe that the team work with well defined objectives, innovative thinking and integrated interests will drive the further success of our NBFI.