Khan Bank reports strong Q3 2025 performance, revenue and profit up

Khan Bank, a Mongolian associate of HS Holdings, reported increased revenue and profits for the third quarter of its fiscal year ending December 2025 (January 1 – September 30, 2025). Net profit after taxes rose to MNT 529,116 million, a 13.6% increase from MNT 465,569 million in the prior year. Net profit before taxes also saw a 10.5% increase, reaching MNT 676,982 million.

The bank's strong performance was driven by a healthy Mongolian economy, leading to increased corporate and individual loans. This, coupled with rising interest rates, boosted interest income to MNT 2,135,154 million, up 13.3% from MNT 1,883,848 million. Other income also surged by 47.5% to MNT 489,219 million.

Despite an increase in interest expenses due to rising deposit rates and a weakening Mongolian Tugrik against the dollar, the bank's asset quality improved, reducing loan loss provisions. Total assets grew by 8.0% to MNT 21,927,484 million, with total equity increasing by 7.9% to MNT 2,658,989 million. Loans and advances to customers (net) also increased by 24.8% to MNT 13,437,547 million.