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Khan Bank Q4'15 net profit rise 12.1% YOY

Mongolia's Khan Bank LLC posted a 12.1% year-over-year increase innet profit for the fourth quarter of 2015.

Profit after tax rose to 121.09 billion Mongolian tugrikfrom 108.02 billion tugrik reported for the prior-year period, according to a document recentlyobtained by S&P Global Market Intelligence.

Net interest income totaled 281.05 billion tugrik in thefourth quarter, while net fees and commission income amounted to 30.48 billiontugrik.

The bank's capital adequacy ratio jumped to 22.59% at theend of the 2015 fourth quarter from 17.2% a year earlier. The Tier 1 capitaladequacy ratio stood at 15.60%.

As of Feb. 3, US$1 wasequivalent to 2,010.50 Mongolian tugrik.