B. Batbayar, Deputy Director for Business and Development of "MIK HOLDING" JSC, which is registered in the first category of "Mongolian Stock Exchange" JSC, presented the operational and financial report for the first half of 2023 on August 17.

• As of June 30, 2023, the total assets reached 4,954.7 billion MNT, and during the reporting period, the company had 184.1 billion MNT interest income and 142.2 billion MNT interest expense.

• The return on total assets is 1.8% and the return on equity is 233.0%, which is due to the increase in net profit after tax. Compared to the beginning of the same year, the total assets increased by 8.8% and the total portfolio increased by 5.2%.

• The market value of the company reached 364.3 billion MNT.

Highlights of the first half of 2023:

• On February 3, 2023, "MIK Active thirty-two TZK" LLC, founded by "Mongolian Mortgage Corporation OSSK" LLC, a subsidiary of "MIK Holding" JSC, issued 560 billion MNT 30-year mortgage-backed bonds for 6,964 households in accordance with a special permit issued by the Financial Regulatory Commission, enabling households to obtain mortgage loans again.

• As a result of financing the housing program with a total of 2 trillion MNT in the years 2021-2023, the "10 trillion comprehensive plan to protect health and restore the economy" was developed, and the goal of including middle-income citizens in housing mortgage loans and financial support for their housing was successfully implemented.

• MOUs were signed with the National Housing Mortgage Finance Corporation (NHMFC) of the Philippines, Cagamas Berhad or Housing Finance Company of Malaysia, and Capital Housing Corporation JSC, respectively.

• Within the framework of the memorandum, the company actively participating in and organizing the meetings and events of the "Regular Meeting of the International Mortgage Secondary Market Association", "Ulaanbaatar-International Forum 2023", and "Home Neighborhood Redevelopment Housing Financing System" for investors.

• "Mongolian Mortgage Corporation OSSK" LLC became the first organization in the financial sector to introduce the ISO 37301:2021 international compliance management standard into its operations.

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