"MIK Holding" JSC, a Tier 1 listed company, presented its semi-annual financial and operational report to the public on August 25th, 2017 at MSE.
“MIK Holding” JSC was established in 2006 as “MIK OSSK” LLC by the Bank of Mongolia and 10 commercial banks for the purpose of developing the secondary market of domestic mortgage market and then became a listed company in 2015.
In the first half of 2017, “MIK Holding” JSC owned a portfolio of revocable mortgage loans worth of 33.8 billion tugriks, and issued residential mortgage-backed securities of 2,451.7 billion tugriks. The company’s equity capital increased by 12.7 percent reaching 160.4 billion tugriks, while, the net profit grew by 18 percent to 36.1 billion tugriks compared to the same period of previous year. In 2017, the Company introduced the Information Security Standard ISO 27001:2013 in its operation and achieved the Certification.
The company informed that it will aim at becoming an internationally standardized organization with a sustainable business model to promote contemporary urbanization and housing in Mongolia, to raise financial resources from domestic and international markets to increase the types and quantities of portfolio, to search possibilities to issue new products and services, and to purchase 1 trillion tugriks worth of mortgage loans and issue 0.9 trillion tugriks worth of mortgage backed securities.
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MONGOLIAN STOCK EXCHANGE