TOKYO, Apr 20 (Pulse News Wire) – HS Holdings CO.,LTD. (8699.T) reported the individual quarterly results of its associated company, Khan Bank JSC, for the quarter ending March 31, 2026.
Khan Bank’s revenue increased due to growth in corporate and personal loans amid a robust Mongolian economy. However, higher deposit balances and rising deposit rates led to significantly higher funding costs, resulting in reduced profits. Khan Bank’s net interest income rose to ¥805.858 million tugrik compared to the previous year, while net profit after taxes decreased to ¥169.544 million tugrik from ¥178.361 million tugrik.
Total assets grew to ¥21.117 billion tugrik, up from the prior year-end figure. Deposits increased by ¥3.614 billion tugrik, reflecting a strong demand for banking services. The exchange rate used for converting Khan Bank’s figures into yen for HS Holdings’ consolidated financial statements was 22.35 tugrik per yen as of March 31, 2026.
Adjustments will be made for significant transactions occurring between the reporting periods.
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