In 1Q FY2026, Hahn Bank’s interest income increased by 19.2%, while interest expense rose by 36.7%, resulting in a 4.9% decrease in net 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Ltd.","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-04-20","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/8699-20260420-01.pdf","jir_short_summary":"In 1Q FY2026, Hahn Bank's interest income increased by 19.2%, while interest expense rose by 36.7%, resulting in a 4.9% decrease in net income.","jir_summary":"### Earnings Overview\nIn the first quarter of the fiscal year ending December 2026 (January 1 to March 31, 2026), Hahn Bank saw growth in both corporate and personal loans driven by Mongolia\u2019s robust economic conditions, pushing interest income up 19.2% YoY to 805,858 million Tugrug. Meanwhile, funding costs increased by 36.7% to 478,012 million Tugrug due to higher deposit balances and rising deposit interest rates. As a result, pre-tax net income decreased 9.4% YoY to 210,426 million Tugrug, and net income after taxes declined 4.9% to 169,544 million Tugrug, indicating revenue growth with profit reduction.\n\n### Financial Position and Outlook\nOn the balance sheet, total assets rose 5.8% from the previous year-end to 25,333,000 million Tugrug, and total liabilities increased 7.7% to 22,752,027 million Tugrug, while total equity decreased 8.6% to 2,580,973 million Tugrug. Both loans and deposits grew 22.6% and 26.2% respectively compared to the same period last year, reflecting continued business expansion alongside Mongolia\u2019s economic growth. Note that these earnings are the standalone results of an equity-method affiliate, Hahn Bank, and will be reflected in HS Holdings\u2019 consolidated financial statements as equity investment gains or losses.","jir_financial_highlights":"Interest income (Interest Revenue): 805,858 million Tugrug (19.2% increase YoY)\nInterest expense (Funding Costs): 478,012 million Tugrug (36.7% increase YoY)\nNet profit after taxes: 169,544 million Tugrug (4.9% decrease YoY)\nLoans and advances to customers (net): 14,369,619 million Tugrug (22.6% increase YoY)\nCustomer accounts (Deposits): 17,405,632 million Tugrug (26.2% increase YoY)","jir_category":"","jir_hashtags":"#HSHoldings, #financial_summary, #JapaneseStocks","jir_key_figures":"Interest income (Interest Revenue): 805,858 million Tugrug (19.2% increase YoY)\nInterest expense (Funding Costs): 478,012 million Tugrug (36.7% increase YoY)\nNet profit after taxes: 169,544 million Tugrug (4.9% decrease YoY)","jir_meta_title":"[HS Holdings] 1Q FY2026 Earnings Summary | Interest Income Up 19.2% but Net Income Down 4.9%","jir_meta_description":"HS Holdings announces the 1Q FY2026 earnings of its equity-method affiliate Hahn Bank. Interest income rose 19.2%, however net income declined 4.9% due to increased funding costs.","jir_og_title":"[HS Holdings] 1Q FY2026 Earnings Summary | Interest Income Up 19.2% but Net Income Down 4.9%","jir_og_description":"HS Holdings\u2019 affiliate Hahn Bank released its 1Q FY2026 results. 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