Development Bank of Mongolia explained

Development Bank of Mongolia
Native Name:Монгол улсын хөгжлийн банк
Native Name Lang:mn
Type:state-owned
Industry:banking
Founded:2011
Founder:government of Mongolia
Hq Location:Sükhbaatar
Hq Location City:Ulaanbaatar
Hq Location Country:Mongolia
Products:financial services

The Development Bank of Mongolia (DBM; Mongolian: Монгол улсын хөгжлийн банк) is a state-owned bank headquartered in Sükhbaatar, Ulaanbaatar, Mongolia.

History

The government of Mongolia initiated the establishment of the bank on 20 July 2010 and approved by the parliament on 10 February 2011.[1]

See also

Notes and References

  1. Web site: 2021. Recommendations for Enhancing the Development Bank of Mongolia's Capacity for Financing National Sustainable Development. UNDP. 23 January 2024.