List of banks in Mongolia explained

The list of banks in Mongolia includes:[1]

Assets of banks in Mongolia are highly concentrated (100% of assets held by five or fewer banks).[2]

Central bank

State-owned banks

NameAbbv. EstablishedWebsite
State Bank23 November 2009statebank.mn
Development Bank of MongoliaDBM2011dbm.mn

Commercial banks

As of 2023, Mongolia has 13 operational commercial banks.

NameAbbv. EstablishedMajority ownerCapital Website
Trade and Development BankTDBOctober 1990Globull Investment & Developmenttdbm.mn
Golomt Bank6 March 1995Golomt Financial Groupgolomtbank.com
XacBank2001TenGer Financial Groupxacbank.mn
Khan Bank1991Sawada Holdingskhanbank.com
Capitron Bank2001Ajnai Corporationcapitronbank.mn
National Investment Bank of MongoliaNIBank2006 Dolgorsürengiin Dagvadorjnibank.mn
Chinggis Khaan BankCKBank2001New Standard Financeckbank.mn
Credit Bankcreditbank.mn
Trans Bank27 October 2016P. Radnaabazartransbank.mn
Arig Bank1997Nomin Holdingarigbank.mn
Bogd Bank2014Bodi Capitalbogdbank.com
M bankhttps://m-bank.mn/

References

Notes and References

  1. Web site: SUPERVISION THE BANKING ACTIVITIES. Bank of Mongolia . 2021-10-30.
  2. Web site: 2023-07-24 . 5-Bank Asset Concentration for Mongolia (DDOI06MNA156NWDB) . 2023-07-24 . FRED Economic Data, St. Louis Fed.

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