Category: Brief introduction of the bank

The Bank was awarded the “Best SME supporting bank” by the Asia Money magazine.

The Bank published its 2018 year-end independent audited report by KPMG, one of the largest audit firms. The Bank also became a member of the Mongolian Securities Dealers Association.

The Bank systematically increased its equity, reaching MNT 78 billion, making the Bank the 7^th largest bank in terms of equity.

International Accounting Principles 9, 15 and 16 were introduced to the Bank in their entirety.

The Bank successfully passed the “Asset Quality Review” test organized by the Government of Mongolia and IMF.

The Bank issued its first loan after the acquisition.

The Bank went through 100% shareholder changes and has become fully owned by Mongolian shareholders.