Category: Bank’s history and highlights

International rating agency Moody’s has set a base credit rating of the Bank at B3, same as the Mongolian government’s.

The Bank’s share capital was increased by MNT 22 billion to MNT 100 billion. As of the third quarter of 2020, the Bank ranked second in terms of share capital.

Within the framework of social responsibility, the Bank initiated a campaign to fully exempt its service fee and commissions. The fees for the e-banking, Most Money, and text message services were reduced to MNT 0 in 2020.

The Bank successfully worked as a co-underwriter in the IPO issuance of “Bodi Daatgal LLC” under its underwriting license.

Within the framework of social responsibility, the Bank successfully launched the “Children’s Bank” project aimed to provide financial education to young children. A “Children’s Bank” was built in the “Cute Owl” Child-Parent Training and Research Center.

The Bank signed a memorandum of understanding with “Development Solitions” NGO to support its’ customers who are Small and Medium business owners.

The Bank was awarded the “Best socially responsible bank” by the Asia Money magazine.

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.