Became the first commercial bank in Mongolia—and in Northeast Asia—to join the Cross-Border Interbank Payment System (CIPS) as a Direct Participant for RMB transactions.
Category: Historical Overview and Key Milestones
Established a correspondent banking relationship with DBS Bank Ltd., Singapore, and successfully opened a SGD account.
Participated as a supporting sponsor in the UNICEF Mongolia Gala Event, organized in collaboration with IWFCI Mongolia, in celebration of World Children’s Day.
Recognized once again among Mongolia’s Top 100 Enterprises.
Expanded its branch network by opening a new branch at Minister Tower, Ulaanbaatar, enhancing accessibility of financial services for clients.
Launched a co-branded card in partnership with one of Mongolia’s leading premium membership clubs.
Successfully mobilized MNT 100 billion in long-term foreign funding from international financial institutions and Japanese clients, of which MNT 35 billion was allocated to green projects and programs.
Introduced a 24/7 card transaction monitoring system to strengthen fraud prevention and risk management.
July 2024
Established a relationship with StoneX Group Inc. and successfully opened a trading account to support international market operations.
June 2024
Obtained regulatory approval from Chinese authorities and officially established a representative office in Beijing, China.