Category: Historical Overview and Key Milestones

Signed a Memorandum of Understanding with Development Solutions NGO to jointly implement the BEST program in support of SME clients.

Launched the “Children’s Bank” project to promote financial literacy among children, establishing a dedicated facility at the Khuurkhun Shar Shuvuu Training and Research Center.

Awarded “Best CSR Bank in Mongolia 2020” by Asiamoney.

Recognized by Asiamoney as the “Best Bank for SMEs in Mongolia”.

Engaged KPMG, one of the “Big Four” audit firms, to audit its 2018 financial statements. And joined the Mongolian Securities Dealers Association.

Increased capital to MNT 78 billion, ranking as the 7th largest bank in Mongolia by equity.

Fully implemented Financial IFRS 9, IFRS 15, and IFRS 16 standarts in its operations.

Successfully passed the Asset Quality Review (AQR) conducted by the Government of Mongolia and the International Monetary Fund (IMF).

The Bank issued its first loan following its transition to a domestically owned commercial bank.

The Bank’s shareholder structure was restructured, becoming a 100% Mongolian-owned bank.