First discussion of bill on budget amendments runs 2017-04-06 15:24

Today, the Parliament started to discuss bill on 2017 budget amendments. Finance Minister B.Choijilsuren made an introduction on the bill, noting that the draft had been developed within the framework of International Monetary Fund's Extended Fund Facility program, making resolute changes. To i..


Bank of China Submits Request to Open Branches in Mongolia 2016-02-25 15:48

By Ts.Elbegsaikhan During a speech at National University of Mongolia, Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to Mongolia Xing Haiming said: "Bank of China has submitted a request to open branches in Mongolia". Although rumours about Bank of Chin..


Total Assets of the Banking Sector increases by 5.2 percent 2015-09-02 14:14

By A.Burenjargal The Economic Policy and Competitiveness Research Center released the banking competitiveness review for the second quarter of this year. The total assets of the banking sector, which plays pivotal role in the financial sector, reached MNT 22 trillion over the period, an increase ..


Ulaanbaatar: Regional Financial Hub? 2015-06-24 08:42

By Uuriintuya   London, New York, Hong Kong. These cities are some of the top financial centres in the world. Such cities deserve to be called the centre of the financial world, because their business environments host many prestigious businessmen, while their legal environments act as body..


42 percent of Family Quarrels are due to Financial Issues 2015-06-05 08:57

I learned of this interesting statistic while attending a lecture titled "Public finance to increase access to education." According to a World Bank survey conducted in Mongolia in 2013, 90 percent of respondents said they knew about banking services; 50 percent about insurance service; ..


B.Batkhishig: Economic growth might surpass predictions 2015-05-27 12:39

We talked with N.Batkhishig, an analyst at Mongolian Bankers Association, about Mongolia's economic situation and the banking and finance sector. He graduated from the Institute of Finance and Economics of Mongolia with a Bachelor of Business Economics in 2012.   He worked at Mandal insuran..


G.Enkhtaivan: The insurance sector can significantly benefit from big projects if we do the right things 2015-05-14 10:08

In 2014, Mongolian insurance market had written MNT 107 billion in premiums including life market, an increase although marginally on yoy basis. Before the economic downturn of 2014, the market had enjoyed average 42 percent per annum premium growth for 4 consecutive years. Total assets of the sec..


Moving into Mongolia’s health insurance market 2014-10-24 15:07

Laurent Pochat-Cottiloux, Managing Director at AXA Healthcare Management based in Singapore, has spent 18 years in the private medical insurance industry. With an MBA from the London Business School, he has worked both in start-ups—launching the UK health subsidiary of French insurance group..