Banking in Mongolia

Xacbank

Founded in 1998, XacBank is a community development bank and microfinance institution in Mongolia, and is headquartered in Ulaanbaatar. OUR VISION XacBank will be the dynamic leader in providing inclusive financial services and innovative products through an extensive network of branches and partners. The Bank will further grow its market share and support the development of competitive Micro, Small and Medium businesses in Mongolia by using the information communications technology together with personalized customer services. OUR MISSION To contribute to sustainable development of Mongolia that can come only from educated and skilled people and competitive and dynamic businesses concerned equally about Planet, People, and Profit. The Bank will provide equitable access to transparent, reliable and responsive banking products and services to the Bank’s clients, including its traditional Micro-entrepreneurs as well as Small and Medium businesses.

1001 to 5000 staff

Golomt Bank

Golomt Bank is a leading institution in Mongolia’s banking and financial sector, having maintained its status as a pioneer bank for three decades. Established in 1995, the bank has played a key role in the development of Mongolia’s banking and financial sector. Operating under the motto “Investing for a brighter future” and the vision of becoming "Mongolia's global Benchmark Bank," Golomt Bank employs approximately 2,800 staff and serves over 1 million customers as of 2025. The bank is headquartered in Ulaanbaatar and has been a major driver in Mongolian finance sector since 1995.

1001 to 5000 staff

State Bank

State bank

1001 to 5000 staff

Trade And Development Bank Of Mongolia - Tdbm

Trade and Development Bank (TDB) LLC was established in 1990 and over past decades, has become a leading banking and financial services provider in Mongolia. TDB, the oldest bank of Mongolia, prides itself for its leading position in the universal banking service provider, offering over 130 types of international standard banking products, professional and user friendly banking services. The Bank acts as a primary lender to most of Mongolian leading corporations as well as foreign corporations and foreign representative offices across all major industrial and commercial sectors with a constantly innovating range of universal banking products and services delivered with dynamism and excellence in service and quality. TDB is undoubtedly the major player in the financial and banking markets as well as a major innovator of the Mongolian financial sector.

1001 to 5000 staff

Bogd Bank Of Mongolia

Bogd Bank, Mongolia’s first new bank of the millennium, was founded by the Luvsanvandan family, renowned for their leadership roles in government and commerce, to build upon their 20 year track record growing Golomt Bank to become Mongolia’s largest and most respected bank under the ownership of the Bodi Group, one of the country’s leading conglomerates. At this time when Mongolia is on the cusp of the world scale exploitation of its US$ 3 trillion mineral resources and its GDP poised for exponential growth, Bogd Bank will add a new dimension to the currently sclerotic domestic banking system combining its proven ownership and management expertise with an acute focus upon the unique strategic goal of meeting all the banking and financial requirements of the nation’s corporate, institutional, entrepreneurial, and private banking clientele through a small number of branches delivering exemplary service standards in a highly cost efficient fashion. Having pioneered the entry of leading banks and sovereign wealth funds into Mongolia’s banking sector, the owners and management are now replicating that successful strategy in inviting a small number of carefully selected international industry leaders to contribute and benefit from Bogd Bank’s rapid ascent to a leadership role in the banking emergent market economies.

51 to 200 staff

Banking And Finance Academy Of Mongolia

BFA Vision: To be the premier, independent and high quality training institute for excellence in banking and financial services training and research in Mongolia, with a view to have a leading role in theeconomic reforms and strengthening of the Mongolian banking and financial services sector through skills enhancement and professional capacity building programs for sector professionals.

1 to 10 staff

Arig Bank Of Mongolia

First commercial bank of Mongolia.

51 to 200 staff

Mongolian Bankers Association Mba

Aimed at contributing to the development of Mongolia’s banking sector and creating a supportive policy environment and financial infrastructure, MBA has established the following institutions in cooperation with its member organizations: The Banking and Finance Academy – to conduct training and capacity development programs on banking and finance; The Credit Guarantee Fund – to provide credit guarantee service; and The Mongolian Mortgage Corporation – to develop first and second mortgage markets Mongolian Sustainable Finance Association-MSFA

1 to 10 staff

Newfund Nbfi Llc

1 to 10 staff

Development Bank Of Mongolia

Development Bank of Mongolia is a Government-owned, policy-oriented development financial institution in Mongolia. The Government of Mongolia established DBM to foster the economic and infrastructure development of Mongolia by providing long-term financing for policy-oriented projects consistent with the Government’s macroeconomic development strategy. DBM is mandated by the Government to finance large-scale development projects and programmes to improve the living standards in Mongolia and enhance Mongolia’s competitiveness in the international markets.

51 to 200 staff

Khan Bank

Khan Bank has been operating for 30 years in Mongolia. The bank is a nationwide leader in delivering a full range of financial services and products to the consumers, small and medium enterprises and corporate customers in Mongolia. Khan Bank has the most extensive branch network in the country with about 547 branches providing secure financial services in every town, village and border points. The Bank also has the largest network of ATMs with over 800 machines located throughout the country. Khan Bank processes an estimated 70% of daily banking transactions in Mongolia. Independent surveys indicate that Khan Bank services roughly 80% of all households in Mongolia. Khan Bank is regarded as one of top employers and aims to create a working environment that supports our employees, with possibilities to grow, develop them and solve their social issues, as well as providing them with competitive salaries and remuneration in order to enhance the stability and productivity of our employees.

5001 to 10000 staff

M Bank

Mongolian first Neobank M bank.

201 to 500 staff

Arig Bank

Erel Bank, which is the second oldest commercial bank of Mongolia, starts to write its history since 1997. Erel Bank underwent restructuring for its management, and the restructuring of management was the greatest movement in Erel Bank’s history. Therefore, the name of Erel Bank changed to Arig Bank, which means pure, bright, and crystal; therefore, Arig Bank assists customers with a fresh strategy, a new appearance, and services.

201 to 500 staff

Bogd Bank

Богд банк нь дэвшилтэт технологи, цахим сувгуудад суурилсан орчин үеийн банкны шинэ стандартыг Монголд нэвтрүүлэхээр 2014 оны 12 сард Монголбанкнаас Банкны үйл ажиллагаа эрхлэх тусгай зөвшөөрөл авсан. АЛСЫН ХАРАА Богд банк нь Монгол Улсын санхүүгийн зах зээлд сүүлийн үеийн техник технологи, шинэ стандартыг нэвтрүүлэх замаар хөрөнгө оруулалт, байгууллага, хувийн банкны харилцагчдад төгс шийдэл бүхий өргөн хүрээний санхүүгийн бүтээгдэхүүн, үйлчилгээг санал болгоно. ЭРХЭМ ЗОРИЛГО Богд банк нь харилцагч, түншүүдтэйгээ нээлттэй, ил тод харилцаагөргөжүүлж, бизнесийн шинэ давалгааг санхүүжүүлэхийг эрмэлзэнэ. ҮНЭТ ЗҮЙЛС Анхдагч, шинийг санаачлагч, чадварлаг байх нь Богд банкны үнэт зүйлс юм. Эдгээр тулгуур зарчмууд болон нээлттэй, удаан хугацааны харилцааг эрхэмлэдэг нь биднийг бусдаас илүүд хүргэдэг.

51 to 200 staff

National Investment Bank

51 to 200 staff

Savings Bank

Following its recent structural merge with Mongol Post bank, Savings bank has advanced to a Tier 1 ranking in the Mongolian banking environment. Having 2nd biggest network in the country, Savings bank is aiming to become a leading corporate and retail oriented bank introducing structured trade finance in major markets such as Mining, Agriculture and real estate.

1001 to 5000 staff

Transbankmongolia

Тээвэр хөгжлийн банк нь үйл ажиллагааныхаа чиглэлээ шинэчлэн тогтоосон ба эдийн засгийн эргэлтэд онцгой нөлөөтэй салбарууд болох уул уурхай, импортыг орлох үйлдвэрлэл, гадаад худалдаа, экспортыг дэмжсэн төсөл хөтөлбөрүүд, шинэ тутам хөгжиж буй өсөлт өндөртэй салбаруудад чиглэсэн үйл ажиллагааг идэвхтэй явуулахаар зорилго тавин ажиллаж байна.

51 to 200 staff

Deposit Insurance Corporation Of Mongolia Dicom

The deposit insurance law was adopted by the Mongolian parliament on January10, 2013, and laid down the legal basis for the establishment of the Deposit Insurance Corporation of Mongolia (DICOM)with the mandate to protect depositors’ interests and ensure financial stability. The DICOM is a nonprofit, state owned corporation that acts as an independent agency of the Government to implement the deposit insurance scheme.

51 to 200 staff

National Investment Bank Of Mongolia

51 to 200 staff

Platincapital Nbfi

Platin Capital NBFI's vision and mission is to create a lending institution which promotes financial inclusion of individuals and small businesses who are excluded from the existing credit/capital markets due to bureaucracy, excessive lending requirements, and background. Platin Capital’s vision is to treat each client with dignity, respect and warmth, creating a foundation upon which both Platin Capital and its clients grow together.

1 to 10 staff

State Bank Jsc

State Bank of Mongolia, founded in 2009 by government resolution, stands as a major player in Mongolia’s financial sector, committed to fostering financial inclusion and economic resilience across the nation. As one of Mongolia's largest banks, State Bank has established an extensive network with 497 branches, a workforce of over 3,800 dedicated professionals, and a client base exceeding 1.8 million. The bank’s core mission centers on delivering accessible, innovative, and high-quality financial solutions that support the financial needs of individuals and businesses alike.

1001 to 5000 staff

Khanbank Recruiter

In this rapidly changing and competitive market, the Bank strives to retain the most talented and qualified personnel and to go in front by its innovative products and services in a banking and financial sector. As well, the Bank puts a strategic focus on becoming an “EMPLOYER OF CHOICE” who is a role model regarding corporate culture and customer service along with maintaining its commitment to social responsibility and to building a safe, sustainable environment for future generations. ХААН Банк нь Монгол улсын хөдөлмөрийн зах зээл дээр “Шилдэг ажил олгогч” (Employer of Choice) жишиг байгууллага болох стратегийн чиглэлийг удирдлага болгон ажиллаж байна. Бидний үнэт зүйлсийн нэг болсон ажилтнуудаа хүндэлдэг, итгэл хүлээлгэдэг, нээлттэй харилцаа холбоотой байж тэднийг сонсдог, сэтгэлтэй оролцоотой байх боломжийг бүрдүүлж, чиглүүлж, тусалж дэмждэг байгууллагын эерэг зөв соёлтой байх нь Тэргүүний ажил олгогчийн үндсэн зарчим гэж бид үздэг бөгөөд ийм орчинд одоогийн болон ирээдүйн ажилтнууд маань оролцоотой, сэтгэл ханамжтай, үр бүтээмж өндөр, тогтвортой ажиллах юм.

5001 to 10000 staff

Anod Bank

51 to 200 staff

Capitron Bank Of Mongolia Капитрон Банк

Capitron Bank is a 100% Mongolian-owned bank which was founded on November 16, 2001. The Bank has been successfully operating for thirteen consecutive years in the banking and financial service market of Mongolia with its team of highly motivated and skilled employees led by a management team with extensive professional experience. It is proud to have formed an image of an effective commercial bank on the market, based on its strategy to introduce modern information technology to banking services. The bank makes continuous effort towards reaching customers by introducing new products and services and exploring new possibilities to improve traditional banking products by enriching them with new technologies. In this sense Capitron was the first commercial bank to introduce escrow account, overdraft account, Internet Banking services, leasing, mortgage loans, and SMS Banking services into the Mongolian market. These efforts and new products has not only increased appreciation of its customers, but also been a major contribution to the fast development growth of the banking and finance sector of our country. Capitron bank prioritizes cooperation that is mutually beneficial with national and international financial institutions as it is actively implementing several SME development projects initiated by international organizations and the Government of Mongolia. Capitron Bank is a member of the Mongolian National Chamber of Commerce and Industry and Mongolian Saving Insurance Corporation. We are a founding partner to the Mongolian Bank Association, Credit Guarantee Fund, Credit Information Bureau, and Mongolian Hypothec Corporation. The bank was selected in the list of Top 100 Entities of Mongolia in 2002, Top 5 Banks in 2009, and selected as the Best Spread Bank at the "UBIBOR Contribution Contest" organized by Thomson Reuters Agency and the Mongolian Financial Market Association in 2010.

201 to 500 staff