Development Bank of Mongolia
AI-Generated
Private CompanyFinancial ServicesOverview
- Legal Name
- Development Bank of Mongolia
- Company Type
- Private Company
- Industry
- Financial Services
- Founded
- 2011
- CEO
- BAATARSUREN Sukhbaatar
- Website
- www.dbm.mn
- Coverage
- AI-Generated
About the Company
Development Bank of Mongolia LLC (DBM) is a 100% government-owned development bank established in 2011. It is governed by its own dedicated law and supervised by the Bank of Mongolia. A nine-member Board of Directors oversees the Bank. DBM does not take retail deposits; it funds itself through domestic and international capital markets and bilateral borrowings, and channels that funding into strategically important projects via direct lending, on-lending through commercial banks, and programs transferred to the state budget. Between 2012 and 2025 the Bank raised roughly USD 4.9 billion and financed some 3,000 projects worth MNT 7.7 trillion across infrastructure, energy, mining, processing industry, road and rail, and agriculture.
Financial Performance
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Net Profit | (32.2M) | (7.91B) | (289B) |
| Pre Tax Profit | 26.3B | 30B | (286B) |
| Net Interest Income | (22.7B) | (15.7B) | (47.2B) |
| Net Non Interest Income | 6.59B | (10.6B) | (49.7B) |
All figures in MNT. K = thousand, M = million, B = billion, T = trillion.Source: company_filing
Deal Insights
| Date | Amount | Investors | Funding Type | Purpose |
|---|---|---|---|---|
| Jul 1, 2026 | $250M | international institutional investors | Bond | Tap increasing outstanding to USD 750m |
| Jun 1, 2026 | $500M | 122 institutional investors (88% asset managers; US 27%, EMEA 46%, Asia 28%) | Bond | 6.90% coupon, 5-year senior unsecured, 7.2% yield; USD 2.63bn demand (5.3x); first public 144A since 2018 |
| Mar 18, 2026 | ₮1000B | Government of Mongolia | Equity | Recapitalisation via transfer of receivable claim on Erdenes Mongol LLC |
| Jul 25, 2025 | $150M | J.P. Morgan, HSBC, Frontier Strategies | Bond | Tap of 2028 notes; total issue USD 500m |
| Jun 27, 2025 | $350M | J.P. Morgan, HSBC, Frontier Strategies | Bond | 8.5% coupon, due Jul 2028, listed on Vienna Stock Exchange |
Key Personnel
BS
BAATARSUREN Sukhbaatar
Chief Executive Officer
AD
Ayurzana Davaa
Director general of the Financial Management Department
BO
BATBAATAR Otgonbat
Director General, Credit Department
BG
BATJARGAL Gelegjamts
Director General, Asset and Liability Management Department
BB
Bayarmagnai Byambajav
Director general of the Administration Department
BB
BILEGCHULUUN Bayarsaikhan
Director General, Risk Management Department
EA
ENKHJIN Atarbaatar
First Deputy CEO
Sustainability
Sustainability Outcomes
Energy efficiencyRenewable energyGreen buildingClean transportationSustainable water & waste managementPollution prevention and controlEnvironmentally sustainable natural resource managementClimate change adaptation & mitigationAffordable housingAccess to essential services (health & education)Affordable basic infrastructureFood securitySocioeconomic advancement & empowerment
UN SDGs
SDG 1SDG 2SDG 3SDG 4SDG 6SDG 7SDG 8SDG 9SDG 11SDG 12SDG 15
ESG PolicyYES
Sustainability DisclosureYES
Transition / Mitigation StrategyYES
Impact TrackedNO
Impact VerifiedYES
Certifications
Sustainability Financing Framework (2024)Moody's Ratings Second Party Opinion — "Good"MUFG Sustainability AdvisoryMongolian Sustainable Finance Association (ToC)Green Climate Fund (GCF) — accreditation in progressADB Technical AssistanceParis Agreement / Mongolia NDC alignmentKAMCO MoUMNCCI (МҮХАҮТ) MoU