Khan Bank
CMM Verified
MSE: KHANPublic CompanyFinancial ServicesOverview
- Legal Name
- Khan Bank
- Company Type
- Public Company
- Listing
- MSE: KHAN
- Industry
- Financial Services
- Founded
- 1991
- Market Cap
- MNT 2.77T
- CEO
- Munkhtuya Rentsenbat
- Website
- www.khanbank.com
- Coverage
- CMM Verified
About the Company
Founded in 1991 and privatized in 2003, Khan Bank is Mongolia’s largest commercial bank, serving over 2.9 million customers, which is roughly 82% of the population, through an extensive network of 500+ branches and advanced digital platforms. Its seamless combination of broad physical reach and high digital adoption, with over 99% of transactions conducted online, gives it a unique competitive edge in both retail and SME banking. This scale, market penetration, and ongoing digital transformation position Khan Bank as a dominant and resilient financial institution in Mongolia.
Financial Performance
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Net Interest Income | 1.05T | 1.23T | 1.34T |
| Fee and Commission Income | 282B | 303B | 323B |
| Pre-Tax Profit | 743B | 830B | 879B |
| Net Profit | 559B | 639B | 695B |
All figures in MNT. K = thousand, M = million, B = billion, T = trillion.Source: MSE disclosures
Ownership & Structure
Shareholders
H.S. Holdings Co., Ltd. (Japan) (controlling)40.99%
Tavan Bogd Holdings LLC (Mongolia)22.78%
Ms. Khulan D. (Individual)13.22%
H.S. International (Asia) Ltd. (HK)8.78%
Public14.23%
Subsidiaries & Projects
1Deal Insights
Built a deep DFI pipeline focused on green finance, women/youth MSMEs, and rural lending. Total: approximately $815 million across 7 deals.
| Date | Amount | Investors | Funding Type | Purpose |
|---|---|---|---|---|
| Jun 24, 2026 | $170M | EBRD, Green Climate Fund (GCF), Women Entrepreneurs Finance Initiative (We-Fi) | Debt | $80M Green/GCF, $50M WiB, $40M YiB — EBRD's largest-ever loan to a Mongolian bank |
| Mar 12, 2026 | $130M | AIIB (Asian Infrastructure Investment Bank) | Debt | Renewable energy, energy efficiency, green buildings, pollution control, water management, clean transport |
| Dec 8, 2025 | $100M | ADB | Debt | Rural MSMEs and agricultural enterprises and individuals |
| Nov 21, 2025 | $50M | FinDev Canada | Syndicated Loan | Climate mitigation/adaptation (30%), women-led MSMEs (30%), youth & agri-SMEs (40%) |
| Nov 12, 2025 | $20M | EBRD | Debt | Rural business & green agriculture access |
| May 14, 2025 | $145M | EBRD | Debt | Women-focused (48%) and Green (52.8%) |
| Mar 13, 2025 | $200M | FMO, CDP, Finnfund | Syndicated Loan | Green financing (30%) & Women/Youth MSMEs |
Executive Team
MR
CEO
Munkhtuya Rentsenbat
CEO
EB
Erdenedelger Bavlai
First Deputy CEO for Business
MG
Munkhbayar Geleg
Deputy CEO for Risk
SN
Sachin Nair
Deputy CEO for Technology & Operations
DD
Dugarbaatar Dorjnamjil
Chief Auditor
Board of Directors
Board Chair
DT
Daribum Tudev
Board Chair, Independent Director
KD
Khulan Dashdavaa
Board Deputy Chair, Regular Director
Independent Directors
TA
Tamir Amarbayasgalan
Independent Director
HA
Hans Aart Jongejans
Independent Director
Sustainability
Sustainability Outcomes
Renewable energyLow-pollution energyEnergy efficiencyGreen buildingPollution prevention and mitigationSustainable water and waste useSustainable agriculture, land use, forestry, and eco tourismLow carbon transportation
UN SDGs
SDG 5SDG 7SDG 8SDG 9SDG 10SDG 12SDG 13SDG 15SDG 16SDG 17
ESG PolicyYES
Sustainability DisclosureYES
Transition / Mitigation StrategyYES
Impact TrackedYES
Impact VerifiedYES
Certifications
LEED Gold CertificateMongolian Sustainable Finance Association