The First Mongolian Company to be Included in FTSE Russell’s Frontier Market Index
Oct 29, 2025
Tselmeg E.

Khan Bank JSC, listed in the First Tier of the Mongolian Stock Exchange (MSE), has become the first-ever Mongolian company to be included in the FTSE Frontier Market Index, operated by FTSE Russell. FTSE Russell is one of the world’s most respected providers of global market indices and research, widely used by leading investment funds, asset managers, and exchange-traded funds (ETFs) to guide investment decisions. Its indices serve as global benchmarks for portfolio allocation, market comparison, and performance tracking.
According to FTSE Russell’s September review, the FTSE Frontier Market Index now includes 373 companies from 30 countries, including Kazakhstan, Vietnam, and Pakistan. For the first time in history, Mongolia joins this group, with Khan Bank JSC representing the nation.
Experts note that Khan Bank’s inclusion marks a historic milestone for Mongolia’s capital market, enhancing international visibility and credibility. It signals growing investor confidence and could serve as a strong catalyst for foreign capital inflows, improved market liquidity, and increased cross-border participation in Mongolian equities.
The FTSE Frontier Market Index, part of the FTSE Global Equity Index Series (GEIS), measures the performance of large and mid-cap stocks in smaller, developing markets that are in the early stages of capital market growth. Companies are evaluated based on their market capitalization, liquidity, financial strength, and transparency in governance. Inclusion in this index reflects a country’s progress toward integration with global financial markets.
For Khan Bank, meeting these rigorous standards demonstrates its financial stability, transparent governance, and strong investor relations practices, placing it alongside well-established banks and corporations from other frontier economies.
Analysts suggest that this recognition will not only raise Mongolia’s profile among global investors but may also encourage other Mongolian listed companies to strengthen their financial disclosures, governance practices, and market performance in pursuit of international recognition.
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