Inside Mongolia's NBFI boom: rapid growth, rising NPLs and the regulatory response, and profiles of the sector's listed leaders.
What Foreign Investors Miss Without the Right Due Diligence Partner
The Development Bank of Mongolia (DBM) is the country's only policy bank, wholly government-owned, combining development and export-import functions. Its crisis crystallized after the Bank of Mongolia's special audit in late 2021 exposed a sharp deterioration in asset quality.
Mongolia's SOE Reform at a Turning Point
Only weeks after its June debut, the Development Bank of Mongolia (DBM) has reopened its 6.9% July 2031 senior bond for a further USD 250 million, lifting the total outstanding to USD 750 million.
Mongolia's energy story has long been written in coal. The gas locked inside those same coal seams has stayed largely in the ground, and it was only in June that the country approved its first natural gas reserves at all.
Bogd Bank JSC has reopened its debut senior notes due 2029, placing an additional US$25 million and bringing the total outstanding to US$100 million. The original US$75 million three-year notes, carrying a 9.50% fixed coupon and listed on the Vienna Stock Exchange, priced in…
Mongolia DealBook 2025: A Breakout Year for Foreign Capital We’re excited to share the release of Mongolia DealBook 2025 , our inaugural flagship report tracking how Mongolia’s private sector accessed foreign capital—and what it tells us about the country’s evolving investment…
Diversify Your Portfolio with Mongolian Bonds
Second edition of Investor’s Guide to Mongolia: Bonds which explores the 2025 performance and 2026 outlook for EM, Frontier and Mongolian bonds
Established in 1991 by government decree, the Mongolian Stock Exchange (MSE) is the country's principal platform for securities and mining commodities trading, and the central institution underpinning Mongolia's capital market.
Founded in 1991 and privatized in 2003, Khan Bank is Mongolia’s largest commercial bank, serving over 2.9 million customers—approximately 82% of the nation’s population. As of year-end 2025, Khan Bank demonstrated robust growth with total assets reaching ₮23.8 trillion and a net…
As of year-end 2025, the bank demonstrated robust growth with total assets reaching MNT 19.0 trillion and a net profit of MNT 345 billion . Key highlights include: Market Leadership: Holds dominant market shares in trade finance (60.6%), custodian banking (50.0%), and gold…
Cooperation agreed at the inaugural Mongolia Investment Forum: Shanghai 2026, held at the Grand Hyatt Jin Mao Tower on 27 May SHANGHAI, May 27, 2026 — Envision Energy (“Envision”) and MCS International (“MCSI”) today agreed to jointly develop renewable energy solutions in…
Signing takes place at the inaugural Mongolia Investment Forum: Shanghai 2026, held May 27 at the Grand Hyatt Jin Mao Tower SHANGHAI, May 27, 2026 — Stairway LLC of Mongolia and TZME (Tianjin) Co., Ltd of China today signed a strategic cooperation agreement to establish Gobi…
Capital Markets Mongolia (CMM) hosted the inaugural Mongolia Investment Forum: Shanghai 2026 at the Grand Hyatt Shanghai, the fourth edition of its global series following New York, London, and Singapore.
Discover more about Golomt Bank— and Mongolia’s next big investment story
Discover more about ICFG — and Mongolia’s next big investment story
CMM Guide: Mining Finance featured an interview on mining finance with Mr. Batpurev Ts., CEO of Khan Altai Resources.
This month’s key highlights include: ▫️ Economic Overview: Bank of Mongolia Holds the Policy Rate at 12% ▫️ Story of the Month: Rio Tinto's Oyu Tolgoi Reset: Mongolia Pushes for a Bigger Share of Its Mining Wealth ▫️ Chart of the Month: Mongolia's NBFIs Are Growing Twice as Fast…
This month’s key highlights include: 📊 Economic Overview: Bank of Mongolia Brings Short-Term Foreign Bank Funding Into the Reserve Base 📰 Story of the Month: Mongolia Advances Its Green Energy Transition 📈 Chart of the Month: Top 4 China's Coal Supplier Click on the "…
This month’s key highlights include: 📊 Economic Overview: In Q1 2026, Mongolia’s trade balance delivered a record surplus of $2.41 billion—more than five times the $467 million recorded in Q1 2025.
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