The State bank (Mongolian: Төрийн банк, romanized: Töriin Bank) was established by government of Mongolia from the assets of 2 failed banks, Anod Bank and Zoos Bank, of Mongolia in November 24, 2009.[1] It has about 201 to 500 employees.[2] In July 2013, the government of Mongolia combined the 5th-largest bank, Savings Bank, with the State Bank after Savings Bank failed due to a large bad loan to its parent company, Just Group, and previous losses from acquiring Mongol Post Bank, at a cost to the state of $122 million. All 503 branches and 1.7 million customers were transferred to State Bank.[3]
 | |
| Type | Commercial bank |
|---|---|
| Location |
|
Region served | Nationwide |
Membership | Bank of Mongolia |
| Website | http://www.statebank.mn |
Locations
edit- Headquarters: Baga toiruu 7/1, 1st khoroo, Chingeltei District, Ulaanbaatar
See also
editNotes
edit- ^ "State Bank Description". State Bank. Retrieved 2012-06-19.
- ^ "State Bank Description". State Bank. Retrieved 2012-06-19.
- ^ "Mongolia to Take over Savings Bank as Fifth-Largest Lender Fails". Bloomberg.com. 22 July 2013.
External links
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