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Trading

List Of Investment Banks In Mongolia

Published by Gbaf News

Posted on October 31, 2012

1 min read

· Last updated: June 11, 2018

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Banking Investment Banking Digital banking
Anod Bank
Golomt Bank
Khan Bank
The Bank of Mongolia
Trade and Development Bank of Mongolia
World Bank in Mongolia
XacBank
Zoos Bank

Key Takeaways

  • Mongolia’s major commercial banks include Trade and Development Bank, Golomt Bank, Khan Bank, and XacBank, offering various services including investment banking.
  • Mongolia International Capital Corporation (MICC) is the country’s first full-service investment bank and brokerage firm.
  • Zoos Bank was a former commercial bank that was liquidated due to insolvency in 2009–2021.
  • The World Bank is not an investment bank in Mongolia but operates as an international financial institution providing development financing.

References

Frequently Asked Questions

Is the World Bank an investment bank in Mongolia?
No, the World Bank is an international financial institution that provides development funding, not a commercial or investment bank in Mongolia.
Which bank is Mongolia’s first full‑service investment bank?
Mongolia International Capital Corporation (MICC), founded in 2005, is the country’s first full‑service investment bank and brokerage firm.
What happened to Zoos Bank?
Zoos Bank became insolvent and was taken over by the government in 2009, subsequently delisted in April 2021.

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