Mongolia : Financial System Stability Assessment

Publication Date: May 13, 2011
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Summary: The Mongolian financial system is dominated by commercial banks. The nonbank financial sector, including insurance and the stock market, is small. The current level of dollarization exposes Mongolia’s financial system to risk. The authorities are in the process of establishing the Development Bank of Mongolia as a state-owned limited liability company. They should carefully consider the options for financing the Development Bank and their budget and other implications. Aggregate financial soundness indicators for the banking system show a partial recovery from the crisis.
Series: Country Report No. 11/107
Subject(s): Bank resolution | Bank restructuring | Bank supervision | Banking sector | Combating the financing of terrorism | Credit risk | Deposit insurance | Financial soundness indicators

Publication Date: May 13, 2011
ISBN/ISSN: 9781455275519/1934-7685 Format: Paper
Stock No: 1MNGEA2011003 Pages: 31
US$18.00 (Academic Rate:
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