## Mongolia: Financial System Stability Assessment

_IMF Staff Country Reports, May 13, 2011_

## Source details

**Canonical URL:** [Mongolia: Financial System Stability Assessment](https://www.imf.org/en/publications/cr/issues/2016/12/31/mongolia-financial-system-stability-assessment-24851)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/mongolia-financial-system-stability-assessment-24851/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/mongolia-financial-system-stability-assessment-24851/index.json)
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## Bibliographic details
- Published: May 13, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455275519.002

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### Summary and Key Findings
- 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.
- Aggregate financial soundness indicators for the banking system show a partial recovery from the crisis.

### Financial Structure
- Dominant institution type: commercial banks.
- Nonbank sector composition: insurance and the stock market (described as small).

### Risks and Vulnerabilities
- Dollarization: described as exposing Mongolia’s financial system to risk.

### Development Bank of Mongolia
- The authorities are in the process of establishing the Development Bank of Mongolia as a state-owned limited liability company.
- Recommendation: authorities should carefully consider the options for financing the Development Bank and their budget and other implications.

### Subject Tags and Focus Areas
- Banking, Commercial banks, Credit risk, Deposit insurance, Financial crises, Financial institutions, Financial regulation and supervision, Loans

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## Content in this bundle

- **Mongolia: Financial System Stability Assessment; IMF Country Report 11/107; March 3, 2011**
  - [Mongolia: Financial System Stability Assessment; IMF Country Report 11/107; March 3, 2011 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2011/_cr11107.pdf.md){rel="alternate" type="text/markdown"}
  - [Mongolia: Financial System Stability Assessment; IMF Country Report 11/107; March 3, 2011 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2011/_cr11107.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/mongolia-financial-system-stability-assessment-24851_