IMF Staff Country Reports

Mongolia: Financial System Stability Assessment

May 13, 2011

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Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "Mongolia: Financial System Stability Assessment", IMF Staff Country Reports 2011, 107 (2011), accessed November 21, 2024, https://doi.org/10.5089/9781455275519.002

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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.

Subject: Banking, Commercial banks, Credit risk, Deposit insurance, Financial crises, Financial institutions, Financial regulation and supervision, Loans

Keywords: A number of bank, Asia and Pacific, Bank, Bank group, Bank resolution framework, Bank subsidiary, Bank Supervision department, Banking law, BOM Bank, Commercial banks, CR, Credit risk, Credit risk, Deposit insurance, Financial system, Global, Interest rate, ISCR, Loan, Loans

Publication Details

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