The State bank ( mn, Төрийн банк, translit=Töriin Bank) was established by government of
Mongolia
Mongolia; Mongolian script: , , ; lit. "Mongol Nation" or "State of Mongolia" () is a landlocked country in East Asia, bordered by Russia to the north and China to the south. It covers an area of , with a population of just 3.3 million, ...
from the assets of 2 failed banks, Anod Bank and
Zoos Bank, of Mongolia in November 24, 2009. It has about 201 to 500 employees. 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.
Locations
* Headquarters: Baga toiruu 7/1, 1st khoroo, Chingeltei District, Ulaanbaatar
See also
*
Bank of Mongolia
The Bank of Mongolia, or Mongolbank (), is the central bank of Mongolia. The main objective of the Bank of Mongolia is to ensure stability of the Mongolian tögrög. Within its main objective the Bank of Mongolia promotes balanced and sustained ...
*
Zoos Bank
Notes
External links
* http://www.statebank.mn/
Banks of Mongolia
Banks established in 2009
Companies based in Ulaanbaatar
Companies in the MSE Top-20 index
{{mongolia-stub