Companies


The State bank

Baga toiruu 7/1, 1st khoroo, Chingeltei District
Contact Person : 
Phone Number : 18001881
https://www.statebank.mn/
contact@statebank.mn

Introduction:

State Bank work towards delivering prompt, comprehensive, internationally accepted and state-of-the-art banking and financial services throughout the country, bolstering array of cooperation, and enabling stable business operation of our customers by its more than 500 branches, 280 ATMs and 2,500 point of sale (POS) merchants throughout Mongolia.

Last year, the total assets of the State Bank stood at MNT 2.9 trillion while the prudential ratios, such as the capital adequacy ratio and liquidity ratio, set forth by the Bank of Mongolia were fully maintained. Within the framework of ensuring implementation of banking sector policies, State Bank has been taking series of measures intended to reduce risks. As a result, the Bank was chosen again as one of the TOP 3 banks in the industry to solidify its previous achievements.

State Bank holds a Banking License issued on 2009.11.23 with number 26 in accordance with section 2 of article 17 of Banking Law of Mongolia and the “Regulation of Bank License” approved by the order No. 375 dated 2000 of the Governor of the Bank of Mongolia.

State Bank LLC undertakes the following activities in accordance with the license issued by Bank of Mongolia. These include:

Deposit,
Loan,
Payments,
To buy, sell and deposit foreign currencies,
To buy, sell and deposit precious metals and stones,
Safe deposit box,
International transfer,
To issue, buy and sell securities
To carrying out foreign settlement services,
Insurance intermediary service,
Funded bank guarantee
No-fund bank guarantee
State Bank solely carries out distribution of over 80 percent of the pensions and more than 100 types’ social welfare and benefits in Mongolia. We take as a guideline for progress and enthusiasm at all levels, through the Unity, Teamwork, Faith and Respect with Professional Ethics.

Keyword:

bank

Video:

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