Government securities available through 5 commercial banks

Ulaanbaatar /MONTSAME/ Last Friday, the Financial Regulatory Commission of Mongolia finalized more than 20 issues on its regular meeting. Khan Bank, Golomt Bank, Trade Development Bank, XacBank and State Bank had their licenses extended to conduct government securities trading services.

The FRC also granted new permits of operations to non-banking financial organizations, namely, “Khan Altain Nuruu”, “Gold Capital Invest” and “Dari Finance” in consideration of their fulfilment of requirement of having base asset of more than MNT 2.5 billion.