State Bank Llc (Mongolia)

The Company is principally engaged in commercial banking.
The Company was established with 100 ownership by the decision of Mongolian Government on 19 November 2009. Since the establishment, The Company is delivering wide range of products and risk free, reliable, excellent services with international standards to provide our customers' and small medium business runners' finance needs and demands.
According to the order NO.41 of Board of Directors on 16 August 2013, it is operating with new organizational structure that contains 16 divisions, 37 departments and units with CEO Batsaikhan D., premier deputy CEO Ganbold B. and Deputy CEO Dorjderem T.
The Company aims to establish 4 goals: to become the most risk free bank, to provide excellent services, to have good relationship and to be efficient, profitable and high quality bank. In order to protect its costumer's rights, who trust and cooperate with it, the Bank strives to save and to increase their monetary capital at a dependable market competitive interest rate. It renewed our loan policy rules and decreased required documents by twice and minimized loan decision-making process by thrice for a faster service.
The Company is focusing on technology and risk management policies; furthermore it has successfully completed the installation of modern software to develop its electronic banking services, and to work towards a goal becoming “No branch Bank”, so that its customers can manage all kind of financial services anywhere, anytime without coming personally.
Customers are able to receive 24 hour electronic banking services such as mobile banking, internet banking, and most money through their mobile or internet devices, moreover the Bank introduced the first TV banking service which enables customers to obtain banking services from their TV.
On 22 July 2013, the board od Directors of BoM passed a resolution to officially abolish the Khadgalamj Bank (Savings Bank) through a process whereby the Bank acquired certain executed on 23 July 2013 with Savings Bank s receivership appointed by BoM. Savings Bank was an unlisted company based in Ulaanbaatar and operated as a retail bank of 503 branches and 3268 employees as of 22 July 2013.
The company is listed on mongolia stock exchange on 1st Sept 2022.