Capital Bank dissolved by decision of Bank of Mongolia
On
April 8, the Bank of Mongolia (BoM) made a decision to dissolve the Capital
Bank and ceased its operation as the bank failed to fulfill its duties to take required
actions, pay out funds to its customers on their first demand, immediately conduct
inter-bank transactions, and maintain its reserve requirement and liquidity in the form
and amount required,
thus, became unable to perform normal operations.
2212 days
Ulaanbaatar
