Ulaanbaatar
Current Assets of Top 5 Banks Rise by 27 Percent from Last Year
Economy
Ulaanbaatar, August 5,
2025 /MONTSAME/. The banking sector in Mongolia remained relatively stable
in the first half of 2025. As key economic fields began to recover, the
financial indicators and current assets of the top five banks increased by 27
percent compared to the same period last year, according to the Bank of
Mongolia.
The amount of non-performing
loans has reduced, facilitating a significant increase in lending aimed at
supporting individuals and business entities. The enhanced loan activity,
coupled with the decline in non-performing loans, has contributed to the
stabilization of the banking sector and the notable rise in the number of
citizens opening savings accounts denominated in tugrug, exerting a positive
effect on the exchange rate of the Mongolian tugrug.
Furthermore, despite the 2.4 percent growth in Mongolia's economy in the first half of 2025, the growth performance of the mining sector fell below expectations, adversely affecting sectors dependent on mining activities such as transportation, logistics, and trade.
