Улаанбаатар
Working Group Recovers MNT 22 Billion to Protect State Assets
Politics
Ulaanbaatar, December 18, 2025
/MONTSAME/. Head of the State Property Policy and Regulation Department and the Head of the
working group, B. Tsengel presented information on the progress and results of
the working group tasked with promptly recovering and recentralizing assets of
special-purpose funds, state institutions, and state-owned legal entities that
had been placed in insolvent or liquidated banks to prevent losses to the State.
The working group has recovered MNT 22 billion in outstanding debts,
re-centralized assets, and prepared proposals for further measures to prevent
state losses. In connection with the briefing, measures will be taken to ensure
repayment of a non-performing loan extended by the Development Bank of Mongolia LLC
to Khutul LLC. In addition, to resolve issues related to the MNT 275.7 billion
investment made by Khutul LLC in Cement and Lime LLC, Cement Lime LLC will
issue additional ordinary shares to be held by Development Bank of Mongolia LLC.
Furthermore, a 924-square-meter
service and office building valued at MNT 2.9 billion, located in the New
Yarmag residential complex and seized as repayment for Development Bank loans,
as well as a two-story kindergarten building with a total area of 648 square
meters, a capacity of 100 children, and 90 percent completion, offered by Pyramid
Ord LLC as loan repayment, have been placed under the budget of the Minister of
Education and will be used as kindergarten facilities.
