The Mongolian banking sector's net foreign assets declined by 49.9 percent year-on-year to reach 4.9 trillion Mongolian tugriks (1.37 billion U.S. dollars), local media reported on Monday, citing data from the National Statistics Office (NSO).
During the period, the net domestic assets of Mongolia's banks reached 36.6 trillion tugriks (10.24 billion dollars), which represents an increase of 29.1 percent compared to the same period of 2024.
Meanwhile, the cumulative savings within Mongolian commercial banks demonstrated a robust performance, reaching a total volume of 21.9 trillion tugriks (6.12 billion dollars) by the end of April 2025.
It is noted that the dollar savings experienced a substantial uptick, surging by 20.1 percent, while Mongolian tugrik savings exhibited a more modest increase of 17.5 percent.
Currently, there are about 1,500 branches of 11 commercial banks operating in Mongolia.

Published Date:2025-05-19