More than 120 foreign investors and representatives from the banking sector of Mongolia gathered for an extended meeting of the Economic Council led by the Prime Minister, dedicated to the initiative Unlock the Mongolian Economy. It is expected that during the meeting, investment agreements and memorandums of understanding will be signed for a total amount of $545 million. The emergence of initial results is already being noted.

PhillipCapital, managing assets worth $65 billion, will open an office in Mongolia. Founded in Singapore in 1975, PhillipCapital is an international financial group operating in 15 countries and serving over 1.5 million clients.

The decision by PhillipCapital to open an office in Mongolia signals confidence in the country's investment climate. This will allow local businesses to establish connections with international investors, expand their capital markets, and open new financing opportunities. Global investors are showing interest in Mongolia, and it is important to maintain this trust through real projects and openness in the economy.

The Hungarian bank OTP Bank has also expressed its intention to open a branch in Mongolia.

Laszlo Wolf, a member of the board of directors of OTP Bank, noted that if the bank begins operations in Mongolia, it will be able to offer investments to finance large projects as well as develop mortgage lending products. He emphasized that the legal environment for entering the Mongolian market requires reforms, and the Prime Minister is already working on improving the legislative framework. This creates additional opportunities for investment in the country and reflects investors' confidence in the ongoing reforms.

The fact that a major financial institution is considering Mongolia as a promising market indicates a growing confidence in the investment environment. Increased competition in the banking sector should lead to improved service quality and a more diverse financial market.

Luis Santos, founder of the investment company Alpac Capital, reported that Mongolia has already created the necessary conditions to attract Western investors. Previously, the country primarily attracted tourists, but now it is also of interest to financial circles. Santos emphasized that a stable environment and efforts to improve governance contribute to growing investor confidence and the need for more active cooperation with Mongolia.

Mongolia continues to move towards a new stage in attracting international investments and financial flows. The extended session Unlock the Mongolian Economy will continue in Ulaanbaatar on June 29-30.

Published Date:2026-06-30