Khan Bank’s total assets have risen a hundredfold since August 2000 when Mongolbank receivers turned over the bank to the current management team. They now stand at a record MNT1 trillion from the MNT10.1 billion nine years ago. Khan Bank delivers financial services nationwide through its 488 branches.
Other financial indicators of the bank that achieved record results in the local banking industry have continued to improve over the years. The bank’s liquid assets reached MNT382.1 billion as of October 31, up from MNT184.2 billion at the end of 2008.
The increase in total assets will boost the confidence of customers and the public in the banking system, and enhance the bank’s ability to offer a greater variety of products and services to its customers. Khan Bank has decreased its loan interest rates in relation to the increase in assets, so that it can support its clients in growing their business and increasing their profitability by making available credit at competitive, low rates.
Source: BCM - www.khanbank.com
