Mongolia: Financial System Stability Assessment

International Monetary Fund

No 2011/107, IMF Staff Country Reports from International Monetary Fund

Abstract: The Mongolian financial system is dominated by commercial banks. The nonbank financial sector, including insurance and the stock market, is small. The current level of dollarization exposes Mongolia’s financial system to risk. The authorities are in the process of establishing the Development Bank of Mongolia as a state-owned limited liability company. They should carefully consider the options for financing the Development Bank and their budget and other implications. Aggregate financial soundness indicators for the banking system show a partial recovery from the crisis.

Keywords: ISCR; CR; bank; loan; BOM Bank; financial system; interest rate; a number of bank; banking law; credit risk; bank Supervision department; bank subsidiary; bank group; bank resolution framework; Commercial banks; Loans; Deposit insurance; Credit risk; Asia and Pacific; Global (search for similar items in EconPapers)
Pages: 31
Date: 2011-05-13
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