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ASSOCIATION
MONGOLIAN
BANKERS
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GREETINGS FROM THE PRESIDENT
I am honored to extend my warmest
greetings to all of you on behalf of
the Mongolian Bankers Association
(MBA) members and financial sector
community.
The MBA is a professional and
experienced organization, initiated
by commercial banks in 2000,
which extensively contributed to
the development and growth of the
financial sector of Mongolia, it has
been the voice of banking and financial professionals.
The vision and mission of MBA focuses on its leadership role in the banking
and financial sector to ensure the sustainable social development and
equitable economic growth in Mongolia, as well as aspiring to make the
country as a regional financial centre.
In recent years, Mongolia has been at the centre of attention of the World,
especially the global financial institutions and foreign investors in terms
of its increasing opportunities in abundant mineral wealth and accelerated
economic growth. The international research forecasts a positive outlook
within 5 years that the economy of Mongolia will increase two to three times,
while the banking and financial market will be expanding rapidly to foster the
demand for new financial instruments and products. Whereas, Mongolia is
standing at the edge of such optimistic prospects in its economic and financial
sector growth, the dynamic engagement of banking and financial community
will be ultimately essential.
In order to achieve its challenging vision set forth on professional values,
the MBA has been steadfastly aligning not only the commercial banks, but
also various non-bank financial institutions. Moreover, international financial
and global banking institutions, already running or intending to operate in
Mongolia, have also joined their efforts in our organization.
At present, the MBA extended its ever-growing network to over 20 members,
including the banking and non-bank institutions, Credit Information Bureau,
Credit Guarantee Fund, Banking and Finance Academy, Mongolian Mortgage
Corporation, Deposit Insurance Corporation. Thus, forging a nationwide
membership representing the financial sector community in Mongolia, striving
for corporate governance and management excellence and in partnering for
progress with its international counterparts.
I would like to call upon the public policy makers, governments, civil society
organizations, mass media, and other private sector corporations, institutions,
to extend their invaluable support to our current endeavour for advancement
of the financial market and participate actively in financial sector development
in the country as well as in this region.
With best of our regards,
BOLD Magvan
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MISSION
The MISSION of the Association is to provide
strategic policy support to the financial
stability, development and advancement of
national payments system and the capital
markets, and to facilitate the transfer and
localization of the best international financial
technology.
VISION
The VISION of the Association is to lead the
banking and financial sector in support of
the sustainable development and equitable
economic growth of Mongolia, and to
contribute substantially to the development
of our country as the international financial
center in this region.
MEDREE Balbar
Vice President,
Board Member
Norihiko KATO
Vice President,
Board Member
CHINGUN Munkhsaruul
Vice President,
Board Member
NAIDALAA Badrakh
CEO and Secretary - General
OBJECTIVES:

Ensure the legal rights and common interests
of its members;
Align the actions and engagements of
members on policy issues tackled in the
banking and financial sector;
Demonstrate leadership in developing
financial sector as profitable and healthy and
engage the extensive contribution of members.



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The Mongolian Bankers Association is an
independent, non-profit and non-government
organization established in 2000. It has currently
expanded as a professional association with over
20 members including 13 commercial banks, The
Developmant Bank of Mongolia, Credit Mongol
non-banking institution, Credit Information Bureau,
Credit Guarantee Fund, Banking and Finance
Academy, Mongolian Mortgage Corporation,
Deposit Insurance Corporation, foreign financial
and banking institutions.
Considerable efforts were made to amplify
the cooperation with the international bankers
associations, namely with ARB, CBA, JBA, and
affiliated with Asian Bankers Association and
International Financial Institution.
Furthermore, with regard to facilitate and
leverage the financial development of Mongolia,
it has initiated and established the Banking and
Finance Academy, Credit Information Bureau,
Credit Guarantee Fund and Mongolian Mortgage
Corporation in cooperation with its members.
Weekly newsletters have been published since
the first quarter of 2007 to provide a network
for members to exchange views and offer
opportunities for effective communication, timely
deliver news to their customers and legal entities
and to efficiently promote the operation of the
Association.
Currently the MBA WEEKLY NEWSLETTER is
delivered online to its subscribers and through
the website www.mba.mn and other social media
channels (@mongolianbanker channels).
To amplify the status as the professional association
for banking and financial professionals, the risk
management, legal, human resource, special
asset management and marketing professional
councils were set up by the Secretariat of the
Association. The professional councils have
enabled the banking and financial officers to
effectively share their knowledge and experience
in the field of interests, determine and foresee the
challenges and urgent issues in the sector and
seek for solutions.
The MBA Secretariat chaired by the Chief
Executive Officer coordinates the daily operation of
the Association in conformity with the resolutions,
decisions and directions by the Board of directors.
ABOUT THE ASSOCIATION
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STRUCTURE OF ASSOCIATION
COMPOSITION OF THE
BOARD OF DIRECTORS

The MBA board of directors is
composed of the President, Vice
Presidents and Chief Executive
Officers of member institutions. The
meeting of the board of directors is
held no less than once a quarter.
The representative of supporting members
can be involved in the board component
through the candidature and appointment
as a Vice President.
President
Vice Presidents
CEO and Secretary - General
Secretariat
Board of Directors
Assembly
Audit Committee
Professional councils
SECRETARIAT
OTGON-AYUSH Lkhagva
Manager, Finance and Operations
NAMJILMAA Chuluunbaatar
Manager, Legal and Partnership
BAYARMAGNAI Baasansuren
Manager, Information and Partnership
NOMINDARI Enkhtur
Manager, International Relations and Partnership
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MEMBERSHIP
OPPORTUNITIES
HOW to
become
A MEMBER?
Membership in the Mongolian Bankers Association is open to a wide variety of
organizations with interests in finance and emerging markets. The Association
membership is classified upon engagement and partnership/cooperation in
the major functioning of the Association including:
Principal member
Supporting member
Associate member
Principal member refers to a legal entity authorized on commercial banking
operation in the territory of Mongolia by the Bank of Mongolia and the foreign
bank set up its branch.
Supporting member refers to a non-banking and financial institution
authorized to enforce the full power stipulated under the charter and registered
as a supporting member by the Association and the representative office of a
foreign bank.
Associate member refers to an institution which complies with the objectives
and cooperation to conduct training and research on the development and
provide information to the principal member institutions of the Association,
facilitates in improving the qualification of or training the employees of the
principal members of the Association or implements as the same course of
action as the Association or runs independent financial business and has
fostered partnership.
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(1) The filled out membership application
delivered to the Secretariat of the Association.
The application can be downloaded at
www.mba.mn or obtained in the office of the
Secretariat..
(2) The request is received by the Secretariat of the
Association and discussed at the Board of Directors
meeting for consideration.
(3) Upon the request approval by the Board of Directors,
the letter of document confirming the membership is
delivered to the applicant institution.
(4) Upon the payment of membership tax to the
Association, the benefits and advantages are
received depending on the membership status.
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POLICY ADVOCACY
During general meetings members jointly identify
issues that relate to banking and finance in the
regional and international arena. The association
engages in the development, adaptation and
enforcement of legislation, policy and regulation
by the State representing the common interests
and rights of the Members, protects the legal
rights of the Members from illegal acts, and
provides legal assistance and counseling at the
request by members.
INFORMATION PROGRAM
The Association provides the members with
timely and objective multi-purpose information
on international and local banking and financial
sector research and conduct survey on the
economic and banking system, financial
market development, trend, banking and
financial operation to make analyses, develops
recommendation and presents to members.
Furthermore, the Association is always available
for informal consultations to provide assistance
in launching best practice, new product, service
and technology of international banking and
financial institutions.
EVENTS AND TRAININGS
TThe Association conducts tailored training
programs and workshops for the capacity building
of the management and human resource, provides
information on local and international trainings,
ensures the involvement opportunities and holds
meetings, panel discussion, interview, seminars
and professional special purpose meetings.
MBA annual meetings are very effective tools
for exchanging knowledge and ideas among
members.
RELATIONSHIP AND NETWORKING
MBA continuously strengthens relationship
with local banking and financial institutions
and associations as well as with those in other
regions and countries outside Mongolia. MBA
offers a wide network to connect with Mongolian
top Banks, policymakers and officials to engage a
meaningful discussion.
Professional leadership and
participation in the banking and
financial sector
WHY
MEMBERSHIP?
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Banking and financial sector legislations reform
MBA established and has been implementing the Banking and financial sector legislations reform
since 2013. Under the framework, the research or review will be conducted on legislations of banking
and financial sector that are considered as urgent or requiring amendments or revision.
For instance, efforts have been made to improve the legal environment of banking institutions and the
legal status of collateral, rationalize the issues that are integral part of banking practice including the
taxation, accounting, court decision enforcement and deliver proposals on legislations as required..
Mongolian Sustainable Finance Initiative
The Mongolian sustainable finance program has been initiated by the members of MBA and the
prospective implementation will allow all banks to conduct the environmental and social impact
assessment to provide finance. It is strongly believed that the requirements set forth will enable the
conservation and environmental protection and will significantly contribute to the development of
green economy. Under the framework of the program, 8 principles of socially conscious, environ-
mentally friendly and sustainable financing have successfully been developed and at present we are
committed to establish the guideline and other policy paper on four fields.
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PRINCIPAL MEMBER
ASSOCIATE MEMBER
SUPPORTING MEMBER
DEPOSIT
INSURANCE
CORPORATION