Khan Bank, or the erstwhile Ag Bank of Mongolia, was at one time on the verge of closure. But, today, it is privatised, is Mongolia’s largest bank by assets, loans, deposits and earnings, has 547 branches, 6500 employees, and serves 80% of the country’s households. While 70% of Mongolian households have banking relations with the bank, it serves as much as 98% of the rural communities. It also has 1,500,000 digital banking user base, over 1275 ATMs, some 24,000 merchants, 30,000 POS terminals and 144 kiosks.
From a virtual closure, it has transformed into a bank with $4.7 billion in total assets, becoming a strong economic pillar of Mongolia. Its focused activities today are transaction banking, consumer lending and SME banking.
ENABLING EMPLOYEES
Denne historien er fra January 2022-utgaven av Banking Frontiers.
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Denne historien er fra January 2022-utgaven av Banking Frontiers.
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