Officials of the Mongol Bank yesterday announced that the Bank’s
President, L. Purevdorj, has asked every commercial bank to have a minimum
equity base of MNT16 billion, or double the present figure. The order was
issued before Naadam and has to be implemented before May 1, 2013.

This is the latest in similar moves by the Central Bank. The mandatory
minimum equity base was raised to MNT8 billion from from MNT4 billion in May,
2006.