The Economic Policy and Competitiveness Research Centre (EPCRC) has been analyzing the performance of Mongolia’s banks. The research covered all but one of the country’s banks.  According to the report ‘Overview of Bank Competitiveness-III’, thirteen commercial banks accounted for a total of MNT 242 billion profit. Furthermore, the profit of Mongolian banks increased by MNT 105 billion on the previous year.

The profit of the country’s three big banks has increased by 64 percent, the three medium sized banks by 67 percent; however, other small sized banks’ earnings have decreased by 26 percent. The savings of the thirteen commercial banks was MNT 15.2 trillion.