Earlier today (29 August), the Central Bank of Mongolia (Mongol Bank) held its regular press conference on the statistical performance of the financial sector and its own policy and implementation.

As a part of the IMF programme, an asset quality review on the banking sector has been conducted. The review revealed that Mongolian banks need MNT 510 billion additional capital reserve by the end of 2018.

Since May, four Mongolian banks collectively raised their capital requirements by over MNT 128 billion. This represents 25.2 percent of overall needs.