The Inspecting Council of the Mongol Bank recently discussed its financial report for 2010 and decided to send a copy of it to the Standing Committee of Parliament. The report says the Bank ended the year with a deficit of MNT253 billion and 805 million, because of currency rate differences. The Council recommended issuing bonds to plug the deficit.
It also decided to prepare a repayment schedule for the MNT116 billion loan taken by the Government.