On Friday, December 9, 2022, the Financial Regulatory Commission (FRC) approved the listing of ordinary shares of Khan Bank LLC as securities for initial public offering (IPO).

In accordance with the Banking Law and procedures for the reorganization of banks as joint-stock companies, requiring changes to their shareholder structure and share capital following the submission of a plan, reporting, and monitoring, approved by the President of the Bank of Mongolia and the FRC Chair, Khan Bank submitted its listing plans to the Bank of Mongolia, the FRC, and the Mongolian Stock Exchange in April 2022.

As the leading bank in Mongolia, accounting for 32 percent of the Mongolian banking sector’s assets and providing fast and reliable financial products and services to 2.7 million customers through its digital channels and 547 branches nationwide, Khan Bank will officially go public within the timeline outlined in Article 10.1 of the Law of Mongolia on the Securities Market.

Khan Bank – Growing Together