3,413.51
Khan Bank has been named the best
commercial bank in the country in 2009. This is the sixth time the bank has
featured among the best 5 banks annually chosen jointly by the Government and
the National Chamber of Commerce and Industry, after assessing their
contribution to the national economy. Also considered were the banks’ financial
performance and the products and services they offered.
commercial bank in the country in 2009. This is the sixth time the bank has
featured among the best 5 banks annually chosen jointly by the Government and
the National Chamber of Commerce and Industry, after assessing their
contribution to the national economy. Also considered were the banks’ financial
performance and the products and services they offered.
Khan Bank’s liquidity ratio increased from 21.8% in 2008 to 42.5% in
2009 while equity adequacy rose from 12.7% in 2008 to 19.3% in 2009, much
higher than the 12% considered prudent by the Central Bank. Khan Bank’s total
deposit increased by 28% over 2008 and it became the first Mongolian bank to
have MNT1 trillion in total assets.
Khan Bank was also honored for “Excellence in Corporate Social Responsibility”,
an award it has won earlier, too. It spent over MNT768 million on programs on
education, arts and culture, and rural and economic development in 2009.
