On January 29, 2021, the State Great Khural (the Parliament of Mongolia) approved comprehensive amendments to the Banking Law. Under the Amended Banking Law, commercial banks will be required to become publicly traded companies listed on the stock exchange, and Khan Bank supports this change and prepares to implement it.
Khan Bank has 550 branches across Mongolia and is ranked in the top spot for digital banking in the country, providing banking and financial services through its digital channels. Khan Bank has one third of the total assets of Mongolia’s banking sector, and we have been consistently strengthening our position to become Mongolia’s leading bank with strong financials and great stability.
As Khan Bank serves the largest number of customers in Mongolia and is deemed a systemically important bank, we recognize the importance of providing an opportunity for every investor to own the Bank’s shares in a transparent and open manner.