1 16 KILLED IN WATER-RELATED ACCIDENTS IN MONGOLIA SO FAR THIS YEAR WWW.XINHUANET.COM PUBLISHED:2025/06/19      2 ADB LAUNCHES 2ND MONGOLIAN TOGROG BOND IN 2025 WWW.XINHUANET.COM PUBLISHED:2025/06/18      3 G.ZANDANSHATAR: ONE-THIRD OF PREVIOUS GOVERNMENT RETAINED TO CONTINUE MEGA PROJECTS WWW.GOGO.MN PUBLISHED:2025/06/18      4 EBRD LENDING UP TO MNT 26.2 BILLION TO SUPPORT MONGOLIA’S AUTOMOTIVE SECTOR WWW.EBRD.COM PUBLISHED:2025/06/18      5 NEW TRADE AVENUES OPEN WITH SINGAPORE WWW.UBPOST.MN PUBLISHED:2025/06/18      6 THE MONGOLIAN BILLION TREE FOUNDATION HAS MADE A CONTRIBUTION TO THE “THE GREAT KHAANS’ GARDEN” WWW.BILLIONTREE.MN PUBLISHED:2025/06/18      7 CHINA-MONGOLIA BORDER RAILWAY BEGINS PILING WWW.CEIC.COM PUBLISHED:2025/06/18      8 STATE GREAT KHURAL MEMBERS MEET IMF STAFF TEAM WWW.MONTSAME.MN PUBLISHED:2025/06/18      9 STATEMENT BY BATSETSEG BATMUNKH MINISTER OF FOREIGN AFFAIRS OF MONGOLIA (ON HER SOCIAL MEDIA PLATFORMS) WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2025/06/17      10 MONGOLIA ISSUES E-VISAS TO 11,484 FOREIGNERS IN FIRST 5 MONTHS WWW.XINHUANET.COM PUBLISHED:2025/06/17      Б.ЖАВХЛАН: 2025 ОНЫ ТӨСВИЙН ХӨРӨНГӨ ОРУУЛАЛТЫН ЗАРДЛЫГ 535 ТЭРБУМ, УРСГАЛ ЗАРДЛЫГ 1.8 ИХ НАЯДААР БУУРУУЛНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/19     А.ТӨМӨРИЙГ ЭРГҮҮЛЭН ТАТАХГҮЙ БАЙСААР БҮРЭН ЭРХИЙН ХУГАЦАА НЬ ДУУСАЖ, ТАЛИЙГААЧИЙН ХЭРЭГ МАРТАГДАВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/19     БНХАУ-ААС КОКОСЖСОН НҮҮРС ТАТВАЛ АДАГЛААД БАРЬЦАЛДУУЛАГЧИД 300 ТЭРБУМ ЗАРАХГҮЙ, УГААРТАХ ЭРСДЭЛ+АГААРЫН БОХИРДОЛ БУУРНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/19     МОНГОЛБАНК БЭЛЭГ ДУРСГАЛЫН ЗОРИУЛАЛТТАЙ АЛТАН ГУЛДМАЙГ ХУДАЛДААНД ГАРГАНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/18     ЗАСГИЙН ГАЗРЫН САЙД НАРЫН БОЛОВСРОЛ, НАМТАР WWW.GOGO.MN НИЙТЭЛСЭН:2025/06/18     ЗЭСИЙН ХҮДЭР, БАЯЖМАЛЫН ЭКСПОРТ 701.8 САЯ АМ.ДОЛЛАРООР НЭМЭГДЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/18     ТЭРБУМ МОД ҮНДЭСНИЙ ХӨДӨЛГӨӨНИЙГ ДЭМЖИХ САН “ИХ ХААДЫН ЦЭЦЭРЛЭГТ ХҮРЭЭЛЭН”-Д ХУВЬ НЭМРЭЭ ОРУУЛЛАА WWW.BILLIONTREE.MN НИЙТЭЛСЭН:2025/06/18     Д.АМАРБАЯСГАЛАН: ТӨРИЙН БИЗНЕС ДАНХАЙДАГ БИШ, ХАРИН ИРГЭДИЙН БИЗНЕС НЬ ЦЭЦЭГЛЭДЭГ ЭРХ ЗҮЙН ШИНЭТГЭЛИЙН БОДЛОГО БОЛОВСРУУЛЖ, ШУУРХАЙ ОРУУЛЖ ИРЭХ ХЭРЭГТЭЙ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/18     Х.НЯМБААТАР: ӨНГӨРСӨН ОНД ХОТ МӨНГӨ БОСГОЖ, ЭРЧИМ ХҮЧИНД ХӨРӨНГӨ ОРУУЛСАН УЧИР ИРЭХ ӨВӨЛ ЦАХИЛГААНЫ АСУУДАЛ ҮҮСЭХГҮЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/18     ЗАСГИЙН ГАЗАР БА ОЛОН НИЙТИЙГ Н.БААСАНДАМБА "ХОЛБОНО" WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/18    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Mongolian politician gets lobbying help in mining corruption probe www.foreignlobby.com

A law firm representing a former Mongolian official caught up in an investigation into alleged corrupt mining payments connected to one of the world’s largest copper and gold deposits is launching an international pressure campaign to get the charges dropped.
Amsterdam & Partners has defended former prime minister Chimed Saikhanbileg for the past year against what the firm calls a “series of fabricated criminal charges aimed at weakening democratic opposition in the country and seizing control over the country’s mineral wealth.” Now the firm, which is based in Washington and London, has also registered as a foreign agent for Saikhanbileg as it prepares to advocate on his behalf with policymakers and the media in the United States and abroad.
In addition to its pre-existing legal representation, the firm will now offer pro bono services that aim to influence US policy “by highlighting the declining state of the rule of law and the increasing incidents of human rights abuses in Mongolia under the current government,” Amsterdam said in its lobbying filing with the US Department of Justice. The firm “plans to carry out these activities by means of lobbying, promotion, public relations and preparation and dissemination of informational materials.”
A member of the opposition Democratic Party, Saikhanbileg served as prime minister in 2014-2016, helping to oversee the expansion of Anglo-Australian mining giant Rio Tinto‘s Oyu Tolgoi copper mine. The site, the largest financial undertaking in Mongolia’s history, is on track to become the fourth largest copper mine in the world by 2030.
“While the Mongolians are looking for a better relationship with the United States, they seem to be consistently backpedaling when it comes to rule of law.”
Saikhanbileg was arrested and briefly detained by Mongolia’s anti-graft agency in the spring of 2018 along with former prime minister Bayar Sanj, who helped negotiate the original 2009 agreement to develop the Oyu Tolgoi mine. The two men are accused of misusing their power in helping broker the investment and development deals unlawfully and without approval from the Mongolian parliament.
The probe was launched after the leaked Panama Papers revealed transfers to a Swiss bank account in the name of former Mongolian finance minister Bayartsogt Sangajav, who is also under investigation.
Part of the lobbying and public relations push is the dissemination of a 48-page white paper that details what Amsterdam & Partners calls the “persecution” of Saikhanbileg and warns of democratic backsliding in Mongolia.
“Mongolia is at a crossroads,” the white paper argues. “Long hailed as an ‘oasis of democracy’ in a difficult region of the world, there are worries that
this may be changing. Threats to the judicial independence of Mongolia’s courts and the instrumentalization of the country’s anti-corruption body and public prosecutor to serve political ends have set off alarm bells both inside Mongolia and throughout the international community.”
In an interview with Foreign Lobby Report on Monday, Amsterdam & Partners founder Robert Amsterdam said Saikhanbileg was “horribly treated” by current President Khaltmaagiin Battulga. Amsterdam said his firm aims to create political pressure on the government of Mongolia so it will drop the charges and Saikhanbileg, who has lived in the United States since being allowed to travel for urgent medical attention in 2019, can return home.
“These are allegations that have nothing to do with him personally. They have to do with the policies that he was involved in dealing with, and allegations that he abused his power by engaging in negotiations that were incredibly beneficial for the country,” Amsterdam said. “While the Mongolians are looking for a better relationship with the United States, they seem to be consistently backpedaling when it comes to rule of law.”
Amsterdam is registered as a foreign agent on the account along with lawyer Andrew Durkovic.
Julian Pecquet contributed to this report.
BY: Mikayla Easley
Mikayla Easley is a graduate student at the University of Missouri researching U.S. media coverage of Russia. In the past she’s worked at the Columbia Missourian and Vox Magazine as a reporter and editor, covering state government, public health and public safety. She is also a proud University of Michigan alumna.
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Government aiming to provide housing accommodations to population www.montsame.mn

Ulaanbaatar /MONTSAME/. On February 2, Prime Minister of Mongolia L.Oyun-Erdene, accompanied with government officials met with representatives from business entities and non-government organizations engaged in the construction industry in the country.
At the outset of the meeting, the newly-appointed Prime Minister highlighted that the government of Mongolia will give all round support to implement its policy to provide its population with housing accommodations. “For instance, a working group will be formed composed of representation from all sides in connection with the development of ‘Youth – 1, 2, and 3’ public housing projects of apartment complexes.”
Citizens who are provided with opportunities to live in housing apartment and access to quality healthcare services and educated are the key to build a ‘wealthy’ middle class, considers the PM.
After briefly introducing about Singapore’s experience in public housing, PM Oyun-Erdene exchanged views on how to achieve productive cooperation through public-private partnership with the participants of the meeting, and heard their views on pressing issues.
Representatives from the Mongolian National Construction Association assured that more than 160 entities and 100,000 employees are committed to contribute to carry out the government’s goal to provide 150,000 household families with housing, which was reflected in the government’s action plan. The representatives further stressed the importance of upgrading and expanding urban infrastructure and services and tackling issues surrounding property and land use in order to put the goal to increase apartment areas into action.
Mayor of Ulaanbaatar city D.Sumiyabazar who was present at the meeting noted that the capital city has pledged to provide its citizens with green and affordable housing apartments equipped with advanced technologies and that correspond with their income.
Minister of Finance B.Javkhlan assured that the ongoing housing mortgage program will continue as normal in the next four years and around MNT 60 billion of loan is expected to be disbursed to borrowers each month, and advised the construction companies to arrange their working plan in accordance with this.
After hearing the positions of all sides at the meeting, Prime Minister Oyun-Erdene has informed that a working group will be established, headed by Chief of Cabinet Secretariat Ts.Nyamdorj and comprised of representatives from corresponding government ministries, the Bank of Mongolia and nongovernmental sector.
He highlighted that young families in Mongolia as well as more than 200,000 families living in Ger districts in Ulaanbaatar city often find it hard to purchase apartments under the government’s housing mortgage program with 30-percent down payment and vowed to implement a long-term policy with 9 goals and 47 targets, which seeks to solve urban infrastructure challenges and build satellite cities in areas located 25 kilometers within Ulaanbaatar city, such as Bagakhangai, Terelj, Aerocity, Baganuur, Emeelt and so forth. When doing so, development of the satellite cities will be shaped under various categories of tourism, agriculture and trade, etc.
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MNT 1.7 trillion to be spent in 2021 on curbing the pandemic www.montsame.mn

Ulaanbaatar /MONTSAME/ In 2020, MNT 2.4 trillion was spent from the state budget on preventing and combating COVID-19 pandemic and reducing its adverse impacts to the society and economy while MNT 1.7 trillion is budgeted for this year.
At its irregular meeting dated on February 1, the Financial Stability Council discussed this matter as well as measures taken within it by the Government, the Bank of Mongolia (BoM) and the Financial Regulatory Commission (FRC), their results, current condition of thestate budget and economy and further planned actions.
In addition to how to effectively activate economy in the future, they talked over the outcomes of the ongoing decisions including decreasing monetary policy rate and banks’ reserve requirement ratio each to 6 percent, putting off loan repayment by the citizens and entities until July 1, 2021, postponing repayment of mortgage loan and encouraging SMEs and non-mining exports by providing loan source with long-term re-financing.
Minister of Finance B.Javkhlan, President of the BoM B.Lkhagvasuren, Chairman of the FRC D.Bayarsaikhan, Executive Director of the Deposit Insurance Corporation D.Duulal and other officials attended the meeting.
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UK makes formal request to join trans-Pacific trade deal www.reuters.com

LONDON (Reuters) - Britain made a formal request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on Monday, seeking membership of the 11-country deal to open new avenues for post-Brexit trade.
Announcing the move, trade minister Liz Truss said it would position Britain “at the heart of some of the world’s fastest-growing economies”.
The request comes on the first anniversary of Britain’s formal departure from the European Union before a transition period that ended at the end of 2020.
Britain is now adapting to the new terms of trade with the European Union, where frictionless trade has been replaced with a thin agreement that, in many cases, is making exporting to the EU more complicated and expensive
The CPTPP removes 95% of tariffs between its members: Japan, Canada, Australia, Vietnam, New Zealand, Singapore, Mexico, Peru, Brunei, Chile and Malaysia.
Britain has argued that the principle benefit of leaving the EU is the freedom to strike trade deals around the world, and is moving quickly to try and find a consensus on the need to revitalise global trade after a period of increased nationalism.
Reporting by Michael Holden, writing by William James; editing by Costas Pitas and Kate Holton
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Gazprom Sets Record High Gas Exports to Europe www.themoscowtimes.com

Russia’s gas exports to Europe hit a record high in January, according to analysts at VTB Capital, as pressure over the controversial Nord Stream 2 pipeline continues to mount.
Gazprom — Russia’s state-controlled monopoly gas exporter — delivered 19.4 billion cubic meters (bcm) to Europe in January, the Interfax news agency reported Monday. That is a 45% increase in deliveries compared with the same month in 2020, and a record high for monthly European shipments, VTB Capital analyst Dmitry Loukashov said.
At current spot prices for gas, the deliveries have a market value of more than $4.5 billion.
The record comes as Western pressure on Germany to ditch the Nord Stream 2 pipeline grows following the poisoning and arrest of Kremlin critic Alexei Navalny. European ally France on Monday added its voice to those urging Berlin to ditch the 10-billion-euro project, which is almost complete but has been frustrated by multiple U.S. sanctions efforts to stop Western ships and insurance companies cooperating with the construction.
The pipeline would double Gazprom’s capacity to pipe gas directly to Germany under the Baltic Sea, reducing reliance on the current transit route through Ukraine. Opponents to the project say it has a geopolitical element and would increase Europe’s reliance on Russia and the Kremlin for its energy supplies.
Gazprom’s shipments to China, which commenced at the end of 2019 through the high-profile Power of Siberia pipeline, also continued to rise, Loukashov noted, surpassing contracted volumes to hit 1bcm in January.
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Mongolia's COVID-19 cases surpass 1,800 www.xinhuanet.com

Feb. 1 (Xinhua) -- Mongolia on Monday reported 35 new COVID-19 cases in the last 24 hours, bringing its total infections to 1,814, the country's National Center for Communicable Diseases (NCCD) said.
The latest confirmed cases were locally transmitted or detected in the country's capital Ulan Bator, the NCCD said in a statement.
Meanwhile, 25 more patients were discharged from hospitals after full recovery, bringing its total recoveries to 1,358, it said.
The Asian country has recorded two COVID-19-related deaths since it confirmed its first case of COVID-19 in March 2020. Enditem
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The first working group meeting for developing Integrated National Financing Framework for sustainable development held www.mn.undp.org

Ulaanbaatar, 1 February 2021 – The integration and inclusion of Sustainable Development Goals (SDGs) in the national development goals and priorities is vital in accelerating SDGs achievement in Mongolia by 2030. Ministry of Finance and UNDP led technical working group on developing an Integrated National Financing Framework (INFF) for sustainable development organized its first meeting. With the support from United Nations and European Union, increasing number of countries including Mongolia are pioneering the INFF development nationally.
The working group facilitates participation of wide range representatives including development financing, policy makers, international organisations and private sector to generate and engage in more frequent dialogue among these representatives who are driving national development.
INFF will support aligning of the national development policies with financing through mobilizing private sector resources for national development while enhancing the efficiency of various public financial sources to accelerate the achievement of the SDGs and national development priorities.
The financing strategy will build on the ongoing public financial management reform with strategic focus on private sector financing. The private sector financing, prioritized in Mongolia’s INFF development, can be effectively leveraged to address many of the development challenges including creating jobs, promoting businesses and investment and addressing the climate-related risks and challenges.
‘The Government of Mongolia is placing significant importance to the development of INFF and included it in the Government’s Action Programme 2020-2024 to be developed and implemented in partnership with various stakeholders under the Ministry of Finance’s leadership” said Ms. S. Mungunchimeg, the Deputy Minister of Finance.
“The INFF development is very timely as Mongolia and many others are facing formidable challenges due to Covid-19 pandemic that is threatening not just to slow down but to roll back Mongolia’s progress toward the SDGs. The INFF will have to play a vital role in the coming years in mitigating and addressing these challenges” said Nashida Sattar, UNDP Mongolia Deputy Resident Representative.
The working group is planning to present the draft INFF roadmap in June 2021.
***
UNDP is the leading United Nations organization fighting to end the injustice of poverty, inequality, and climate change. Working with our broad network of experts and partners in 170 countries, we help nations to build integrated, lasting solutions for people and planet. Learn more at mn.undp.org or follow at @UNDPMongolia.
For media inquiries:
Erdenesukh Otgonbayar
Communications Analyst | UNDP | Tel: +976-
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Opening of New IMF Regional Capacity Development Center for the Caucasus, Central Asia, and Mongolia www.imf.org

Washington, DC: The Caucasus, Central Asia, and Mongolia Regional Capacity Development Center. The CCAMTAC is the newest addition to the IMF’s global network of now 17 regional capacity development centers. Following the signing of the Letter of Understanding between the Governor of the National Bank of Kazakhstan Erbolat Dossaev and the IMF Managing Director Kristalina Georgieva on December 14th of 2020, the inaugural CCAMTAC steering committee meeting met on January 28 and endorsed the launch of the center starting February 1, 2021, as well as a work program for its first few months of operation.
Based on a comprehensive assessment of member countries’ Capacity Development priorities, the CCAMTAC will host seven long-term advisors focusing on the following areas:
· Macroeconomic analysis: macroeconomic frameworks for financial programming, forecasting and policy analysis.
· Fiscal policy: public financial management, macro-fiscal issues, revenue administration.
· Monetary and financial sector: central bank operations and financial regulation and supervision.
· Macroeconomic statistics: national accounts, prices, and government-finance and debt statistics.
The center will cooperate closely with IMF Headquarters and regional training centers, in particular the Joint Vienna Institute (JVI), Singapore Training Institute (STI) and China-IMF Capacity Development Center (CICDC), to maximize synergies between training, hands-on technical assistance, and peer exchanges.
Kazakhstan, the host country, is a major contributor to the CCAMTAC, along with other member countries, development partners, and the IMF. Switzerland, Korea, Poland, and the Asian Development Bank are the first development partners to have contributed, and additional contributions to the center’s five-year budget are expected soon.
Ms. Aliya Moldabekova, Deputy Chairperson of the National Bank of Kazakhstan and Chairperson of the inaugural steering committee meeting noted “that Kazakhstan will be honored to host the center in Almaty and looks forward to its physical opening and a close collaboration in the region”.
Mr. Jihad Azour, Director of the IMF’s Middle East and Central Asia Department stressed “the IMF’s commitment to step up its strategic engagement with the region through the CCAMTAC, and to make it a center for innovation”.
In summarizing CCAMTAC’s vision, IMF Deputy Managing Director Sayeh noted “together we want to set-up a modern 21st century regional capacity development center. By collaborating closely, I am confident that CCAMTAC will be able to address existing and emerging needs and contribute to a strong and sustainable recovery from the unprecedented crisis that has affected us all.”
Background Information
A global network of now seventeen regional technical assistance and training centers anchor IMF support for economic institution building and are complemented by global thematic funds for capacity development. They are financed jointly by the IMF, external development partners, and member countries.
Follow IMF Capacity Development on Social Media:
Twitter: @IMFCapDev Facebook: IMFCapacityDevelopment
IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: NADYA SABER
PHONE: +1 202 623-7100EMAIL: MEDIA@IMF.ORG
@IMFSpokesperson
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Parliament adopts amendments to Banking Law www.montsame.mn

Ulaanbaatar /MONTSAME/. At its plenary session held on January 28, 2021, State Great Khural, parliament of Mongolia, approved amendments to the Banking Law of Mongolia. 90.9 percent of 55 members present at the meeting of the parliament’s autumn session voted in favor of the changes to the Banking Law.
Amendments to several laws, including the Law on Savings at Banks, Law on Central Bank, Banking Sector Stability Law and other regulations that accompany the amendments to the Banking Law were also approved at the parliament meeting.
Effective implementation of the latest amendments to the Banking Law will result in reducing the bank ownership concentration and ensure balance of ownership-management-control in the banking structure.
Risks associated with concentration on shareholders and executive management are expected to lower thanks to the amendments, and enhance public control and independence of banking supervision, bring more transparency and accountability with the help of public ownership in the banks.
In Mongolia, commercial banks’ ownership concentration is viewed as too high because up to 3 shareholders own more than 90 percent of total shares in commercial banks in the country. By the end of November 2020, total assets of the Mongolian banking sector were estimated at MNT 35.8 trillion and around 90 percent of them are public and over 10 percent are owned by bank shareholders, entailing the improvement of governance in the banking sector and strengthening of banks’ transparency.
According to the Bank of Mongolia - the central bank, the following four main principles were abided when developing amendments to the Banking Law:
Banks will be made publicly traded. There are a total of 12 banks operating within the country’s banking sector and 5 of them are considered as systemically influential or important. In compliance with the amendments, the five influential banks will have to transform into a public company through an initial public offering on stock market before June 30, 2022. Other banks can go public or remain as privately held company at their own discretion.
Ownership concentration will be reduced. The revised law allows each shareholder and their associates to own not more than 20 percent of total shares issued by a commercial bank. All banks in the country must fulfil this obligation before December 31, 2023.
The law amendments also provide provisions to make sure that the order for debt settlement are better delineated and the rights of bank customers are protected when banks go into liquidation. Citizens and household families who are deposit account holders in a liquidated bank get first priority to receive their money before the legal entities.
Characterizations of influential banks in the banking system are described in more details in the revised law. As per the Banking Sector Stability Law, an influential bank is defined as a bank which accounts for more than 5 percent in the total banking system in terms of assets. Now, the amendments rule that the banks’ influence is determined on the basis of their assets, their percentage in the transaction flow in the payment system, core activities, the state of their relevance, the number of their customers and other features, instead of their share in the banking system only.
As the banks now stand in need to be listed on stock market, more complex criteria will be laid down on their transparency, capital and earnings as well as corporate governance to conform to the revised Banking Law, reports the central bank.
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Total outstanding loans reached MNT 17 trillion www.montsame.mn

Ulaanbaatar /MONTSAME/. It was reported during the press conference of the Bank of Mongolia held on January 29 that the total outstanding loans reached MNT 17 trillion as of the end of last year.
Of the total outstanding loans, MNT 8.5 trillion were individuals’ loans, while MNT 7.9 trillion were corporate loans. 11.8 percent of total loans were overdue and 7.4 percent were non-performing loans.
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