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Financial Regulatory Commission releases its 2017 report www.gogo.mn
The Financial Regulatory Commission (FRC), which regulates over 21,000 capital market, insurance, non-banking financial institutions, savings and loan associations and entities, presented its 2017 report on February 26.
According to the FRC, a market capitalization of the finance industry totaled 2.4 trillion MNT as of the end of 2017, the industry's highest achievement in 27 years and a 65.5 percent increase over 2016.
The assets of insurance, non-banking financial institutions, and savings and loan associations reached 1.4 trillion MNT, an increase of 23.3 percent compared to 2016, making up 5.1 percent of GDP.
In 2017, securities trading reached 860.8 billion MNT, 78.1 billion MNT in shares were traded, 772.5 billion in government securities were traded, and bond trading reached 10.2 billion MNT.
The insurance sector’s total assets increased by 17.4 percent, reaching 244.7 billion MNT last year. Officials from the FRC said that capital market capitalization saw a 2.1 trillion MNT increase in 2011, when the economy’s growth and foreign investment was at its highest, exceeding 2017's 2.4 trillion MNT.
Published Date:2018-02-28
