1 PENSION RESERVE FUND ASSETS INCREASE BY MNT 2.7 BILLION WWW.MONTSAME.MN PUBLISHED:2026/04/03      2 TENDER FOR ‘FIRST RING PROJECT’ CONTRACTOR ANNOUNCED WWW.MONTSAME.MN PUBLISHED:2026/04/03      3 GROUNDWATER EXPLORATION TO BE CONDUCTED AT 25 LOCATIONS IN DORNOGOBI AIMAG WWW.MONTSAME.MN PUBLISHED:2026/04/03      4 TECH COMPANIES MUST END COMPLICITY IN ONLINE REPRESSION OF MONGOLIAN CULTURE WWW.TECHPOLICY.PRESS PUBLISHED:2026/04/03      5 MONGOLIA HAS ITS FIRST LUXURY HOTEL. IT WAS WORTH THE WAIT WWW.FORBES.COM PUBLISHED:2026/04/03      6 N.UCHRAL: SOME MINISTERS MAY BE RETAINED BASED ON PERFORMANCE WWW.GOGO.MN PUBLISHED:2026/04/02      7 REVISED FOREST LAW TO EXPAND PUBLIC BENEFITS WWW.MONTSAME.MN PUBLISHED:2026/04/02      8 MONGOLIA TO FORM COALITION GOV'T WWW.XINHUANET.COM PUBLISHED:2026/04/02      9 TOURISM EMERGES AS KEY ECONOMIC DRIVER, REACHING USD 1.4 BILLION OUTPUT WWW.MONTSAME.MN PUBLISHED:2026/04/02      10 WATER COMPACT IMPLEMENTED ON SCHEDULE AND WITHIN APPROVED BUDGET WWW.MONTSAME.MN PUBLISHED:2026/04/02      “ОЮУ ТОЛГОЙ” КОМПАНИАС УСТАЙ ХОЛБООТОЙ МЭДЭЭЛЭЛД ХҮРГҮҮЛЖ БУЙ ТАЙЛБАР, ТОДРУУЛГА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/04/03     ГАДААД ВАЛЮТЫН НӨӨЦ 7.2 ТЭРБУМ АМ.ДОЛЛАРТ ХҮРЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/04/03     ОНЦГОЙ АЛБАН ТАТВАРЫН ТУХАЙ ХУУЛЬД ӨӨРЧЛӨЛТ ОРУУЛАХ ТУХАЙ ХУУЛИЙН ТӨСЛИЙГ АНХНЫ ХЭЛЭЛЦҮҮЛЭГТ ШИЛЖҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/04/03     ЭРДЭНЭС МОНГОЛ: СТРАТЕГИЙН ОРДОД ХАМААРАХ ТӨСӨЛ, ХӨТӨЛБӨРИЙГ ЭРЭМБЭЛЖ ЭРЧИМЖҮҮЛНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/04/03     Н.УЧРАЛ: ЗАСГИЙН ГАЗАРТ ЭРХ ОЛГОВОЛ ШАТАХУУНЫ ҮНИЙГ ШУУРХАЙ ЗОХИЦУУЛАХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/04/02     БҮСЭЭ ЧАНГАЛАХ ЦАГ ИРЛЭЭ: ШАТАХУУНЫ ҮНИЙН ӨСӨЛТ БАРААНЫ ҮНЭД НӨЛӨӨЛНӨ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/04/02     “НЭГДҮГЭЭР ТОЙРОГ ЗАМ”-ЫН ОЛОН УЛСЫН ТЕНДЕРИЙГ НЭЭЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/04/02     1072 ХУВЬЦААНЫ НОГДОЛ АШГИЙГ ЭНЭ САРД ОЛГОНО WWW.NEWS.MN НИЙТЭЛСЭН:2026/04/02     С.БЯМБАЦОГТЫГ ӨНӨӨДӨР УИХ-ЫН ДАРГААР СОНГОНО WWW.ITOIM.MN НИЙТЭЛСЭН:2026/04/02     МОНГОЛ ХҮН БАЯЛГИЙНХАА ЭЗЭН ГЭДГИЙГ ЗӨВЛӨЛДӨХ САНАЛ АСУУЛГА БАТАЛГААЖУУЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/04/02    
Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

Economic Growth Underpins Mongolian Banks’ Stable Operating Environment www.fitchratings.com

Fitch Ratings-Hong Kong/Seoul-05 October 2023: The operating environment for banks in Mongolia will benefit from strong medium-term economic growth, backed by rising production in mining, Fitch Rating says. Loan growth picked up in 1H23 on improving business conditions and as major banks have complied with IPO requirements that have provided them with higher capital bases to support growth.
We believe appropriate risk controls during periods of rapid growth will be a key differentiating factor for banks’ risk profiles and asset quality. We expect banks to be more disciplined in balancing growth and capitalisation, given the improved regulatory framework in recent years.
We expect banks’ earnings to continue to be supported by healthy economic growth in the medium term, despite strong competition. Banks’ non-performing loan ratios have been gradually improving, due to conducive business conditions and higher loan growth. The 2023 interim results of major banks in Mongolia were steady, with higher net income and lower credit costs offsetting the impact on operating expenses from high inflation and foreign-exchange volatility.
The report “Mongolian Banks Dashboard: October 2023” is available at www.fitchratings.com or by clicking the link in this media release.
Contact:
Savio Fan
Associate Director, Financial Institutions - Banks
+852 2263 9955
Fitch (Hong Kong) Limited
19/F Man Yee Building
68 Des Voeux Road Central
Hong Kong
Heakyu Chang
Senior Director, Financial Institutions - Banks
+822 3278 8363


Published Date:2023-10-05