Speaker of Parliament Uchral Nyam-Osor and Governor of the Bank of Mongolia Narantsogt Sanjaa held an online meeting with representatives of the Hungarian commercial bank OTP on February 4, 2026.
During the meeting, OTP Bank expressed its interest in operating in the Mongolian banking sector if the Banking Law of Mongolia is revised to reflect current demands, and the regulatory environment for investment is clarified. Specifically, the Hungarian bank’s side stated that with the condition that certain legal revisions are adopted regarding per-investor limitations, overgeneralized regulations, and policy risks, strategic investment is fully possible.
Furthermore, the bank presented its international operations, investment strategies, market valuations, and financial products and services. The 75-year-old OTP Bank, listed on the stock exchange, is the largest commercial bank in Hungary, operating through 1,206 branches in 11 countries in Central and Eastern Europe. By the end of the third quarter of 2025, the bank’s total equity stood at USD 115.2 billion, whereas the total loan portfolio was worth USD 60 billion. As for the structure, international investment funds own 55 percent of the total shares, whereas the remaining 45 percent is held by domestic investors.
Speaker Uchral noted that to ensure sustainable economic growth, the legal reform proposed by the parliament prioritizes limiting excessive state intervention and expanding the private sector. Emphasizing his support for intensifying the banking sector reform and the entry of foreign investors into the domestic market, the Speaker received the OTP Bank’s proposal positively. In addition, Speaker Uchral stated that the revisions to the Banking Law will be discussed at the spring session of parliament, and that significant focus will be paid to refining the relevant legal environment.

Published Date:2026-02-06