As of the first quarter of 2026, Mongolia’s banking sector had issued a total of MNT 2.54 trillion in green loans, accounting for 5.7% of total lending.

By the end of the reporting quarter, the weighted average maturity of all green loans stood at 62.2 months for loans issued in tugrugs and 45.6 months for those issued in foreign currency. The weighted average interest rate was 14.3% for tugrug-denominated loans and 10.9% for foreign-currency loans.

Of the total green loan portfolio, 58% was allocated to energy-efficient projects, while green buildings, sustainable agriculture, land use, forestry, and eco-tourism accounted for 18.2%. Renewable energy projects represented 9%, and low-carbon transportation projects made up 7% of total green lending.

Under Mongolia’s goal of developing green and sustainable finance and implementing its green taxonomy framework, the country aims to increase the share of green loans in the banking sector to 10% by 2030.

In line with relevant regulations issued by the Governor of the Bank of Mongolia, the repayment period for certain green loans has been extended to between 30 and 60 months. In addition, loans for electric vehicles have been included under the green loan classification.

Published Date:2026-05-28