ICBC to Open Its Office in Mongolia www.montsame.mn
The Board of Directors of the Central bank of Mongolia has made a decision to grant Industrial and Commercial Bank of China /ICBC/ a permission to open its representative office in Mongolia in 2017, on January 5. According to the Banking law of Mongolia, the representative office of a foreign bank is prohibited to undertake banking activities without a license of the Bank of Mongolia. The office in Mongolia will engage in representational and administrative functions on behalf of the ICBC.
Published Date:2017-01-10