Source: Khan Bank                      Date: 22 July, 2010

The prestigious magazine Euromoney announced some time ago that it had chosen Khan Bank as the best bank of Mongolia for the 5th year in a row. A team from the bank received the award at a ceremony in Hong Kong on July 15.

Explaining its choice, Euromoney has said, “Khan Bank is still widely regarded by independent local securities firms and market participants as having the best corporate governance and the strongest balance sheet. In October 2009 it became the first Mongolian bank ever to reach MNT1 trillion in total assets, and is the first among its peers to convert all of its branches to an online real-time system. It has the largest ATM network in the country, and … is best poised to benefit in Mongolian financial and economic development.”