With 14 commercial banks in a market of MNT10.11trn ($7.1bn) in assets by June 2012, Mongolia is one of the more fragmented banking markets in terms of number of lenders. Yet the years since the financial crisis of 2008 have witnessed a rapid concentration of business in the hands of five top banks: Khan Bank, Golomt Bank and Trade and Development...
Fundraising offshore has been a major trend among Mongolian corporates over the last three years. While commodities slumped in 2012 and political risk reemerged on foreign investors’ radar, Mongolia seems likely to continue tapping international markets via both debt and equity issuance in coming years. The government, however, must be cautious to...
THE COMPANY: Originally a state-owned company, Sharyn Gol was partially privatised and listed on the Mongolian Stock Exchange in 1995. It became 100% private in 2003. The firm has undergone complete restructuring since a New York-based company, Firebird Fund, acquired 61% of it. In January 2011 Sharyn Gol...
With ageing facilities, constraints that discourage efficiency and growing demand, Mongolia’s energy sector faces a number of challenges. Geography makes it reliant on one supplier for refined fuels, with a tenuous supply and a high purchase price. Several projects in the works now have the potential to reverse this trend, if they are successful....
Change in government has not affected the state’s “100,000 homes” scheme to provide affordable housing to low- and mid-income earners. With roughly 60% of Ulaanbaatar residents – or some 700,000 people – in ger districts comprising large traditional tents, building sufficient new homes and making loans affordable will be a challenge....
How would you assess the role Russian firms play in the Mongolian economy and its trade relations?
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