Asia Financial Services

In recent years the Mongolian Stock Exchange (MSE) has experienced solid growth, fuelled by capital inflows and foreign investment, in line with emerging economy bourses around the world. At the same time the market is constrained a by shortage of information and low liquidity. Like other frontier economies, Mongolia is in the midst of a long-term...

THE COMPANY: Originally a state company, Sharyn Gol was partially privatised and listed on the Mongolian Stock Exchange in 1995.

In the two decades since Mongolia’s economy shifted to capitalism, it has endured several boom-bust cycles in its financial sector, as banking services professionals adjusted to their new paradigm and began learning the basics of risk management. Assets grew at a rapid pace nonetheless, with a compound annual growth rate (CAGR) of almost 32% from...

The domestic lending market is simultaneously shaking off the effects of the international financial crisis and gearing up for what promises to be the most active and important period in its short history, since the country transitioned from communism to capitalism when the Soviet Union collapsed. Lending rates have come down considerably, banks...

The insurance sector is young but growing rapidly and is characterised by a relatively inexperienced labour pool, incomplete regulations, big plans for regulatory reform and fast growth from a small base. In short, it looks like a typical early-stage insurance sector in any developing country. The sector needs “technical assistance and labour...

While modifying regulations involving insurance have not yet achieved prominence in Mongolia’s current parliamentary calendar, once they do rise to the top of the agenda key issues to be debated include mandating motor and professional liability insurance; allowing firms more control over how they deploy their investment account; and increasing the...