Verified List of Banks in Mongolia (2026 Update)

This page tracks 16 financial institutions operating in Mongolia, centered around the capital, Ulaanbaatar. All listings are manually verified as part of our 2026 data review.

Average inflation is estimated at approximately 7.30%, a useful benchmark for currency and purchasing-power stability in the region. Foreign exchange reserves equal roughly 27.17% of GDP, indicating a substantial external liquidity buffer relative to economic output. Mongolia holds 510.00 tonnes of gold reserves, a hard-asset buffer factored into its broader financial resilience profile. Khan bank is recognized as the largest commercial bank serving Mongolia.

Mongolia's banking sector shows roughly 93.8% direct SWIFT/BIC connectivity, corresponding to a 'Fragile' classification under the Bankinfobook Financial Connectivity Index.