Verified List of Banks in Mongolia (2026 Update)
Official Name: Republic of Mongolia
Capital City: Ulaanbaatar
Currency: Togrog (MNT)

Continent: Asia Country: Mong.. Total Banks: 16
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.
Foreign exchange reserves equal roughly 27.17% of GDP, indicating a substantial external liquidity buffer relative to economic output. The average income level sits at approximately 550.00 USD, relevant context alongside the country's banking infrastructure.
Our SWIFT-to-Bank analysis places Mongolia in the 'Fragile' connectivity tier, with 15 of its 16 listed institutions maintaining a direct SWIFT/BIC connection (93.8%).
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✓ Verified: This entry was personally compiled and reviewed by Milan Ignjatovic using primary sources.
Founder & Sole Curator, Bankinfobook | Master Manager of ICT · Graduated Economist
Last Data Review: January 21, 2026
