The 95th Anniversary of Mongolian banking sector development was celebrated successfully

 

The 95th Anniversary of Mongolian banking sector development was celebrated successfully on May 31, 2019 at Sukhbaatar Square. Apart from Transbank, Bank of Mongolia and other 12 commercial banks of Mongolia have participated together with the customers and partnerships at once.

The parade show of respect, consists of over four hundred employees from the Bank of Mongolia and the other commercial banks of Mongolia, was organized during the event.

Incidentally, according to the conference decision of Mongolian Government on March 27-28, 2019, The Soviet-Mongolian joint venture Trade and Industry Bank which is Bank of Mongolia was established on June 02, 1924 in the Capital City of Mongolia. The bank was established with the statutory fund of RUB 250,000 and 22 vacancies. Thus, the establishment of National bank was the basis of modern cash flow system, National currency and development of Mongolian economy and society.