Abbreviation MBA Region served Mongolia | Formation 2000 Founded 2000 | |
Legal status Non-profit non-government organization Location Sukhbaatar district, Ulaanbaatar Membership 14 banks, Development bank, 5 financial and non-financial banking institutions, and 3 foreign bank representative offices Motto “Professional leadership and participation in the banking and financial sector…” | ||
Mongolian Bankers Association (MBA) Mongolian Bankers Association is an independent, non-profit and non-government organization under which the banking and nonbanking financial institutions officially licensed to operate within the territory of Mongolia were unified.
The Mongolian Bankers Association is a self-regulated professional association that was established in 2000. With over 20 members, the association integrates all 14 commercial banks, Development bank, 5 financial and non-financial banking institutions, and 3 foreign bank representative offices, whose vision is to lead the banking and financial sector in support of the sustainable development and equitable economic growth of Mongolia.
Considerable efforts were made to amplify the cooperation with the international bankers associations, namely with ARB, CBA, JBA, and affiliated with Asian Bankers Association and International Financial Institution.
Furthermore, with regard to facilitate and leverage the financial development of Mongolia, it has initiated and established Banking and Finance Academy, Credit Information Bureau, Credit Guarantee Fund and Mongolian Mortgage Corporation in cooperation with its members. Weekly newsletters have been published since the first quarter of 2007 to provide a network for members to exchange views and offer opportunities for effective communication, timely deliver news to their customers and legal entities and to efficiently promote the operation of the Association.
Currently the MBA WEEKLY NEWSLETTER is delivered online to its subscribers and through the website www.mba.mn and other social media channels (@mongolianbanker channels).
To amplify the status as the professional association for banking and financial professionals, the risk management, legal, human resource, special asset management and marketing expert consultants’ councils were set up by the Secretariat of the Association.
The professional councils have enabled the banking and financial officers to effectively share their knowledge and experience in the field of interests, determine and foresee the challenges and urgent issues in the sector and seek for solutions. The MBA Secretariat chaired by Chief Executive Officer coordinates the daily operation of the Association in conformity with the resolutions, decisions and directions by the Board of directors.