MICROCAPITAL BRIEF: Mongolia’s Khan Bank Announces E-Banking Outreach Campaign
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Wednesday, March 20, 2013

MICROCAPITAL BRIEF: Mongolia’s Khan Bank Announces E-Banking Outreach Campaign

Khan Bank, a Mongolian provider of microfinance and other services, recently launched its “Welcome to the E-Banking World” campaign to provide information about E-banking services, such as payment services available via the internet and mobile phones.  The campaign is scheduled for three months ending in May 2012 and will be held in Khan Bank branches in the city of Ulaanbaatar as well as unidentified areas [1].

For the year 2011, Khan Bank reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 1.6 billion, a gross loan portfolio of USD 1 billion, deposits of USD 1.3 billion, return on assets (ROA) of 3.91 percent, return on equity (ROE) of 40.9 percent, approximately 300,000 active borrowers and 1.9 million depositors. Khan Bank classifies 51 to 60 percent of its operations as microfinance.

By Brendan Millan, Research Associate

About Khan Bank
Established in 1991, Khan Bank is a Mongolian provider of microfinance and other services through 512 branches in the country. For the year 2011, Khan Bank reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 1.6 billion, a gross loan portfolio of USD 1 billion, deposits of USD 1.3 billion, return on assets (ROA) of 3.91 percent, return on equity (ROE) of 40.9 percent, approximately 300,000 active borrowers and 1.9 million depositors. Khan Bank classifies 51 to 60 percent of its operations as microfinance.

Sources and Additional Resources:

[1] Khan Bank: “Press Release: Khan Bank Initiates an E-Banking Campaign”, https://www.khanbank.com/en/52/News.html?n=251

MicroCapital.org story, March 2, 2013, “Mongolia’s Khan Bank Launches Drive-through ATMs, Increases Number of Correspondent Banks”, http://www.microcapital.org/microcapital-brief-mongolias-khan-bank-launches-drive-through-atms-increases-number-of-correspondent-banks/

MicroCapital.org story, June 22, 2011, “International Finance Corporation (IFC) to Loan $20m to Khan Bank of Mongolia to Support Small and Medium-Sized Businesses”, http://www.microcapital.org/microcapital-brief-international-finance-corporation-ifc-to-loan-20m-to-khan-bank-of-mongolia-to-support-small-and-medium-sized-businesses/

MicroCapital.org story, February 8, 2010, “responsAbility Social Investments Makes Loans Totaling $12.5m to Belarusian Bank for Small Business (BBSB) of Belarus, Khan Bank of Mongolia, XacBank of Mongolia”, http://www.microcapital.org/microcapital-brief-responsability-social-investments-makes-loans-totaling-12-5m-to-belarusian-bank-for-small-business-bbsb-of-belarus-khan-bank-of-mongolia-xacbank-of-mongolia/

MicroCapital’s Universe Profile: Khan Bank, http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Khan+Bank

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