Mongolia Competitors

Khan Bank has been operating for 30 years in Mongolia. The bank is a nationwide leader in delivering a full range of financial services and products to the consumers, small and medium enterprises and corporate customers in Mongolia. Khan Bank has the most extensive branch network in the country with about 547 branches providing secure financial services in every town, village and border points. The Bank also has the largest network of ATMs with over 800 machines located throughout the country. Khan Bank processes an estimated 70% of daily banking transactions in Mongolia. Independent surveys indicate that Khan Bank services roughly 80% of all households in Mongolia. Khan Bank is regarded as one of top employers and aims to create a working environment that supports our employees, with possibilities to grow, develop them and solve their social issues, as well as providing them with competitive salaries and remuneration in order to enhance the stability and productivity of our employees.

Golomt Bank is a leading institution in Mongolia’s banking and financial sector, having maintained its status as a pioneer bank for three decades. Established in 1995, the bank has played a key role in the development of Mongolia’s banking and financial sector. Operating under the motto “Investing for a brighter future” and the vision of becoming "Mongolia's global Benchmark Bank," Golomt Bank employs approximately 2,800 staff and serves over 1 million customers as of 2025. The bank is headquartered in Ulaanbaatar and has been a major driver in Mongolian finance sector since 1995.

Founded in 1998, XacBank is a community development bank and microfinance institution in Mongolia, and is headquartered in Ulaanbaatar. OUR VISION XacBank will be the dynamic leader in providing inclusive financial services and innovative products through an extensive network of branches and partners. The Bank will further grow its market share and support the development of competitive Micro, Small and Medium businesses in Mongolia by using the information communications technology together with personalized customer services. OUR MISSION To contribute to sustainable development of Mongolia that can come only from educated and skilled people and competitive and dynamic businesses concerned equally about Planet, People, and Profit. The Bank will provide equitable access to transparent, reliable and responsive banking products and services to the Bank’s clients, including its traditional Micro-entrepreneurs as well as Small and Medium businesses.