Development Bank of Mongolia
State-owned bank of Mongolia
From Wikipedia, the free encyclopedia
The Development Bank of Mongolia (DBM; Mongolian: Монгол улсын хөгжлийн банк) is a state-owned bank headquartered in Sükhbaatar, Ulaanbaatar, Mongolia.
Native name | Монгол улсын хөгжлийн банк |
|---|---|
| Company type | state-owned |
| Industry | banking |
| Founded | 2011 |
| Founder | government of Mongolia |
| Headquarters | Sükhbaatar, , |
| Products | financial services |
| Website | Official website  |
History
The government of Mongolia initiated the establishment of the bank on 20 July 2010 and it was approved by the parliament on 10 February 2011.[1]
