Mongolian Bankers Association
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| Abbreviation | MBA |
|---|---|
| Formation | 2000 |
| Legal status | Non-profit non-government organization |
| Headquarters | Ulaanbaatar |
| Location |
|
Region served | Mongolia |
| Members | 12 commercial banks, a development bank, representative offices of foreign banks, financial sector infrastructure organizations, and fintech companies |
| Website | www |
The Mongolian Bankers Association[1] (MBA) is an independent, non-profit, and non-government organization under which the banking and non-banking financial institutions officially licensed to operate within the territory of Mongolia are unified. The role of the MBA is to represent the interests of the banking sector and serve its members as a sounding board for policy discussions.
With 36 members, the association integrates all 12 commercial banks, a development bank, representative offices of foreign banks, financial sector infrastructure organizations, and fintech companies. These members all aim 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 cooperation with other international banking associations, namely the Asian Bankers Association, the Korea Federation of Banks, the Association of Russian Banks, and the Uzbekistan Banking Association, as well as with international financial institutions.
Furthermore, to facilitate and leverage the financial development of Mongolia, it has initiated and established the Banking and Finance Academy, the Credit Information Bureau,[2] the Mongolian Mortgage Corporation,[3] the Mongolian Green Finance Corporation, and the Billion Tree Fund[4] in cooperation with its members.
The Mongolian Bankers Association is a self-regulated professional association established in 2000.
Structure
The day-to-day activities of the MBA are managed by the Secretariat, a team of 6, under the direct supervision of the chief executive and secretary-general and guidance from the MBA Board of Directors.
Activity
As the united voice of Mongolian banks, MBA is committed to:
- Sector relative policy proposals and initiatives;
- Multistakeholder projects;
- Supervisory, legal draft reviews;
- Bankers' self-development, knowledge exchanges, and interactive platforms;
- Forums, events, and discussions;
- Close collaborations with international banking and financial institutions;
- Professional outlooks, sectoral reviews, and news.
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, to deliver news to their customers and legal entities, and to efficiently promote the operation of the association
Aimed at contributing to the development of Mongolia's banking sector and creating a supportive policy environment and financial infrastructure, MBA has established the following institutions in cooperation with its member organizations:
- The Banking and Finance Academy – to conduct training and capacity development programs on banking and finance;
- The Credit Guarantee Fund – to provide credit guarantee service;
- The Mongolian Mortgage Corporation – to develop first and second mortgage markets;
- The Mongolian Sustainable Finance Association- and develop sustainable financing policies;
- The Mongolian Green Finance Corporation; to create a national-level green financing system in Mongolia;
- The Billion Tree Fund; aims to contribute the banking sector to the national tree planting movement.
Awards
- Jade Medal
- Best Banker
- Appreciation