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Bailout of Saving Bank and its implications, August 2013

After Mongolia’s Saving Bank declared Bankruptcy and joined the State Bank, investors have started to worry about financial system in Mongolia. Hence, Mongolian assets and currencies were sold heavily recently. This report summarises the following:

  • The glorious time for Saving Bank
  • Only after 3 months, the bank declared Bankruptcy. Why?
  • Lack of monitoring system of banks in Mongolia
  • Credit Ratings
  • Danger of weaker currency
  • Conclusion

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