Khan Bank is a Mongolian bank that is one of the major commercial banks in Mongolia.[1] As of 2024, the bank had 528 branches and 335 ATMs throughout the country.[2] The Bank has the largest total assets in Mongolia, making it a key player in Mongolian finance sector.[3][2]
The bank is also one of the country's major providers of microfinance. It has a large focus on clients that are herdsman with solely movable assets.
History
Khan Bank was established in 1991, during the dissolution of Mongolia’s single-tier state banking system, under the name Agricultural Cooperative Bank, with branch offices across the country. Later, the bank took over the assets and operations of state banks in rural areas and was subsequently privatized. However, its business activities continued to be strongly influenced by government involvement.