Mongolian Bankers Association

What Mongolian Bankers Association does

The Mongolian Bankers Association (Монголын Банкны Холбоо) is a non-profit, non-governmental industry association established in 2000 and officially authorized by the Bank of Mongolia to represent the country's banking and financial sector. It operates from headquarters at Chinggis Khaan Avenue 17 in Ulaanbaatar and serves 24 member organizations — including 12 commercial banks, the Mongolia Development Bank, Savings Insurance Corporation, Credit Guarantee Fund, foreign bank representative offices (Sumitomo Mitsui, Tokyo Mitsubishi, Bank of China), international payment networks (Visa International, UnionPay International), and supporting financial institutions — collectively covering approximately 16,000+ banking sector employees. Governance is provided by a Board elected from member banks, with a President (currently O. Khurelbaatar, CEO of Arig Bank) and an Executive Director (L. Amar) leading a 9-person secretariat.

MBA's service portfolio is organized around three pillars: (1) Research and Publications — quarterly Banking Sector Reviews, periodic Macro Economic Outlooks, and an annual Banking Sector Competitiveness Study benchmarking Mongolia against peer countries; (2) Standards and Advisory — the Banking Service Code and Information Security Recommendations, which serve as sector-wide reference standards; and (3) Professional Services — 14 professional councils covering compliance, risk management, IT, fintech, digital banking, HR, treasury, law, marketing, customer service, finance and accounting, corporate governance, bancassurance, and internal audit. The association also operates MBAPM LLC, a wholly-owned subsidiary that rents three training and meeting rooms (capacity 25–90 participants) to members and external parties at 45,000–115,000 MNT per hour.

MBA is funded primarily through recurring membership dues from its 24 member organizations, supplemented by MBAPM facility rental revenue and limited event/training fees. Its go-to-market is community-led and event-driven, relying on its bilingual website, email newsletter, social media channels (Facebook, Twitter/X), quarterly bulletins, and in-person industry forums to disseminate content and convene members. The association does not develop or sell proprietary technology products; its core outputs are reference publications, advisory standards, and member coordination services.

Name

Mongolian Bankers Association

Legal name

Монголын Банкны Холбоо

Website

https://mba.mn

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

The Mongolian Bankers Association (Монголын Банкны Холбоо) is the non-profit industry association officially authorized by the Bank of Mongolia to represent 24 member organizations — including 12 commercial banks — and approximately 16,000+ banking sector employees through policy advocacy, research publications, professional councils, and sector standards.

Ownership category

akta.pro rank

Product category

Industry Association / Banking Sector Representation

NAICS

Offices of Bank Holding Companies (551111)

SIC

Finance Services (6199)

akta.pro primary industry

Banking & Capital Markets (EDABALAD)

Keywords

• Banking industry association
• Professional councils
• Sector research publications
• Membership services
• Financial sector advocacy

Headquarters

HQ city

Ulaanbaatar

HQ country

Mongolia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Training and Meeting Room Rental (MBAPM): MBAPM LLC, a wholly-owned subsidiary of the MBA, operates training and meeting room facilities. The association rents out three training rooms (Small, Medium, and Large) to member organizations and external parties for conferences, meetings, and training events. Room rates range from 45,000 to 115,000 MNT per hour.
2. Membership Fees: The association is funded through membership fees from its 24 member organizations, which include 12 commercial banks, Development Bank of Mongolia, Savings Insurance Corporation, Credit Guarantee Fund, foreign bank representative offices, payment networks (Visa, UnionPay), credit information services, and other financial sector entities.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Core offering

The Mongolian Bankers Association is a non-profit industry association that represents and serves Mongolia's banking sector through membership services, professional councils, research publications, advocacy, and training. It operates 14 specialized professional councils, publishes quarterly banking sector reviews and macroeconomic analyses, maintains industry codes (Banking Service Code, Information Security Recommendations), and runs a training and meeting room facility (MBAPM) through a wholly-owned subsidiary.

Product overview

The Mongolian Bankers Association (MBA) is a non-profit industry association representing Mongolia's banking and financial sector. Rather than a unified technology product, its offerings are organized around three pillars: (1) Research and Publications — the Banking Sector Review (quarterly and annual reports), Macro Economic Outlook, and the annual Banking Sector Competitiveness Study; (2) Professional Services — the MBAPM Training and Meeting Room facility, 14 Professional Councils covering banking specializations, and Membership Services with three tiers; and (3) Standards and Advisory — the Banking Service Code, Information Security Recommendations, and the quarterly MBA Electronic Bulletin. The association also operates a Video News Section and publishes an annual Event Calendar. All services are membership-oriented and focused on serving the banking sector rather than end consumers.

Differentiator

Problem solved

Functional benefit

Brands

• MBA Banking Code: Mongolia's Banking Service Code published by MBA and member banks outlining service principles
• MBA Information Security Guidelines
• MBA Professional Councils
• MBAPM Training Facility

Products and services

• MBAPM Training and Meeting Room Facility A training room rental service operated by MBAPM LLC, a wholly-owned subsidiary of the MBA. Offers three configurable meeting rooms — Small (25 persons max, 45 sqm), Medium (60 persons max, 91.8 sqm), and Large (combined Small+Medium, 90 persons max) — equipped with display screens, projectors, speakers, microphones, and a stage. Available to member organizations and external parties for conferences, meetings, and training events.
• Banking Sector Review (Банкны салбарын тойм) Quarterly and annual research publication providing analysis and performance reviews of Mongolia's banking sector, including total assets, loan growth, non-performing loan rates, sectoral economic impact, and future outlook. Available in both Mongolian and English languages.
• Macro Economic Outlook (Макро эдийн засгийн тойм) Periodic macro-economic analysis publication covering Mongolia's economic conditions, inflation, currency, trade balance, and fiscal indicators. Published quarterly and annually.
• Banking Sector Competitiveness Study (Банкны салбарын өрсөлдөх чадварын судалгаа) Annual research publication benchmarking Mongolia's banking sector competitiveness against peer countries, including indices on financial depth, banking sector performance, and macro-environment factors. Available in Mongolian and English.
• Professional Councils (Мэргэжлийн зөвлөлүүд) A coordinated program of 14 professional councils covering Bancassurance, Compliance, Marketing, Information Security, Information Technology, Customer Service, Treasury, Law, Human Resources, Online Banking and Payment, Risk Management, Fintech, Finance and Accounting, Corporate Governance, and Internal Audit. Each council enables industry experts from member banks to share knowledge and develop sector recommendations.
• Membership Services A three-tier membership program including Principal Members (licensed commercial banks and foreign bank branches), Supporting Members (representative offices of foreign banks and similar financial entities), and Associate Members (training, research, and development organizations supporting member operations).
• Banking Service Code (Банкны үйлчилгээний кодекс) A comprehensive code of conduct and service standards for banks operating in Mongolia, covering account services, loan services, payment services, customer rights and responsibilities, complaint resolution, and information security guidelines. Developed jointly by the MBA and member banks.
• Information Security Recommendations (Мэдээллийн аюулгүй байдлын зөвлөмж) Comprehensive information security guidelines and best practices for banks and their customers, covering mobile banking security, phishing awareness, internet banking safety, ATM/POS security, two-factor authentication, and personal data protection.

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Ministry of Energy of Mongolia (Эрчим хүчний яам)coreStrategic or Co-development Partner · 16 June 2026The MBA signed a cooperation agreement with the Ministry of Energy and Mongolia Development Bank to support reliable operations in the energy sector. The partnership aims to increase financing opportunities for energy infrastructure projects, support grid modernization, develop efficient financing schemes, and promote green finance and renewable energy projects. The agreement was signed on June 16, 2026.
• Development Bank of Mongolia (Монгол Улсын Хөгжлийн Банк)coreStrategic or Co-development Partner · 16 June 2026The MBA and Development Bank of Mongolia signed a cooperation agreement alongside the Ministry of Energy to support energy sector infrastructure projects and green financing initiatives. The Development Bank provides development financing alongside the commercial bank members of the MBA.
• Bank of Mongolia (Монголбанк)coreOthersThe MBA is officially authorized by the Bank of Mongolia (the central bank) to represent and serve banks and financial institutions operating in Mongolia. The central bank formally recognizes the association as the authorized representative body of the banking sector.
• Sumitomo Mitsui Banking Corporation Ulaanbaatar Representative OfficeminorOthersForeign bank representative office operating in Mongolia as a supporting member of the MBA.
• Bank of China Ulaanbaatar Representative OfficeminorOthersForeign bank representative office operating in Mongolia as a supporting member of the MBA.
• Visa InternationalminorOthersInternational payment network operating in Mongolia as a supporting member of the MBA, collaborating on digital payments and card services.
• UnionPay InternationalminorOthersInternational payment network operating in Mongolia as a supporting member of the MBA, collaborating on digital payments and card services.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Hong Kong Banking Association: Hong Kong's banking industry association representing licensed banks. Comparable in mandate: conducts industry research, runs professional training and seminars, and liaises with regulators (HKMA) on policy matters.
• Canadian Bankers Association: Canada's national banking industry association. Closely comparable structure to the MBA: represents the country's chartered banks, publishes economic and banking research, and operates as the unified voice for the sector.
• UK Finance: The UK trade association for the banking and finance industry. Comparable in mandate: represents member banks, conducts regulatory engagement, publishes sector research, and runs industry working groups across banking disciplines.
• Singapore Bankers Association: Singapore's national banking industry association. Comparable as a member-funded body that represents banks, engages with the Monetary Authority of Singapore, and supports professional development for the banking sector.
• Australian Banking Association: Industry body for Australia's major banks. Comparable in operating model: member-funded, policy advocacy, sector research publication, and engagement with regulators and government on banking sector issues.
• American Bankers Association: The principal US banking industry trade association. Directly comparable to the MBA as a national-level industry body representing commercial banks, conducting policy advocacy, publishing research, and operating professional development programs.
• Japan Bankers Association: Japan's nationwide banking industry association. Comparable in mandate: represents member banks, conducts research and statistical publications, and coordinates industry positions on regulation and standards.
• Indian Banks' Association: India's national banking industry association. Directly comparable in structure: member-funded body representing commercial banks, conducting training programs, publishing research, and engaging with the Reserve Bank of India.
• Korean Bankers Association: South Korea's national banking industry association. Comparable in scale and structure: represents member banks, publishes sector reports, sets standards, and runs training and certification programs for banking professionals.
• The Banking Association South Africa: South Africa's banking industry representative body. Comparable in scope: member-funded, publishes sector research and macroeconomic analysis, runs industry initiatives including on financial inclusion and digital banking.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mba_mn
• Facebookfacebook.com/mbamn
• LinkedInlinkedin.com/company/mongolian-bankers-association

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mongolian Bankers Association