Daily Business News Mongolia

Q: Why the commercial banks of Mongolia stopped their loan?
O.Chuluunbat: World countries report their economy condition. Otherwise, banking sector is very vulnerable. More precisely, it based on the main factors and trusts of people and is affected directly and instantly by the international economy condition. If commercial banks undergo any difficulties, the government must take a measure. Also the Parliament and the Government start taking about certain measures that are effective for the current situation. But it didn’t consider of buying shares of commercial banks like in USA. It is the risk of commercial banks.

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