MP Z.Enkhbold shares his opinion on recently occurring banking turbulence and he says “Bank bankruptcy is nothing serious, almost every day banks go bankruptcy”
Q: “Zoos” bank was overtaken by the Government and Government bond is about to be offered. Was it because of the Government guarantee on saving accounts? Shall the Government bear the responsibility of bank’s loss?
MP Z.Enkhbold: Many banks were bankrupted in last 20 years and the state paid their losses. Every time, when such action was occurred, the officials explained that its loss would be paid back by people who borrowed from banks. Read the rest of this entry »








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