The State bank (Mongolian: Төрийн банк, romanized: Töriin Bank) was established by government of Mongolia from the assets of two failed banks, Anod Bank and Zoos Bank, of Mongolia on November 24, 2009.
[1] In July 2013, the government of Mongolia combined the 5th-largest bank, Savings Bank, with the State Bank after Savings Bank failed due to a large bad loan to its parent company, Just Group, and previous losses from acquiring Mongol Post Bank, at a cost to the state of $122 million.
All 503 branches and 1.7 million customers were transferred to State Bank.
[2] Its headquarters is at Baga toiruu 7/1, 1st khoroo, Chingeltei District, Ulaanbaatar.
This Mongolia-related article is a stub.