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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. It has about 201 to 500 employees. [1]
[2] Mongolian artist and art historian N. Chultem identified three styles of traditional Mongolian architecture (Mongolian, Tibetan and Chinese), alone or in combination. Batu-Tsagaan (1654), designed by Zanabazar, was an early quadratic temple. The Dashchoilin Khiid monastery in Ulaanbaatar is an example of yurt-style architecture.
A Ger district (Mongolian: гэр хороолол, Ger khoroolol) is a form of residential district in Mongolian settlements. They usually consist of parcels with one or more detached traditional mobile dwellings or gers (hence the name), surrounded by two-metre high wooden fences .
Khan Bank is a large player in the Mongolian micro-financing programs with many of the rural communities depending on the loans and programs from the bank. As of 2011 [update] , herders made up a significant portion of borrows and 2/3rd of the surveyed borrowers lived in a ger , a traditional Mongolian dwelling. [ 4 ]
Later in 2013, the Mongol Bank was forced to take over the 5th largest lender, Savings Bank, and merge with State Bank, due to a bad loan made to a gold mine owned by its parent company, Just Group, at a cost of $120 million. [16] State Bank is a state-owned company separate from the Bank of Mongolia.
The name Mongolia means the "Land of the Mongols" in Latin. The Mongolian word "Mongol" (монгол) is of uncertain etymology.Sükhbataar (1992) and de la Vaissière (2021) proposed it being a derivation from Mugulü, the 4th-century founder of the Rouran Khaganate, [13] first attested as the 'Mungu', [14] (Chinese: 蒙兀, Modern Chinese Měngwù, Middle Chinese Muwngu), [15] a branch of ...
The Mongolian ger has one or more columns to support the crown and straight roof poles. The (self-supporting) wood frame is covered with pieces of felt. Depending on availability, felt is additionally covered with canvas and/or sun covers. The frame is held together with one or more ropes or ribbons.
The Development Bank of Mongolia (DBM; Mongolian: Монгол улсын хөгжлийн банк) is a state-owned bank headquartered in Sükhbaatar, Ulaanbaatar, Mongolia. History [ edit ]