A resolution concerning Development Bank approved

Economy
Ooluun.B
ooluun@montsame.mn
2017-01-02 16:53:30

Ulaanbaatar /MONTSAME/ On December 28, the Parliament approved a resolution on “Taking certain measures regarding Development Bank of Mongolia”. Currently, a total asset and loan portfolio of Development Bank of Mongolia amounted Tgs 7 trillion and Tgs 5.9 trillion respectively and the existing financial performance showed that ratio equity over loan portfolio might not be met the prudential level requirement.

Therefore, the Government submitted the draft resolution to immediately prevent the risks that may arise. According to the resolution, the Development Bank’s capital has been raised by Tgs1 trillion and the loan portfolios that would be repaid from the State budget were transferred to the Ministry of Finance. The Development Bank has financed some 2000 programs and projects since its establishment in 2011.

 

Second Annual Trans-Altai Sustainability Dialogue Takes Place in Ulaanbaatar 1 hour
Chairman Zandanshatar Receives Hungarian Delegation 3 hours
Indian Ambassador to Mongolia Presents Letter of Credence 3 hours
UK Foreign Secretary Pays Courtesy Call on President of Mongolia 3 hours
Mongolia and the UK Sign Roadmap towards Comprehensive Partnership 3 hours
Speaker Zandanshatar Meets Former UN Secretary-General Ban Ki-moon 4 hours
Chairman Zandanshatar Meets Deputy Speaker of the National Assembly of South Korea 4 hours
Foreign Minister of Mongolia and UK Foreign Secretary Hold Official Talks 8 hours
UK Foreign Secretary Pays Courtesy Call on President of Mongolia 9 hours
UK Foreign Secretary Arrives in Mongolia for an Official Visit 9 hours
Speaker of Parliament of Kyrgyzstan Pays Official Visit to Mongolia 1 day
Speaker of Parliament of Kyrgyzstan Pays Courtesy Call on President of Mongolia 1 day
UK Foreign Secretary to Pay an Official Visit to Mongolia 1 day
Mongolian Ice Hockey Team Wins IIHF World Championship Division IV 1 day
Zandanshatar Gombojav: Legal Basis for Mongolians’ Ownership of Natural Resources is Established 1 day
Prime Minister Oyun-Erdene Meets Speaker of Parliament of Kyrgyzstan 1 day
Trans-Altai Sustainability Dialogue Commences in Ulaanbaatar 1 day
Mongolian Scientists Publish over 8,000 Papers in International Journals 1 day
Speaker of Parliament of Kyrgyzstan Visits Chinggis Khaan National Museum 2 days
Foreign Minister Battsetseg Meets Executive Secretary of UN ESCAP 2 days
Tsolmon Dambiibaljir Qualifies for the Asian Bronze Medal in Para Fencing 2 days
Foreign Minister Battsetseg Meets Minister of Commerce of Thailand 2 days
Foreign Ministers of Mongolia and Thailand Hold Official Talks 2 days
Rules of Commission on Cooperation between State Great Khural and Jogorku Kenesh Signed 2 days
Speakers of Mongolia and Kyrgyzstan Hold Official Talks 2 days
Speaker of Parliament of Kyrgyzstan Welcomed at Sukhbaatar Square 2 days
Foreign Minister Battsetseg Delivers Speech at the 80th ESCAP Session 2 days
Speaker of Parliament of Kyrgyzstan Arrives in Mongolia for an Official Visit 3 days
Mongolia and META to Cooperate on Child Online Protection 3 days
Mongolian-Russian Business Ties Reviving 3 days
Meeting Corner Featuring Nomadic Culture Opens at UN Conference Centre in Bangkok 3 days
Foreign Minister Battsetseg Elected as Chair of the 80th ESCAP Session 3 days
Foreign Minister Battsetseg Meets UN Under Secretary-General Rabab Fatima 3 days
Mongolian Fan Cycles 6,900 km to See Manchester United 3 days
APU Company's Centennial: "Always Forward Together” Experience Show 3 days
Mongolia Wins Three Gold Medals at Asian Judo Championships 4 days
Mongolian Athlete Orkhon Qualifies for 2024 Paris Olympics 4 days
NUM & MUST Students Tour Badrakh Energy's Zuuvch-Ovoo Pilot Site 4 days
Amgalan Thermal Power Plant Capacity Increased by 116 MW 4 days
Mongolian Culture Center Established in Italy 4 days
Foreign Minister Battsetseg to Pay Official Visit to Thailand 4 days
Speaker of Parliament of Kyrgyzstan to Pay Official Visit to Mongolia 4 days
This Week in Mongolia 4 days
Mongolia Generates USD 1.3 Billion from Tourism Industry in 2023 7 days
Mongolia and South Korea to Implement "Silk Road" Traditional Medicine Project 7 days
Foreign Minister Battsetseg to Chair 80th Session of ESCAP 7 days
Mongolia Submits Request to Host International Wrestling Competitions 7 days
Mongolian Pavilion at the 60th International Art Exhibition – La Biennale di Venezia 7 days
SKYTRAX Awards 4 Stars to Chinggis Khaan International Airport 7 days
Consul Battsetseg Meets Governor of Minnesota 8 days
UNGA Holds the "Sustainability Week" in New York 8 days
Mongolian 3x3 Basketball Teams Honored as "Go Mongolia" Ambassadors 8 days
“Craftsmanship, Worship, Enlightenment” Thangka Art Exhibition 8 days
Partnering with the Asian Development Bank on Public Transport 8 days
Decisions Made at the Cabinet Session 8 days
Mongolia has hosted 115,828 foreign tourists this year 9 days
President Khurelsukh Announces Establishing Orphanage for Children with Developmental Challenges 9 days
President Khurelsukh Announces Establishing Orphanage for Children with Developmental Challenges 9 days
Discussing Ideas on the Integration of Artificial Intelligence in Education 9 days
ASEAN Regional Forum Training Begins in Mongolia 9 days
Producer Bayartsetseg Appointed as Cultural Envoy of Mongolia 9 days
Empowering Young Entrepreneurs Through Training Programs 10 days
The Film "If Only I Could Hibernate" to Be Released in British Cinemas 10 days
Mongolian Educators Head to South Korea for Cultural and Educational Exchange 10 days
“Craftsmanship, Worship, Enlightenment” Thangka Art Exhibition Opens 10 days
Foreign Tourists Describe Mongolia as Modern, Safe, and Hospitable 10 days
Ulaanbaatar’s Potential: Recycling 44,420 Tons of Plastic Annually 11 days
"Tourism Week 2024" Begins Today with Mongolian Tourism Forum 11 days
Mongolia Receives Ten Medals at the Asian Wrestling Championship 11 days
Jet Sharing Mongolia Introduces 6,000 Electric Scooters with Shock Absorbers 11 days
MONTSAME News Agency, C.P.O Box 1514, B.Jigjidjav St-8, Chingeltei dist, Ulaanbaatar-15160, Mongolia
MONTSAME News Agency ©2024