Ulaanbaatar
Munkhtuya Rentsenbat appointed Khan Bank’s new CEO
Economy
Ulaanbaatar /MONTSAME/. Khan Bank has announced the appointment of Munkhtuya Rentsenbat as the Bank's new Chief Executive Officer (CEO), effective December 28, 2020.
Munkhtuya succeeds John Bell, who has been the CEO of Khan Bank since 2016.
Working in the finance industry for 26 years, Munkhtuya began her professional journey at Khan Bank as Chief Accountant in 2000, advanced to Director of Finance in 2005, Deputy CEO in 2008, and Vice President of Corporate Banking in 2010. As an accomplished banking professional with extensive experience, she held the positions of First Deputy CEO and Deputy CEO of the Bank from 2012 to 2020.
She is a graduate of University of Finance and Economics of Mongolia and holds a master's degree in economics and banking from National University of Mongolia. She earned an MBA from Handong Global University in South Korea.
The Board of Directors, Management Committee members, and colleagues at Khan Bank emphasize that her breadth of knowledge and experience has been instrumental to the organization. She has made valuable contributions to bringing Khan Bank to its present position as one of the nation's leading financial institutions, being an integral part of the Bank’s leadership during a time when it made significant and rapid advances in the business and financial sector.
Former CEO John Bell, whose dedication and efforts have strengthened Khan Bank position as a leading bank, will remain with the Bank in an advisory capacity, press release says.
Khan Bank, with over 550 branches nationwide, has created the nation’s largest digital banking network and ranked 4th among the Top 100 Entities of Mongolia, selected by the Government of Mongolia and Mongolian National Chamber of Commerce and Industry, for the fourth consecutive year.
As of September 30, 2020, having met all the prudential ratios set by the Bank of Mongolia, Khan Bank reached MNT 1.2 trillion in total equity and MNT 11.1 trillion in total assets, making up 31.5 percent of the banking industry and affirming Khan Bank’s leading position in the market.
