CAPITAL BANK OF MONGOLIA
It is a
commercial bank in Mongolia with the focus on providing
investment to small and medium size enterprises across the
country. It serves 500,000 customers through its 63 subsidiaries
and has a network of 28 bank branches and settlement centers in
the capital city and 35 branches and settlement centers in the
rural areas of Mongolia.
The bank’s vision is to be a nature-friendly “Green E-Bank” that supports the small and medium enterprises in Mongolia. The aims of Capital Bank's project financing are to: protect the natural environment; develop and support country’s SMEs; reduce unemployment and poverty; and to provide affordable housing to the masses.
The bank has launched the “Organic Mongol Program” to support the production of organic brand products of Mongolia. The program is providing financing to those who so far had no access to formal banking services. Through its “Market and Pasture Administration Project” which is endorsed by the Government of Mongolia, the Capital Bank is contributing in reducing poverty, developing agricultural sector and enhancing women’s participation in economic activities of the country.
played a significant role in the success of Atar-3 project of
the Government of Mongolia aimed to enhance agricultural
productivity in the country. Through the succes of this project,
Mongolia is now able to meet 100% of its domestic demand of
wheat and potato and thereby enhancing the food security.
One of pioneer programs of the Capital Bank in promoting environmental friendly industry is its Long-Term Financing Support to SMEs for environmental-friendly local production. The bank is also collaborating with the Japan International Cooperation Agency for mitigating air pollution and in promoting sustainable development by financing renovation of thermal power plants and production of energy efficient insulating materials.
Capital Bank also partnered with the "Sustainable Livelihood-2" Project of the Micro-Finance Development Fund of the World Bank which helps improve livelihood security. About 1.7 million people have benefited from this program. In addition, the Capital Bank also specializes in providing project loans of the Ministry of Food, Agriculture and Light Industry to the Cashmere and Wool Industries in Mongolia.
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