B. Amarbileg, Director of the Administrative Department at the Deposit Insurance Corporation of Mongolia (DICOM), has been named the “Best Banker” of the year. The XIX Annual Meeting of the Mongolian Bankers Association (MBA) was successfully held on December 6, 2024. During this event, the “Best Banker” award was presented to individuals who have made exceptional contributions to the development of the banking sector, demonstrated outstanding professional achievements, and served as leaders within their teams.
B. Amarbileg played a pivotal role in the establishment of DICOM and has devoted the past 11 years to ensuring the successful implementation of the corporation's operations within the legal framework. His efforts have significantly strengthened DICOM’s contribution to maintaining the stability of Mongolia’s financial sector and advancing deposit insurance practices in line with international standards. Key achievements of B. Amarbileg include:
- Implementation of the Bank Deposit Insurance Law: Initiated the enforcement of the law and collaborated with Asian Development Bank consultants to develop and approve all related rules and regulations.
- Development of Operational Guidelines: Created, approved, and monitored the implementation of the corporation’s initial rules and regulations.
- Support for Financial Stability: Played a critical role in merging Savings Bank with State Bank, providing financial support to implement structural reforms at minimal cost. He also led the successful reimbursement process for clients and depositors of Capital Bank following its liquidation in 2019.
- Membership in the Financial Stability Council: Facilitated DICOM’s inclusion as a member of the Financial Stability Council in 2016, ensuring its role as a core component of Mongolia’s financial stability framework.
- Amendments to the Bank Deposit Insurance Law: Drafted and successfully advocated for amendments to the law, which were approved by the Parliament in 2018. These amendments granted DICOM the authority to conduct independent supervision of banks.
For his exceptional contributions, the government recognized B. Amarbileg with the title of Distinguished Financial and Banking Professional. On behalf of the entire DICOM team, we extend our heartfelt congratulations and gratitude to Director B. Amarbileg!