Deposit insurance corporations

Establishment: July 14, 2013

The Bank deposit insurance law was adopted by the Mongolian parliament on January10, 2013, and laid down the legal basis for the establishment of the Deposit Insurance Corporation of Mongolia (DICoM)with the mandate to protect depositors’ interests and ensure financial stability. The DICoM is a nonprofit, state owned corporation that acts as an independent agency of the Government to implement the deposit insurance scheme. August 16, 2013 it hosted the official opening ceremony among the higher ups of the company in which it was awarded official bank certificate.

VISION

The mission of DICoM is to ensure financial stability of Mongolia, enhance public confidence in the banking sector and create an acceptable deposit insurance scheme that meets international standards.

Mission

National Committee

Mr. DULGUUN Ganbyamba

Chairman of the National committee
 
Bank of Mongolia, First Deputy Governor

    Mr. TSERENBADRAL Tudev

    Member of the National commitee
     
     
     
    Vice-chairman of the Financial Regulatory Committee

      Mr. GANBAT Jigjid

      Member of the National commitee
       
       
       
      Сангийн Яамны Төрийн Нарийн бичгийн дарга

        Mr. BATSAIKHAN Namkhai

        Member of the National commitee
        Монголбанкны Ерөнхийлөгчийн ажлын албаны Санхүүгийн зах зээлийн асуудал хариуцсан ахлах референт

          Mr. AMAR Lkhagvasuren

          Member of the National commitee
           
          Ceo of Mongolian Bankers Association

            Mr. BAATARSUREN Sukhbaatar

            Member of the National commitee
            Acting CEO of Deposit Insurance Corporation of Mongolia

              Mr. SUKH-OCHIR B

              Member of the National commitee
               
              Director of the Financial Policy Department of the Ministry of Finance

                STRUCTURE, ARRANGEMENTS

                Functions of the deposit insurance corporation

                OFFICE DIVISION

                Тамгын хэлтэс нь корпорацийн дотоод үйл ажиллагааг удирдан зохион байгуулах, корпорацийн удирдах дээд байгууллага болох Хадгаламжийн даатгалын Үндэсний хорооны шийдвэрийн биелэлтийг хангуулах, корпорацийн хүний нөөцийн бодлогыг хэрэгжүүлж, гадаад, дотоод сургалт, семинар, туршлага судлах арга хэмжээг зохион байгуулах

                LEGAL DIVISION

                This Department is responsible for the development of proposals to improve the legal environment of the corporation, reviewing the legal background of the resolutions, orders, decisions, agreements, and memorandum as well as other documents to comply with the laws, documentation of the policy, and regulations and to comment on any conflicts and disputes related to the internal and external activities of the corporation, to represent the corporation in court.

                INFORMATION AND TECHNOLOGY DIVISION

                Корпорацийн үйл ажиллагааг хэвийн явуулах мэдээллийн технологийн ашиглалт, аюулгүй байдлыг хангах, холбогдох дүрэм, журмыг батлуулж хэрэгжүүлэх, програм хангамжийн хэвийн ажиллагааг хангах, дотоод гадаад сүлжээг зохион байгуулах, аюулгүй байдлыг хангах, нууцлал, хамгаалалтын үйл ажиллагааг хариуцах, мэдээллийн сангийн баяжуулалт, мэдээллийг боловсруулах, мэдээллийн нууцлал, нөөцлөлт, үл тасалдах ажиллагаа, өргөтгөл, шинэчлэлт, хадгалалт, хамгаалалтыг хариуцах, Корпорацийн дотоод сүлжээний програм болон цахим хуудасны хэвийн үйл ажиллагааг хангаж, шаардлагатай бол хөгжүүлэлт хийх

                REIMBURSEMENT AND RESTRUCTURING DIVISION

                Хадгаламжийн даатгалын нөхөн төлбөр олгох болон банканд санхүүгийн дэмжлэг үзүүлэх үйл ажиллагааны бэлэн байдлыг хангах, удирдан зохион байгуулах, арилжааны банкнаас тайлан мэдээ, мэдээлэл гаргуулан авч, болзошгүй нөхөн төлбөрийн хэмжээ болон санхүүгийн дэмжлэгийн хэмжээг тооцоолох, авлага барагдуулах үйл ажиллагааг удирдан зохион байгуулах

                RISK MANAGEMENT DIVISION

                Хадгаламжийн даатгалын албан журмын даатгалын дагуу арилжааны банкнаас даатгалын хураамж төвлөрүүлэх, хадгаламжийн даатгалын сангийн хөрөнгийг хуульд заасны дагуу удирдан зохион байгуулах, банкны  эрсдэлийг үнэлэх зорилгоор арилжааны банкнаас тайлан, мэдээ мэдээлэл төвлөрүүлэх, мөн дотоод болон гадаад орчны эрсдэлийн үнэлэх зорилгоор судалгаа, шинжилгээ хийх

                SUPERVISION DIVISION

                Банкин дахь мөнгөн хадгаламжийн даатгалын тухай хууль болон хадгаламжийн даатгалын корпорациас батлан гаргасан дүрэм, журам, зааврын хэрэгжилтийг хангах зорилгоор арилжааны банканд зайнаас болон газар дээр хяналт, шалгалт хийж холбогдох арга хэмжээг авах, арилжааны банкнаас ирүүлсэн тайлан мэдээ, мэдээллийн үнэн зөв байдлыг газар дээр нь шалгаж холбогдох арга хэмжээ авах, мөн шаардлагатай тайлан мэдээ, мэдээллийг арилжааны банкнаас нэмэлтээр гаргуулан авах

                FOREIGN RELATIONS AND COOPERATION DIVISION

                Expanding foreign and domestic cooperation, organizing work related to foreign assignments and training, participating in and organizing international conferences, following the basic principles of deposit insurance and ensuring implementation, creating a research and database, researching and analyzing the best practices of foreign countries.

                This Division is responsible for the dissemination of knowledge about Deposit insurance system and the operation of corporation, organization, and cooperation with the public on banking and deposit insurance as well as communication with media, development of the corporate website and other social networks; as well as development and implementation of the program focusing on improving public awareness on financial education.

                FINANCE AND ACCOUNTING UNIT

                Functions of Finance and Accounting Unit The Unit oversees the maintenance of the Corporation accounting, financial statements, and daily settlements; compilation and reporting of financial statements, compliance, and implementation of Glass Account Law

                Time line

                2022-06-08

                S. Baatarsuren, Acting CEO of Deposit Insurance Corporation of Mongolia, has been elected as the Chairman of the Euro-Asia Regional Committee for a period of 3 years
                2022-06-08

                2022-04-08

                Capital Bank depositor’s reimbursement procedure have ended
                2022-04-08

                2021-10-31

                The "World Savings Day-2021" campaign has been jointly organized for the 8th year since 2013
                2021-10-31

                2021-09-30

                Joined the working group to ensure the implementation of the med-term plan for improving the financial knowledge of micro, small and medium industries and service providers
                2021-09-30

                2021-04-01

                ”World Money Week-2021“international campaign was organized under the slogan” learn-accumulate-grow"
                2021-04-01

                2021-03-12

                Deposit Insurance Corporation participated in the “10 trillion comprehensive plan to protect health and revive the economy” implemented by the government
                2021-03-12

                2020-12-31

                The “Charter of the State Inspector of the Deposit Insurance Corporation” has been amended and approved by the Governor of the Bank of Mongolia or the State Inspector General.
                2020-12-31

                2020-09-10

                The “Temporary Procedure on the Insurance claim during Coronovirus /COVID-19/ pandemic” was approved by National Committee’s resolutions No.111 and No.114, respectively.
                2020-09-10

                2020-08-10

                On-site inspections of commercial banks have begun.
                2020-08-10

                2020-07-08

                Wrote regulation on the temporary deposit insurance premium policy for use during the Coronavirus (COVID-19) pandemic, and had it authorized by the National Committee with Resolution No. 105.
                2020-07-08

                2020-07-08

                The “Temporary Regulation on Bank Reports, Data and Information Submission during Coronovirus /COVID-19/ pandemic”was approved by National Committee’s resolution No.106.
                2020-07-08

                2020-07-06

                The “Regulation on providing financial assistance to a bank”has been approved by National Committee’s resolution No.109.
                2020-07-06

                2020-05-01

                The organizational structure of the corporation was amended and approved by National Committee’s resolution No.99.
                2020-05-01

                2020-04-01

                The “Procedure of Investment” has been approved by National Committee’s resolution No.92.
                2020-04-01

                2019-12-13

                Regulation was amended and authorized.

                “Regulation on Bank Reports, Data and Information Submission” has been amended
                2019-12-13

                2019-12-13

                Regulation was amended and authorized.

                13.Dec.2019 “Regulation on Bank Reports, Data and Information Submission” has been amended.
                2019-12-13

                2019-04-08

                Khan Bank was selected as the pay-out agent bank.

                Khan Bank was selected as the payout agent bank.
                2019-04-08

                2019-04-08

                Capital Bank was liquidated.

                The decision on reimbursing deposit account holders of Capital Bank has been approved.
                2019-04-08

                2019-04-01

                Made additions to the regulation.

                Made additions to the regulation on selection of the reimbursing bank.
                2019-04-01

                2018-11-22

                Single Customer View /SCV/ загварыг боловсруулж, батлууллаа

                Developed and approved the Single Customer View /SCV/ template.
                2018-11-22

                2018-11-22

                 
                The “Rules of the Deposit Insurance Corporation” have been amended and approved.
                2018-11-22

                2018-11-22

                Regulation was renewed and authorized.

                The “Procedure of Deposit Insurance Reimbursement” has been amended.
                2018-11-22

                2018-11-22

                Regulation was renewed and authorized.

                The “Regulation on Providing Financial Assistance” has been amended.
                2018-11-22

                2018-11-22

                The investigator regulation was authorized.

                БДМХДТ хуульд орсон нэмэлт өөрчлөлтөөр ХДК банканд бие даан хяналт шалгалт хийх эрхтэй болж, холбогдох улсын байцаагчийн дүрэм журмыг баталсан.
                2018-11-22

                2018-04-01

                Became member of the board.

                Became a member of the Financial Stability Council.
                2018-04-01

                2018-02-08

                Passed by the state parliament.

                “Банкин дахь мөнгөн хадгаламжийн даатгалын тухай хууль”-д нэмэлт өөрчлөлт оруулж УИХ-аар батлуулсан.
                2018-02-08

                2017-05-30

                Established Memorandum of Understanding with Bank of Mongolia.

                Хууль тогтоомжид заасан чиг үүргээ хэрэгжүүлэхэд шаардлагатай мэдээ солилцох, хамтран ажиллах зорилгоор Монголбанктай харилцан ойлголцлын санамж бичиг байгуулсан.
                2017-05-30

                2017-05-11

                Established Memorandum of Understanding with the Ministry of Finance.

                Established Memorandum of Understanding with the Ministry of Finance with the intent to contribute to Mongolia’s financial stability, protect the rights of depositors, and strengthen the deposit insurance system.
                2017-05-11

                2017-03-16

                The World Bank made assessments

                The World Bank made assessments based on lADI’s Core Principles of Deposit Insurance
                2017-03-16

                2016-08-15

                Enhancing Asset Recovery”

                Host for the workshop “Enhancing Asset Recovery”
                2016-08-15

                2016-07-04

                Signed a Memorandum of Cooperation.

                Signed in Memorandum of Understanding with a Russian Deposit Insurance Agency.
                2016-07-04

                2015-09-02

                “The enhancement of the financial education”

                Started the implementation of the “The enhancement of the financial education” program
                2015-09-02

                2015-07-24

                Signed in Memorandum of Understanding with a Taipei Deposit Insurance Corporation.
                2015-07-24

                2014-03-24

                Signed in Memorandum of Understanding with a Japanese Deposit Insurance Corporation.
                2014-03-24

                2014-10-23

                Annual award from the International Association

                Annual award from the International Association of the Deposit insurance under nomination Restructuring the banking, claim settlement”
                2014-10-23

                2014-08-13

                Signed in Memorandum of Understanding with a Korean Deposit Insurance Corporation.
                2014-08-13

                2013-12-21

                Became the 72nd member of the International Association of Deposit insurance.
                2013-12-21

                2013-10-02

                Provided financial assistance to State bank.
                2013-10-02

                2013-08-16

                Арилжааны банкнуудад гэрчилгээ олгов.
                2013-08-16

                2013-06-14

                The Deposit Insurance Corporation was established.
                2013-06-14

                2013-01-10

                “Банкин дахь мөнгөн хадгаламжийн даатгалын тухай хууль” батлагдав.
                2013-01-10
                EN

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