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DIFFERENT TYPES OF DEPOSITS OPTIONS ARE AVAILABLE. HOW DO YOU SEE THE FOUNDATION OF DEPOSIT AND SAVINGS AT THE MARKET?

96% of the total Financial system of the Mongolia comes from Banking sector and total deposit at commercial banks is counted at 6.9 trillion Tugriks by September. It was a good increase comparing to the previous year. To see video: bloombergtv.mn/post/19840/

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WHO IS THE INSURED DEPOSIT HOLDER?

It is the entity or the person who is holding current account and money accounts at the commercial banks.

WHAT IS DEPOSIT INSURANCE?

 

Deposit insurance is the system that provides a limited security or hedging against the risk to member commercial banks and their deposit holders in order to create systematic financial stability and public’s trust to the banking sector, by paying back compensation or contract terms in case of insurance case.  It is the entity or the person who is holding current account and money accounts at the commercial banks. 

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