Deposit Insurance Corporation of Mongolia has made improvements on the restructuring and compensation and International Association of Deposit Insurers (IADI) has recognized it and selected them 2014’s Top Organizations. Deposit Insurance Corporation of Mongolia has structured the State Bank’s M&A with Savings Bank and supported the State Bank by total of 204.9 billion Tugriks, 119.9 billion tugriks asset and liabilities mismatching and own assets support of 85 billion tugriks. It has reasoned the financial sector’s stability and prevented from possible crisis. The International Association of Deposit Insurers has awarded them the prize on October 23rd, 2014 and helped the Mongolian banking sector to recognize at international level and increased the local people’s confidence.
It is the entity or the person who is holding current account and money accounts at the commercial banks.