KHAN BANK SELECTED BANK OF THE YEAR AGAIN

Ulaanbaatar, /MONTSAME/ Global Finance magazine, headquartered in New-York city, USA, has named the "Best Emerging Market Banks in Asia" on March 16, 2010, based on its exclusive survey.
Global Finance selected best emerging market bank in the region and 20 countries and KHAN Bank has been selected as “The Best Bank in Mongolia". The news was sounded Monday by the Khan Bank's website.
This is the seventh year that the magazine has named KHAN Bank as “The Best Bank in Mongolia" . With 100% online 490 branch units throughout the country, the bank has been providing comprehensive financial services to over 80% of all families in Mongolia. KHAN Bank has been selected as "The Best Bank in Mongolia" for its achievements in last year such as the bank increased its equity 1.6 times reaching 128.3 billion MNT and became the first bank with one trillion MNT in assets and granted its five millionth loan in addition to launches of variety of innovative products in the market.
With input from industry analysts, corporate executives and banking consultants, Global Finance editors included growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products in criteria for choosing the winners.
Joseph Giarraputo, publisher of Global Finance magazine that has selected top banking performers in emerging markets for 17th year says "We remain in an unusually challenging environment for banks and their customers. More than ever, customers are demanding superior competence from their banking partners" . These are the leading banks best providing that competence. The world recognized award winners are HSBC, regional winner and world leading banks including ICBC Bank from China, Shinhan Bank from Korea, HDFG Bank from India.
B.Khuder
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