General Members
Name of Institution
Mongolia Asset Management Corporation LLC (MAMCO)Country
Mongolia (MON)Institution at a Glance:
Mongolia Asset Management Corporation LLC (MAMCO) was established on 30 August 2017. MAMCO works in Asset Management and NPL resolution through real practice and legal procedures in Mongolia.
MAMCO handles NPLs in both government and private sectors. In 2025 the company buys NPL portfolios from NBFIs, which directly reduces the distressed loan stock. This supports a more stable financial environment and improves recovery results nationwide. MAMCO operates as a subsidiary of Savings Bank.
Along with asset recovery work, MAMCO conducts four research studies based on Savings Bank cases:
- Non-performing loans recovery,
- Non-performing loans study,
- Court proceedings,
- Court decision enforcement activities
MAMCO continues to work on lowering recovery costs and improving financial stability in Mongolia through practical asset management.
Shareholder
MAMCO is owned by Savings Bank LLC and operates under the supervision of the Bank of Mongolia. The CEO of MAMCO also serves as the Receiver of Savings Bank LLC, appointed by the Bank of Mongolia to manage both public and private NPLs in Mongolia through MAMCO.
Accomplishments
Member Since: 2022
Key Officer
Enkhtur Minjuur, CEO
Contact Us
Mongolia Asset Management LLC
Labor Building, 7th Floor, 1st khoroo,
15160, Chingeltei district
Ulaanbaatar, Mongolia
Website: www.mamco.mn (under construction)