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 first established on 30 August 2017 and had been initially incorporated as a sole subsidiary of Savings Bank LLC. On 20 October 2022, 10% of its shares was obtained by the central bank of Mongolia.
As its achievements, MAMCO has taken measures to recover 49 NPL’s of the Savings Bank. Out of those, a total of 29 NPL’s have been resolved and closed, and the remaining 20 NPL’s are still ongoing. Additionally, MAMCO had conducted 4 types of research based on the 4 cases of the Savings Bank namely:
- Non-performing loans recovery,
- Non-performing loans study,
- Court proceedings,
- Court decision enforcement activities
Shareholders
MAMCO is 90% owned by Savings Bank LLC and 10% owned by the Central Bank of Bank of Mongolia.
Accomplishments
Member Since: 2022
Key Officer
Enkhtur Minjur, CEO
Contact Us
Mongolia Asset Management LLC
Kholboochdyn Street 4
Chingeltei District, 1st Khoroo
Ulaanbaatar 15600, Mongolia
Website: www.mamco.mn (under construction)