Commercial bank branches in Mongolia
Mongolia: Commercial bank branches was 58.99 per 100,000 adults in 2024. ▲ Rising
Commercial bank branches in Mongolia, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 100,000 adults.
Analysis
In 2024, commercial bank branches in Mongolia stood at 58.99 per 100,000 adults.
The figure is down 1.0% on the previous year and down 16.4% over ten years.
Over the whole period, commercial bank branches in Mongolia peaked at 70.57 per 100,000 adults in 2014 and was at its lowest, 39.4 per 100,000 adults, in 2004.
Mongolia ranks 4th of 185 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 21 years of available data.
Commercial bank branches in Mongolia, year by year
| Year | per 100,000 adults | Change |
|---|---|---|
| 2004 | 39.4 per 100,000 adults | — |
| 2005 | 41.15 per 100,000 adults | +4.4% |
| 2006 | 45.7 per 100,000 adults | +11.1% |
| 2007 | 52.73 per 100,000 adults | +15.4% |
| 2008 | 56.82 per 100,000 adults | +7.8% |
| 2009 | 53.82 per 100,000 adults | -5.3% |
| 2010 | 54.22 per 100,000 adults | +0.7% |
| 2011 | 65.31 per 100,000 adults | +20.5% |
| 2012 | 67.72 per 100,000 adults | +3.7% |
| 2013 | 70.15 per 100,000 adults | +3.6% |
| 2014 | 70.57 per 100,000 adults | +0.6% |
| 2015 | 69.48 per 100,000 adults | -1.5% |
| 2016 | 69.21 per 100,000 adults | -0.4% |
| 2017 | 69.45 per 100,000 adults | +0.3% |
| 2018 | 68.91 per 100,000 adults | -0.8% |
| 2019 | 63.88 per 100,000 adults | -7.3% |
| 2020 | 62.67 per 100,000 adults | -1.9% |
| 2021 | 61.37 per 100,000 adults | -2.1% |
| 2022 | 60.45 per 100,000 adults | -1.5% |
| 2023 | 59.57 per 100,000 adults | -1.4% |
| 2024 | 58.99 per 100,000 adults | -1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 48.27 per 100,000 adults | 39.4 per 100,000 adults | 56.82 per 100,000 adults | 6 |
| 2010s | 66.89 per 100,000 adults | 54.22 per 100,000 adults | 70.57 per 100,000 adults | 10 |
| 2020s | 60.61 per 100,000 adults | 58.99 per 100,000 adults | 62.67 per 100,000 adults | 5 |
Countries ranked near Mongolia
- 1 San Marino 120.76 per 100,000 adults compare
- 2 Bulgaria 93.84 per 100,000 adults compare
- 3 Bolivia, Plurinational State of 63.46 per 100,000 adults compare
- 5 Uzbekistan 56.61 per 100,000 adults compare
- 6 Luxembourg 46.08 per 100,000 adults compare
- 7 Macau, China 44.3 per 100,000 adults compare
More financial sector data for Mongolia
- Total reserves in months of imports, annual growth rate -8.23 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 15.46 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1673 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,189 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 15.02 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,209 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 21.09 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 1,433 SDR per person (2025)
Frequently asked questions
- What is commercial bank branches in Mongolia?
- Commercial bank branches in Mongolia was 58.99 per 100,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest commercial bank branches recorded in Mongolia?
- The highest recorded value was 70.57 per 100,000 adults in 2014.
- What is the lowest commercial bank branches recorded in Mongolia?
- The lowest recorded value was 39.4 per 100,000 adults in 2004.
- How does Mongolia rank for commercial bank branches?
- Mongolia ranks 4th out of 185 countries with data for 2024.
- Is commercial bank branches rising or falling in Mongolia?
- Over the last ten years it is down 16.4%. The long-run trend across the full record is rising.
- Where does this Mongolia data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Commercial bank branches (per 100,000 adults). Statizoid updates them automatically from the source API.
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About this data
Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks that provide financial services to customers and are physically separated from the main office but not organized as legally separated subsidiaries.