Foreign banks among total banks (%) in Mongolia
Mongolia: Foreign banks among total banks (%) was 13.0% in 2013. ◆ Volatile
Foreign banks among total banks in Mongolia, 1995–2013
Source: Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10. Measured in %.
Analysis
In 2013, foreign banks among total banks in Mongolia stood at 13.0%. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 18.2% over ten years.
Over the whole period, foreign banks among total banks in Mongolia peaked at 13.0% in 2010 and was at its lowest, 0.0%, in 1995.
That places Mongolia 110th out of 137 countries with data for 2013, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign banks among total banks (%) in Mongolia, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 0.0% | — |
| 1996 | 0.0% | — |
| 1997 | 0.0% | — |
| 1998 | 0.0% | — |
| 1999 | 0.0% | — |
| 2000 | 0.0% | — |
| 2001 | 11.0% | — |
| 2002 | 11.0% | +0.0% |
| 2003 | 11.0% | +0.0% |
| 2004 | 11.0% | +0.0% |
| 2005 | 11.0% | +0.0% |
| 2006 | 10.0% | -9.1% |
| 2007 | 10.0% | +0.0% |
| 2008 | 11.0% | +10.0% |
| 2009 | 10.0% | -9.1% |
| 2010 | 13.0% | +30.0% |
| 2011 | 13.0% | +0.0% |
| 2012 | 13.0% | +0.0% |
| 2013 | 13.0% | +0.0% |
Mongolia compared with similar countries
- Mongolia's 13.0% is below the median for upper middle income countries, which is 41.0%, 32% of the median. (40 countries reporting)
- Mongolia's 13.0% is below the median for East Asia & Pacific, which is 30.0%, 43% of the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0% | 0.0% | 0.0% | 5 |
| 2000s | 9.6% | 0.0% | 11.0% | 10 |
| 2010s | 13.0% | 13.0% | 13.0% | 4 |
Countries ranked near Mongolia
More financial sector data for Mongolia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.13 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.55 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.13 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is foreign banks among total banks in Mongolia?
- Foreign banks among total banks in Mongolia was 13.0% in 2013, according to Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10.
- What is the highest foreign banks among total banks recorded in Mongolia?
- The highest recorded value was 13.0% in 2010.
- What is the lowest foreign banks among total banks recorded in Mongolia?
- The lowest recorded value was 0.0% in 1995.
- How does Mongolia rank for foreign banks among total banks?
- Mongolia ranks 110th out of 137 countries with data for 2013.
- Is foreign banks among total banks rising or falling in Mongolia?
- Over the last ten years it is up 18.2%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10, published as part of Foreign banks among total banks (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Percentage of the number of foreign owned banks to the number of the total banks in an Economy. A foreign bank is a bank where 50 percent or more of its shares are owned by foreigners.