National Investment Bank is a privately owned investment bank incorporated in Mongolia, Ulaanbaatar city and started its operations in January 2002 as a a branch of Russian “Menatep Saint petersburg” bank in Mongolia. The bank executed all kinds of payments to and from Russia solely. In December 2005 bank capital increased up to 7,200,000 $ and by order of Mongolian Central Bank, on July 7,2006 it has been changed into National Investment Bank of Mongolia.  Now it is 100% privately owned, investment-oriented bank, established with the investments from Mongolia, Japan, USA,  Canada and Switzerland.

It was the first event in the investment banking, as well as in Mongolian banking market. Since widening its operation as Investment Bank of Mongolia, it had been running own business in the financial market for individuals and enterprizes. Soon it extended its operational frame to all kinds of  banking and financing services.

Financial history

National Investment Bank delivers all kinds of banking services to the customers except commercial banking and personal savings. NIB issues 1% of total loan amount of Mongolian banking sector.

Total assets of the bank reached MNT 17.9 billion and the outstanding loan balance stands at MNT 7.6 billion as of December 2006. Proper assets reach 8.3 billion tugriks.  
Return on equity /ROE/: 0,0003%, Return on assets / ROA/: 0,0005% . As working with a little benefit, those indicators has positive signs.  
 
National Investment Bank meets all of its prudential ratio requirements set by the Bank of Mongolia.
National investment bank aims to deliver its honest, qualified and reliable banking service to the customers.  The number of the customers is increasing day by day and by December 2006, our bank has 377 customers. The companies such as Yum Trade LLC, Cors International LLC, Ulaanbaatar Railway LLC, Just LLC, Altjin LLC, Rich Mogol LLC, Novosibirsk LLC of Russia are among our major customers.

Products and services

From the start, NIB offers the traditional services such as loan, L/C,  to buy or to deal with bonds, accounting, to make guarantee, business consulting.

Future notion of Bank

NIB aspires to become high beneficial based on mutual efficient operation between the bank and the national leading sector companies, solving their financial investment challenges. Supporting the domestic industrial and production sectors, the bank can provide national economic constancy and assist the economic development.

Prior purpose

The important purpose of the NIB is  to invest the national leading sectors, to develope the asssets market and to become the best investment bank of Mongolia.

Basic purposes

• To expand the estate in the banking sector centralizing the low-paid investment from the outer markets
• To run active operation in the asset market and to cooperate with domestic and international investors.
• To deliver loan services and products that meet the market and customer demands
• To deliver to the customers high quality and cheap services that satisfies their demands reliably.
• To introduce best and proven international practices in the internal operation of the bank