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Is Mongolian Commercial Bank a private bank or a national bank?
Mongolian Commercial Bank is neither an individual enterprise nor a state-owned enterprise, but a limited liability company. It was established by the deposit insurance fund management company and some powerful state-owned enterprises. It is a joint-stock commercial bank where state-owned enterprises and private enterprises coexist.

As we all know, among more than 4,000 banking outlets in China, their nature is not exactly the same, and China's banking industry has different nature divisions. Take Mongolia Commercial Bank as an example. It belongs to a city commercial bank and has 20 billion shares. In addition to the Inner Mongolia Autonomous Region Finance Department holding 65,438+06.67%, Deposit Fund Management Co., Ltd. holds a total of 27.5%. In the years of development, banks have made continuous breakthroughs. Its business scope includes absorbing depositors' deposits, issuing loans with various maturities, accepting bills, discounting domestic and overseas settlement, issuing financial bonds and other basic financial services provided by banks.

When was Mongolian Commercial Bank established?

On April 30, 2020, Mongolia Commercial Bank was established according to law. The Bank is jointly established by Deposit Insurance Fund Management Company, China Construction Bank, Shang Hui Bank, Inner Mongolia Finance Department, Baotou Finance Bureau and some powerful state-owned enterprises. The bank is positioned as a city commercial bank, and its business scope is limited to Inner Mongolia Autonomous Region, mainly serving the economic and social development of Inner Mongolia. The financial department of Mongolia Commercial Bank Co., Ltd. aims to build a financial service integrator, providing financial customers with a package of financial services such as financing, intelligent integration, settlement, agency and wealth management.