KHAN BANK NAMED AS BEST IN MONGOLIA

Ulaanbaatar /MONTSAME/ The international ‘Euromoney Awards for Excellence 2014’ event has been organized in Hong Kong awarding the best banks from around the world. At the ceremony, Khan Bank was named the ‘Best Bank in Mongolia’ for the seventh time, the bank’s website reported Monday. Khan Bank was given this prestigious award for its solid and strong financial performance, continued efforts in implementing large scale projects, bringing innovative banking products and services - such as the bancassurance, smart phone banking, and the latest transactional technology contactless card - to the Mongolian market, enhancing access and availability of E-banking services, as well as commitment to transparency, openness and fairness, which serves as the foundation to Khan Bank’s success. Since its creation in 1992, Euromoney magazine has been awarding the best performing banks over the last 23 years. Euromoney reported on, and championed, this market and its growth, in the process becoming the principal magazine of the wholesale financial world, its institutions and its users. Throughout the years, the magazine has picked the best performing banks in the categories of the ‘Best Global Bank’, ‘Best Regional Bank’ and ‘Country Awards for Excellence’ based on the careful analysis of each bank’s financial strength, scope of operations, acquired market share and sustainability.