Bolor Chuluun-Erdene

Bogd Bank of Mongolia

Bogd Bank, Mongolia's first new bank of the millennium, was founded by the Luvsanvandan family, renowned for their leadership roles in government and commerce, to build upon their 20 year track record growing Golomt Bank to become Mongolia's largest and most respected bank under the ownership of the Bodi Group, one of the country's leading conglomerates. At this time when Mongolia is on the cusp of the world scale exploitation of its US$ 3 trillion mineral resources and its GDP poised for exponential growth, Bogd Bank will add a new dimension to the currently sclerotic domestic banking system combining its proven ownership and management expertise with an acute focus upon the unique strategic goal of meeting all the banking and financial requirements of the nation's corporate, institutional, entrepreneurial, and private banking clientele through a small number of branches delivering exemplary service standards in a highly cost efficient fashion. Having pioneered the entry of leading banks and sovereign wealth funds into Mongolia's banking sector, the owners and management are now replicating that successful strategy in inviting a small number of carefully selected international industry leaders to contribute and benefit from Bogd Bank's rapid ascent to a leadership role in the banking emergent market economies.