Capital Bank of Mongolia (CBM) is one of the first Commercial Banks of Mongolia and offering services in the scope of Banking Law and Mongol Bank (The Central Bank) license. In 1990, 16 state and private factories, business entities established the "Industrial Shareholding Bank" which virtually laid the foundation of the Capital bank. In 1998, the bank was renamed the "Innovation Bank" and at a meeting on 28 February 2003, all members of the Board approved a revised statue of the Bank and made the decision to change the name as "Capital Bank".
Since establishment of the bank, We have been operating activities in conformity with Mongolian Laws to meet the legal and publicly accepted performance standards, adhere strictly to ethical requirement in our banking business operations, strive for transparent and healthy business, honor the rights of our customers, satisfy all our customers' financial needs with friendly prompt services and provide financial services for nature friendly organization and individuals and disseminate this ideology to the public.
The main purpose of the bank's social responsibility is to ensure social needs. In this connected with environmental degradation, shortage of resource, social inequality and world economic crisis, corporate social responsibility covers all company's activities and programs designed to better preserve and protect the society. Therefore, Corporate governance and social responsibility is the key element of strategic target.
We, Capital bank aiming to be the nature-friendly "Green E-Bank" that supports small and medium sized enterprises. We prevent against financial crime, terrorism, money laundering and combat participating in illegal activities such as organized crime, drug and weapon business, human trafficking, chemical industries, and mining harmful for wild nature and environment
Today, the bank extends its banking service applying sophisticated techniques and leading edge technologies to 500.0000 customers through its 63 subsidiaries including the headquarter, 28 branches and settlement centers in Capital city, Ulaanbaatar, 35 branches and settlement centers in rural areas with a strong over 398 professional collective staffs.
Social responsibility policy of Capital bank is to carry on responsibility for its operation, and direct the policy for ensure social stability development. In accordance with social responsibility policy, MNT 1.2 billion was spent for social development and MNT 68.9 billion were lent for 796 entities respectively in 2011.
The bank has established active relationship with world's leading banks and financial institutions, have opened dollar, euro, pound sterling, ruble and yen nostro accounts with internationally reputable banks such as Commonwealth bank of Australia, Bank of Tokyo Mitsubishi UFJ Ltd, Japan, Commerzbank AG, Germany, International Bank for Economic Cooperation, Russia, Korea Exchange Bank, Republic of Korea, Bank of Inner Mongolia, Inner Mongolia Autonomous Region and China Construction Bank, People's Republic of China , Citi bank of Hong Kong and have been successfully undertaking international settlement and trade finance service by SWIFT network along with above mentioned banks. Therefore, the bank is offering fast RMB remittance transfer through ICBC bank, has introduced the Coinstar, a money transfer service, which is operating in more than 150 countries of the world and expanding its scope, delivering our banking and financial services to our overseas customers in an expedient way by becoming a bridge connecting them with Mongolia.
The bank is a member of several financial organization such as Mongolian Bankers Association, Mongolian Housing Corporation /MIK/, Training Center of Central Bank, Asian Bankers Association, as well as ADFIAP /Association of Development Finance Institution in Asia and Pacific/ and actively participating all types of events organized by these organizations.
The one of main goal of the Capital Bank is to support investments and development of small and medium sized enterprises. According to this policy, the bank is taking active part in those projects implemented by the Government of Mongolia and international organizations such as the World Bank's "Sustainable Livelihoods" project, "SME supporting project", "40 thousand apartments" and, ADRA's "Micro Economic development" project, as well as Mercy Cor's "Rural Agribusiness Supporting program", "JICA" project loan from Japanese government.
Our bank performed complex technical renovations and connected all branches and subsidiaries to online system, which maintained customer satisfaction and while allowing us to become a leader in "Electronic Banking".
In conclusion, We, Capital bank emphasized to provide fast and progressive modern banking service that suitable to international standard to achieve following goals:
At firstly Introduced the Coinstar, a money transfer service in April, 2005, which is operating in more than 150 countries of the world through 65000 agents, and expanding its scope, delivering our banking and financial services to our overseas customers in an expedient way by becoming a bridge connecting them with Mongolia
We marked Children savings "Unagaldai" that is financial program for children
The bank introduced UBIBOR floating interest with higher and convertible interest.
In scope of bank's main purpose, we introduced "Lotus Domino" program of IBM to serve for our customers and implement goal to be Electronic Bank .
The bank is cooperating with Forex Capital Market company, which operates for 24 hours around the world to expand the services for customers.