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Khan Bank dominates Mongolia’s admittedly tiny banking system, with roughly 25% of all consumer deposits. The bank operates from more than 400 branches and employs almost 2,500 staff. It is the country’s largest taxpayer.
![John Bell, Khan Bank_AfE Asia_Mongolia_160x186](https://assets.euromoneydigital.com/dims4/default/295231e/2147483647/strip/true/crop/160x186+0+0/resize/800x930!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F39%2Fac%2F8028de87d601194c5a07533e4258%2F3288cdb5-a7b0-44c7-9b74-73dfdd7ae97ejohn-bell-khan-bank-afe-asia-mongolia-160x186.jpg)
Khan Bank focuses on retail and agricultural banking with its products in small retail deposits and micro loans, one of the reasons for its relatively high cost-income ratio of 63%, compared with more developed market standards. The bank is, however, profitable and growing quickly. In fiscal 2005, Khan Bank reported an increase of 51% in net profit, to $3.8 million on assets of some $182 million. Return on equity was 37%. Non-performing loans totalled 2.3% of assets and Khan Bank reported a capital adequacy ratio of 12%.