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Number of stockholders in Mongolia reaches 2.4 million

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Number of stockholders in Mongolia reaches 2.4 million

In 2022, 595 organizations operated in the securities market, and the number of account holders had reached 2.4 million.

The 2022 report of the Financial Regulatory Commission is released and it showed that total securities trading decreased by 2.4 times from last year and reached 59 billion MNT. However, the market value increased by 15.2 percent, while the TOP-20 index decreased by 6,846.1 points.

There were 47 legal entities and 465 individuals trading in precious metals, precious stones and articles made from them operated with a special license and sold precious metals worth of 67 billion MNT and purchased precious metals worth of 700 billion MNT.

Furthermore, information on non-banking financial institutions (NBFIs) was included in the compilation. Last year, 513 NBFIs operated, while the number of its customers decreased by 3.9 percent from the previous year, and 94.2 percent of the all customers were fintech customers.

The number of lenders decreased by 29.2 percent, with fintech borrowers accounting for 78.8 percent. 

The number of savings and credit cooperatives decreased by 13 from the last year, and the number of members decreased by five percent. In 2022, the total assets of savings and credit cooperatives decreased by 8.1 percent from the previous year, as well.

There were 305 real estate brokerage companies who operated with a special license in the reported year and purchased the real estate worth of 1.7 trillion MNT in about 9,000 transactions.

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