Newly appointed Deputy CEO of the Development Bank

Former vice president of Khadgalamj Bank, S.Sandagdorj is appointed as the first Deputy CEO of the Development Bank of Mongolia. This post, the first CEO of the Development Bank has been vacant since last July. The Managing Board of the Development Bank reached the decision to appoint S.Sandagdorj as the first CEO of Development Bank last week. S.Sandagdorj received the post officially on 15th November. L.Bolormaa was the former first CEO of the Development Bank.

The Development Bank of Mongolia has the goals to maintain economic growth, disperse the growth across various fields, support added value products production and also helps to create ideas for financial decision for the country`s development policy.

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