Mongolia's financial market confidence stable

The American Chamber of Commerce in Mongolia

2018-05-31 13:22 GMT+8

Since 2016, the National Research and Consulting Center LLC (NRCC) has been conducting citizen surveys on confidence in the financial market.

As of the first quarter of 2018, the number of respondents who are confident about the Financial Regulatory Commission and non-banking financial institutions grew by 40 and 20 percent respectively, when compared to 2017.

According to data from four surveys conducted since 2016, individuals with higher education and higher income tend to be more confident in the financial market. It was also observed that men are more likely to be active in stock trading than women,  with men under 35 more interested in trading.

In the first quarter of 2017, 33.2 percent of survey respondents said that they received loans, whereas 44 percent of the survey respondents in 2018 said they received loans. The NRCC reported that individuals over the age of 35 tend to obtain loans from commercial banks while younger borrowers get secured loans from pawnshops.

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