Bank branches — all countries

Bank branches — Mongolia

Bank branches in Mongolia in 2024 — 58.99 per 100k. Ranked 4 in the world out of 153. Since 2004, the indicator has risen by 49.7%.

2024 58.99 per 100k −0.97% vs 2023
World rank 4of 153
Period maximum 70.57 per 100k2014
Period minimum 39.4 per 100k2004

Trend over time

2004–2024 · per 100,000 adults

Bank branches — Mongolia, 2004–2024304050607080200420062008201020122014201620182020202220242004: 39.4 per 100k2005: 41.15 per 100k2006: 45.7 per 100k2007: 52.73 per 100k2008: 56.82 per 100k2009: 53.82 per 100k2010: 54.22 per 100k2011: 65.31 per 100k2012: 67.72 per 100k2013: 70.15 per 100k2014: 70.57 per 100k2015: 69.48 per 100k2016: 69.21 per 100k2017: 69.45 per 100k2018: 68.91 per 100k2019: 63.88 per 100k2020: 62.67 per 100k2021: 61.37 per 100k2022: 60.45 per 100k2023: 59.57 per 100k2024: 58.99 per 100k
Change over the period: +19.59 (+49.72%) Average annual rate: 2.04 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Mongolia

Mongolia 58.99 per 100k
World 11.12 per 100k
East Asia & Pacific 11.23 per 100k
Eastern Asia computed 10.94 per 100k
Lower-middle-income countries computed 11.99 per 100k
Bank branches — Mongolia, by year Mongolia All countries CSV XLSX
Year per 100k Change Change, %
2024 58.99 −0.58 −0.97%
2023 59.57 −0.87 −1.44%
2022 60.45 −0.93 −1.51%
2021 61.37 −1.3 −2.08%
2020 62.67 −1.2 −1.89%
2019 63.88 −5.03 −7.3%
2018 68.91 −0.54 −0.78%
2017 69.45 +0.24 +0.35%
2016 69.21 −0.27 −0.39%
2015 69.48 −1.09 −1.54%
2014 70.57 +0.42 +0.6%
2013 70.15 +2.43 +3.58%
2012 67.72 +2.41 +3.69%
2011 65.31 +11.09 +20.46%
2010 54.22 +0.4 +0.75%
2009 53.82 −3.01 −5.29%
2008 56.82 +4.1 +7.77%
2007 52.73 +7.02 +15.37%
2006 45.7 +4.55 +11.07%
2005 41.15 +1.75 +4.43%
2004 39.4

Eastern Asia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

The number of commercial bank branches per 100,000 adults. The indicator was conceived as a measure of access to financial services, but it now calls for care in reading: in countries where banking has moved onto the phone, branches are closing, and a falling value means not a loss of access but a change in its form. The clearest case is Kenya and other countries of East Africa, where mobile money reached the population bypassing branches altogether.

Important: A measure of the physical presence of banks, not of access to financial services. Where mobile payments are widespread, a low value does not indicate financial exclusion.

Source: World Development Indicators (World Bank), license CC BY 4.0.