Like the United States, the banking industries of Britain, Ireland and Iceland brought up the rear, as their financial centres all suffered in the crisis.Iceland’s banks were ranked the fourth most unsound, rivalled only by Zimbabwe, Mongolia and Ukraine, while Britain was the ninth from last and Ireland the 13th worst.Like the United States, the banking industries of Britain, Ireland and Iceland brought up the rear, as their financial centres all suffered in the crisis.
Iceland’s banks were ranked the fourth most unsound, rivalled only by Zimbabwe, Mongolia and Ukraine, while Britain was the ninth from last and Ireland the 13th worst.
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Roy Dongen
2 years ago
I wonder where this list comes from and how it was drafted. Mongolia’s banking sector certainly faces difficulties but it cannot be justified it to be as unreliable or bad as Zimbabwe for sure.
First the Government and Central Bank have guaranteed all deposits.
Secondly the deposits in the banks are already several months growing rapidly.
Thirdly the major banks have reliable international shareholders or financers e.g. Golomt Bank has Credit Suisse and Khaan Bank a majority of Japanese shareholders.
Fourth the banking sector slowly resumes business as usual recently.