Banking and Finance Academy (Mongolia) Insights

The Banking and Finance Academy in Mongolia is a reputable institution that provides top-notch education in the field of banking and finance. It has a strong reputation for producing skilled professionals who are in high demand.

The academy has a diverse student body, with students from various backgrounds and age groups. This diversity brings unique perspectives and experiences to the learning environment.

The academy offers a range of programs, including undergraduate and graduate degrees, as well as short-term courses and certifications. These programs are designed to equip students with the knowledge and skills needed to succeed in the banking and finance industry.

The academy's faculty consists of experienced professionals who are experts in their field. They bring real-world experience and knowledge to the classroom, making the learning experience more engaging and relevant.

The Banking and Finance Academy (BFA) in Mongolia is a training organization owned by several Mongolian banks. It was established to build skills in the financial sector.

The BFA has launched an online training series, teaching best practices for lending to small and medium-sized enterprises (SMEs) through the SME Financing course. This course is designed to equip loan officers in commercial banks with the practical skills required to address the unique challenges of lending to SMEs.

The SME Financing course is part of the Support to SME Development in Mongolia project, which is funded by the European Union and implemented by the European Bank for Reconstruction and Development. The project aims to support small businesses in Mongolia by providing advice directly to Mongolian entrepreneurs.

The course is online, making it more accessible to loan officers in rural areas where the country's low population density makes it difficult to reach. Participants who successfully pass the course will receive a certificate in SME lending.

The BFA's teaching method is unique, using Mongolian trainers to teach international best practices. This approach is seen as an effective blend of local knowledge and international standards, allowing for high-quality training at a locally-affordable price.

Over 1,000 loan officers currently practice in the country, and the BFA offers both online and classroom-based courses for those who prefer more traditional training methods.