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Bank of Mongolia Special Bank Assessment

Request For Expressions of Interest

Versions
Edition 2:   Nov 3, 2009 (latest)
Edition 1:   Oct 22, 2009 (shown)

General Information
Country:   Mongolia
Notice/Contract Number:   BOM TA#2
Publication Date:   Oct 22, 2009
Deadline:   Nov 6, 2009
Funding Agency:   World Bank
Buyer:   Private Sector Development Project II. Ministry of Finance
Original Language:   English

Contact Information
Address:   Byadran Lkhagvasuren
Director, Supervision Department
Bank of Mongolia
Baga Toiruu 9
Ulaanbaatar 46
Mongolia
Telephone:   976-11-323435
Fax:   976-11-311471
Email:   Click here
Web Site:   www.mongolbank.mn

Assignments

 

Original Text

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The Bank of Mongolia has received technical assistance financing (approximately US$1 million equivalent) from the World Bank under the Second Private Sector Development Credit Project and intends to apply part of the proceeds towards the cost of the needed consultant services for special assessments of selected Mongolian commercial banks. A third party assessment is needed to examine the overall status of the systemically important banks in current economic conditions.
The services include evaluation of bank systems, polices, procedures and control; verification of asset quality, adequacy of loss reserves and capital and investments in other economic units and/or subsidiaries; and assessment of quality of earnings, interest rate and foreign exchange rate risks, liquidity position and off-balance transactions. Ten banks have been selected for the special assessments and they are grouped into three clusters. Group 1 includes the third largest bank by assets and two small banks that have close business relations with the first bank. Group 2 includes the second largest bank by assets and two large medium-sized banks. In Group 3 there is the largest bank by assets which has an extensive branch network in rural Mongolia. Group 3 also contains a large medium-sized bank and two small banks. The estimated level of services for Group 1 and Group 2 is 14 staff/weeks including a field trip of at least 28 days, respectively, while the scope of work for Group 3 is more limited and is estimated as 10 staff/weeks including a field trip of at least 15 days. The work is expected to be initiated in mid November, 2009, and should be completed as soon as possible but no later than January 2010.


The Bank of Mongolia (BOM) now invites eligible consultants to indicate their interest in providing the services either for all three groups or for an individual group of selected banks. Interested consultants must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc.). Consultants may associate to enhance their qualifications. In this case, consultants should indicate in their Expression of Interest whether they will associate in the form of joint venture or sub-consultancy arrangement. It is noted that in case of joint venture, all members of joint venture shall be jointly and severally liable for execution of contract and one member shall be appointed to represent the joint venture.

A consultant will be selected in accordance with the Selection based on the Consultant’s Qualifications (CQS) procedures set out in the World Bank’s Guidelines: Selection and Employment of Consultants by World Bank Borrowers dated May 2004 and revised in October 2006

Interested consultants may obtain further information at the address below during office hours from 0900 to 1800 hours (Mongolian time), Monday through Friday.

Expressions of interest must be delivered to the address below by November 6, 2009 via post or email
Please note that this notice is for your information only.
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