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MEMORANDUM OF UNDERTANDING SIGNED BETWEEN MIK AND UFE
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2023-10-19

Yesterday, during World Ethics Day, a momentous collaboration was forged between the Mongolian Mortgage Corporation (MIK) and the University of Finance and Economics (UFE). The signing of this significant memorandum was conducted by B. Munkhbayar, the Rector of the University of Finance and Economics, and D. Otgonbileg, the Chief Risk Officer of "Mongolian Mortgage Corporation HFC" LLC.

This memorandum outlines a promising partnership between these two institutions, with a shared commitment to excellence in education and research. Their mutual goals encompass exchanging expertise within the mortgage financing ecosystem, facilitating career opportunities for graduates, and the execution of collaborative initiatives and programs.

During this significant occasion, D. Otgonbileg, Chief Risk Officer of "MIK HFC" LLC, expressed their delight at cementing this partnership by signing the memorandum. D. Otgonbileg underscored the vital role of this collaboration, stating, "We are pleased to forge this cooperative agreement. MIK places great emphasis on disseminating accurate knowledge regarding the mortgage loan ecosystem from reputable sources. Mortgage loans often spark a multitude of opinions, but the mortgage program in our country operates on its unique set of principles. Ensuring the accurate and accessible delivery of this information is of utmost importance."

B. Munkhbayar, the Rector of UFE, shared his sentiments, saying, "As UFE, one of Mongolia's oldest educational institutions, approaches its centennial milestone, we are actively engaged in various initiatives. It brings us immense pleasure to collaborate with a distinguished financial organization that is effectively advancing Mongolia's secondary mortgage market, especially on World Ethics Day."

Thus, this partnership between the reputable financial institution and the university, renowned for producing top-tier experts in finance and business, will entail a fruitful exchange of knowledge and valuable experiences.