S&P Global Ratings assesses State Bank Sustainable Finance Framework as aligned with: Social Bond Principles, ICMA, 2023; Social Loan Principles, LMA/LSTA/APLMA, 2023; Green Bond Principles, ICMA, 2021 (with June 2022 Appendix 1); Green Loan Principles, LMA/LSTA/APLMA, 2023; Sustainability Bond Guidelines ICMA, 2021. State Bank was established in 2009 by the Government of Mongolia from assets of Zoos Bank. In 2013, State Bank acquired Savings Bank, at that time the fifth-largest bank in Mongolia.