Financial sector is fully privatized, and now 16 banks, 141 non-bank financial institutions and 131 savings and credit cooperatives are operating in Mongolia. Profitability of banks was high compared to most advanced countries, which have return on assets ratio of 2.7 per cent in 2007. And three commercial banks such as Khan Bank, Xac bank and Trade and Development Bank of Mongolia are also rated by the agencies on its products, assets and activities. They are on its way to issue securities to foreign market.