The stand-out banks in Sri Lanka, Mongolia, Myanmar

In May, FinanceAsia named the winners of its annual Country Awards for Achievement. Last month, winners were given ther awards at our annual awards dinner in Hong Kong. Today, we continue presenting the rationale for our decisions with a look at three frontier markets Mongolia, Myanmar and Sri Lanka.

Mongolia's Best Bank Khan Bank

Mongolia endured a torrid time over the past year due to the effects of the global commodity rout, which left the country’s mineral export-driven economy badly exposed.

That partially ended with the agreement this February of an Extended Fund Facility EFF with the...