Khan Bank's head office is located in the capital city of Ulaanbaatar, and it houses executive and administrative offices, as well as a full service bank. There are 21 regional branch offices throughout the country, each of which supervises an additional 15 to 25 smaller branches in its area. The regional branches are fully automated centers for consolidating the region's service activities, and they are connected to the head office by satellite. Each branch directly serves the banking needs of a community of 15,000 to 60,000 people. Even the smallest branches, with a two or three person staff and minimal overhead, offer full banking services to their local communities. Khan Bank currently has over 3,786 employees -485 are based in Ulaanbaatar at the headquarters and city branches, and the remaining are based in the 436 regional and local branches. Khan Bank is recognized as an industry leader in the design and delivery of financial services in Mongolia. It has a well trained and highly educated staff of motivated bankers who are moving Khan Bank and Mongolia to new levels of banking. Khan Bank's roots go back 80 years to the State Bank of Mongolia. When this monopoly bank was broken up in 1991, Khan Bank was formed to take over most of the State Bank of Mongolia’s regional and local offices throughout the country.