Translated version of this PSD: Mongolian
A senior Value Chain Financing ("VCF") loan to Khan Bank of up to USD 15 million under the Financial Intermediary Framework ("FIF") for financing private MSME clients in Mongolia.
The Project will channel long-term funding through one of the leading Mongolian banks to local MSMEs that are part of value chains with larger counterparties and thus will not only improve MSME access to finance but have a comprehensive impact by improving the integration and resilience of the economy.
The Project supports Khan Bank's lending to private MSMEs in Mongolia by a multiple of EBRD's funding and focuses on maintaining Khan Bank's regional penetration and attraction of new MSME clients, which will ultimately promote the competitiveness of the local economy.
KHAN BANK LLC
Khan Bank is one of the largest commercial banks in Mongolia by total assets and loan portfolio with a market share of 26.1% and 27.4% respectively. The bank has a universal focus and a nationwide presence through more than 530 offices.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Categorised FI (ESP 2014). Khan Bank is an existing client of the Bank and has adopted an Environmental Policy and Environmental and Social Procedures that largely satisfy requirements of Performance Requirements 2, 4 and 9. Khan Bank will need to apply their environmental and social procedures to all sub-loans funded out of EBRD funds, and ensure that sub-borrowers comply with national requirements for environment, health and safety and labour standards. Khan Bank will need to ensure an ongoing compliance with PRs 2, 4 and 9 and submit satisfactory annual environmental and social reports.
It is envisaged that the Project would be supported by technical cooperation to assist Khan Bank in the effort to strengthen the MSME lending capacity, through advice and assistance in implementation of measures aiming at lending expansion, risk management and staff training.
Company Contact Information
Erdenedelger B., Director of Treasury and Investment Banking
+976 11 332 333
+976 70 117 023
Khan Bank LLC Seoul Street-25, PO.BOX-192, Ulaanbaatar, Mongolia
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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