Khan Bank

Subsidy : January 2019 - April 2020

Khan Bank is Mongolia's largest commercial bank.

Amount

€ 40,978.30

Type of investment

Subsidy

Beneficiary locations

Asia: Mongolia

Investment field

Financial Institutions

Activity

KK.64.190 Commercial banking

Organisation

Khan Bank

Website

https://www.khanbank.com/en/personal

Domicile

Mongolia

More investments in

Khan Bank

Debt € 15,441,236.00 (2018-2023)

Khan Bank LLC (“Khan”) is Mongolia’s largest commercial bank providing banking services to an estimated 70% of Mongolian families. Through its 537 branches and units nationwide, Khan provides access to finance in even the most remote areas of Mongolia to individuals, SME’s and corporate customers. Khan Bank’s loan exposure is predominantly in retail and SMEs.

Whilst Khan Bank already has an existing ESMS in place, there is opportunity for further improvement. The purpose of this technical assistance is to upgrade Khan Bank’s ESMS by reinforcing the understanding and implementation of the IFC Performance Standards, providing training and transactional support. The objective of the upgrade of the ESMS is to better assess, mitigate, document and monitor impacts and risks associated with financing and investment, but also to identify business opportunities.