BIO has given a USD 17.6 M loan to Khan Bank, Mongolia's largest commercial bank.
Type of investment
- Local economic growth
More investments in
- Subsidy € 40,978.30 (2019-2020)
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.
Local economic growth
As the entity is the largest bank in Mongolia they are the most efficient channel to support economic growth. BIO’s funds, jointly with the other participants to the syndication make up to a USD 100 million. The amount is sizeable and reputable entities backing the company demonstrates the trust in Khan Bank, signaling the market positively.