News by country: Mongolia

Fitch Ratings keeps IIB rating as investment grade

Fitch Ratings keeps IIB rating as investment grade

Following the decision of S&P Global that affirmed the long-term credit rating of International Investment Bank at “A-“ level with a negative outlook, on March 9, 2022 Fitch Ratings reviewed the institution’s long-term credit rating assigning “BBB” with a negative outlook. The decision affirms IIB’s average credit rating at investment grade. It is currently at par with a sovereign credit rating of Hungary, one of its main shareholder states. Despite a number of public announcements made by…  Read more
S&P Global affirms long-term rating of International Investment Bank  at

S&P Global affirms long-term rating of International Investment Bank at "A-" level

On March 9, 2022, international credit rating agency S&P Global affirmed long-term rating of International Investment Bank at “A-“. Among the main factors underpinning the decision, S&P indicates the solid capital position, comprehensive liquidity buffers and the special status of IIB as an international financial institution. Taking into account public statements of some European member states of the Bank regarding their possible withdrawal from IIB amid unfolding geopolitical events, the…  Read more
IIB supports gender equality and sustainability in Mongolia with a loan to Trade and Development Bank (TDBM)

IIB supports gender equality and sustainability in Mongolia with a loan to Trade and Development Bank (TDBM)

International Investment Bank (IIB) issued a loan facility of USD 15 million to one of Mongolia’s leading commercial banks – Trade and Development Bank of Mongolia (TDBM). The 5-year-term facility will provide funding for TDBM’s two specialised programmes aimed at further enhancement of the country’s sustainable development, namely, the Women Entrepreneurship Support Program (WESP) and Green Loan Program. In Mongolia, SMEs, especially women-led businesses, play an important role in the…  Read more
Continued support of the SME sector and green finance in Mongolia: IIB joins a USD 120-million syndicated loan facility to Khan Bank

Continued support of the SME sector and green finance in Mongolia: IIB joins a USD 120-million syndicated loan facility to Khan Bank

International Investment Bank (IIB) became a participant in a USD 120 million (EUR 101.5 million in equivalent) syndicated loan to Khan Bank – Mongolia’s leading commercial bank. Arranged by the Dutch development institution FMO, this facility has other major European development financial institutions, such as France’s Proparco and Germany’s DEG, as well as Atlantic Forfeiting Company Ltd. as its members. The borrower intends to allocate the funds to increase lending volumes for small and…  Read more
IIB continues to support its member states: the Bank will provide another loan for the SME sector development  in Mongolia

IIB continues to support its member states: the Bank will provide another loan for the SME sector development in Mongolia

International Investment Bank (IIB) announced the conclusion of a new loan agreement with the Golomt Bank of Mongolia that amounts up to USD 10 mln with a tenor of five years. The institution is one the major systemically significant players of the national banking sector, which provides financial services for individuals, SMEs, and corporate clients. The borrower intends to allocate the proceeds from this tranche to implement lending programs for the SMEs, to finance projects with the…  Read more