News by country: Mongolia

IIB signed a loan agreement with Mongolian Capital Bank

IIB signed a loan agreement with Mongolian Capital Bank

Today, at its headquarters, the International Investment Bank concluded a loan agreement with the Capital Bank (Mongolia). The facility, in the amount of EUR 5 million and tenor of 4 years, will be directed for development of small and medium-sized enterprises in Mongolia. The Banks continued their cooperation, which started in October 2013, when they signed the first loan agreement, aimed at support of SME sector as well. The loan has become the eighth one, disbursed by the IIB in Mongolia…  Read more
IIB wraps up “the Year of Asia” – the 104th Council Meeting of the Bank in Vietnam concluded, followed by an international business forum

IIB wraps up “the Year of Asia” – the 104th Council Meeting of the Bank in Vietnam concluded, followed by an international business forum

On December 3-4, 2015, the highest governing authority of the International Investment Bank, the IIB Council, held its 104th meeting in Hanoi, Vietnam. The meeting marked the formal completion of IIB’s institutional reform, which started in 2012 – after their signing by the Czech Republic, all member states of the Bank have now adopted the new statutory documents, which will come into force after their ratification by all members, already finalized by Hungary. The underlying theme of the…  Read more
IIB extends a loan to the Development Bank of Mongolia

IIB extends a loan to the Development Bank of Mongolia

On September 14, 2015, the International Investment Bank has signed a loan agreement with the Development Bank of Mongolia in the amount of EUR 20 million for seven years. The loan facility will be used to support the SME sector, in particular to contribute to the implementation of socially significant projects in Mongolia. This is the seventh loan in the IIB’s current portfolio, which brings the total amount…  Read more
103rd IIB Council Meeting successfully concluded in Ulaanbaatar

103rd IIB Council Meeting successfully concluded in Ulaanbaatar

The highest governing authority of the International Investment Bank, the IIB Council, held its 103rd meeting — this time in Ulaanbaatar, Mongolia on June 4−5, 2015. Mongolia is not only an important shareholder and a founding member of the Bank, holding one of the nine votes in the Council and accounting for 20% of its loan portfolio at the end of May, but it is also one of two Asian member countries,…  Read more
International Investment Bank advances in Asia, signs three important documents during the 103rd IIB Council Meeting in Ulaanbaatar

International Investment Bank advances in Asia, signs three important documents during the 103rd IIB Council Meeting in Ulaanbaatar

Today, at the IIB-MBA Mongolian Business Forum «International Partners for Mongolia’s Development», co-organized with the Mongolian Bankers Association within the framework of the 103rd IIB Council Meeting in Ulaanbaatar, Mongolia and during the Year of Asia at the IIB, the Bank signed a credit rating agreement with the Chinese rating agency Dagong Global Credit Rating, as well as a Memorandum of Cooperation with the Mongolian Ministry of Finance and a grant agreement with the Mongolian…  Read more