International Investment Bank concluded an Agreement on a strategic partnership with Mongolian Khan Bank. It was signed by the CEO of Khan Bank Mr. Norihiko Kato and the IIB Chairman of the Board Mr. Nikolay Kosov during the solemn ceremony. The document stipulates building a long-term mutually beneficial relationship between the banks. According to the agreement the IIB and Khan Bank intend to develop cooperation in the following…  Read more

On October 22, 2013 Khan Bank of Mongolia and IFC signed an agreement for extending a loan in the amount of USD 111 million. This includes USD 71 million (MNT 121 bn) in syndicated senior debt and USD 40 million (MNT 68 bn) in subordinated debt. The funds will be used for long term funding to Khan Bank’s customers as well as the Bank’s capital base. This facility will be mobilized by IFC, the member of the…  Read more

USD 46 million credit arranged by the EBRD will help leading small business bank increase long-term lending to SMEs The EBRD is arranging a senior USD 46 million loan to Mongolia’s XacBank, the fourth largest bank and a leading small business lender in the country. This will be the first syndicated financing facility for the EBRD in Mongolia’s financial sector involving commercial banks, and one of the first syndicated loans…  Read more

The Chairman of the Board of the International Investment Bank Nikolay Kosov has met with Doloonjin Idevkhten, Ambassador Extraordinary and Plenipotentiary of Mongolia in the Russian Federation. Nikolay Kosov told the Ambassador about the measures undertaken within the framework of the realization of IIB’s development strategy and its transformation into a regional development bank. In particular, Mr. Kosov mentioned transitioning from project-based…  Read more