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