PROJECT

Projects

Summary of Investment Information

Project Number

33515

Company Name

KHAN BANK JSC

Date SPI Disclosed

Aug 27, 2013

Country

Mongolia

Region

East Asia and the Pacific

Projected Board Date

Sep 27, 2013

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Aug 9, 2023

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Sep 26, 2013
Signed : Oct 8, 2013
Invested : Oct 29, 2013

Sector

Commercial Banking - General

Project Description

The proposed project intends to provide a 5 year subordinated loan of up to US$ 40 million to Khan Bank LLC (Khan Bank, the Bank), an IFC existing client, to enhance the Bank’s capital strength and capacity in supporting local SMEs.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation