PROJECT

Projects

Summary of Investment Information

Project Number

38121

Company Name

KHAN BANK JSC

Date SPI Disclosed

Apr 13, 2016

Country

Mongolia

Region

East Asia and the Pacific

Projected Board Date

May 15, 2016

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Aug 2, 2021

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : May 31, 2016
Signed : Jul 20, 2016
Invested : Sep 21, 2016

Sector

Commercial Banking - General

Project Description

The proposed investment is a syndicated senior loan of up to US$100 million to Khan Bank LLC (the “Bank”), an IFC’s existing client, to strengthen the Bank’s capacity in supporting local micro and SMEs in Mongolia.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation