Khan Bank
BIO has given a USD 17.6 M loan to Khan Bank, Mongolia's largest commercial bank.
Amount
€ 15,441,236.00
Type of investment
Debt
Development impacts
- Local economic growth
Beneficiary locations
Investment field
Financial Institutions
Activity
Khan Bank LLC (“Khan”) is Mongolia’s largest commercial bank providing banking services to an estimated 70% of Mongolian families. Through its 537 branches and units nationwide, Khan provides access to finance in even the most remote areas of Mongolia to individuals, SME’s and corporate customers. Khan Bank’s loan exposure is predominantly in retail and SMEs.
Development impacts
-
Local economic growth
As the entity is the largest bank in Mongolia they are the most efficient channel to support economic growth. BIO’s funds, jointly with the other participants to the syndication make up to a USD 100 million. The amount is sizeable and reputable entities backing the company demonstrates the trust in Khan Bank, signaling the market positively.
View more of our investments in this region
Financial Institutions
TerraPay Payment Services
10,000,000.00
Cameroon, Côte d'Ivoire, Kenya, Senegal, Tanzania, Uganda, Bangladesh, India, Philippines, Vietnam
25/03/2024
Debt
Investment Companies & Funds
Omnivore Agritech & Climate Sustainability Fund III
3,500,000.00
India
01/07/2023
Equity
Investment Companies & Funds
South Asia Growth Fund III
10,000,000.00
India, Indonesia, Philippines, Vietnam
30/06/2023
Equity