EBRD organises US$145 million package for Mongolia's Khan Bank
Mongolia, May 14 -- The European Bank for Reconstruction and Development (EBRD) is organising a financing package of up to US$ 145 million (€140 million) for Mongolia's biggest lender, Khan Bank, in what is its largest bilateral transaction with a Mongolian financial institution to date.The funding will support the introduction of technologies to enable climate adaptation and improve resource efficiency, creating new growth opportunities for small and medium-sized enterprises (SMEs) owned or led by women.The package consists of a senior loan of up to US$ 75 million (€72.4 million) under the EBRD's Green Economy Financing Facility (GEFF), of which up to US$ 60 million (€57.9 million) will be provided by the EBRD and up to U...
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