KHAN BANK LLC
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Khan Bank LLC is Mongolia's leading universal commercial bank and has the country's largest MSME portfolio. Through its extensive network of 540 branches, the bank provides access to finance in even the most remote areas of Mongolia. Khan Bank has been a client of FMO since 2009 and is considered an important partner in Mongolia.
What is our funding objective?
Through the proposed syndicate FMO and Triodos will further support growth of the bank's loan portfolio with the senior tranche and simultaneously provide Tier II capital in an efficient manner with the subordinated tranche. Additionally, the senior tranche will be applied for on lending to SMEs.
Why do we fund this investment?
Our proposed facility will mobilize and catalyze funding which leads to an effective senior / subordinated syndicate of up USD 35 mln. Furthermore, long term USD funding remains scarce and unavailable except from DFI sources which will support Khan Bank’s ambition to remain the SME and retail bank of the country reaching out to most Mongolians.
More investments
| Date | Total FMO financing |
|---|---|
| 3/16/2023 | USD 35.00 MLN |
| 9/20/2021 | USD 30.85 MLN |
| 9/20/2021 | USD 30.50 MLN |
| 8/3/2023 | USD 42.00 MLN |
| 5/25/2021 | USD 10.00 MLN |
| 6/4/2020 | USD 5.00 MLN |
- Region
- Asia
- Country
- Mongolia
- Sector
- Financial Institutions
- Effective date
- 4/20/2015
- End date
- 6/4/2020
- Total FMO financing
- USD 20.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B