FIF - Khan Bank MSME Loan (EBRD-48858)

  • Mongolia
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 18, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Sep 12, 2017

Disclosed by Bank Jun 13, 2017

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Project Description
A senior loan to Khan Bank of up to USD 30 million under the Financial Intermediary Framework ("FIF") for financing private MSME clients in Mongolia. The Project will channel long-term funding through one of the leading Mongolian banks to local MSMEs, including those operating in the regions, thus ultimately improving their access to finance. The Project supports Khan Bank's lending to private MSMEs in Mongolia by a multiple of EBRD's funding and focuses on maintaining Khan Bank's regional penetration and attraction of new MSME clients, which will ultimately promote the competitiveness of the local economy.
Investment Description
Khan Bank is one of the largest commercial banks in Mongolia by total assets and loan portfolio with a market share of 26.1% and 27.4% respectively. The bank has a universal focus and a nationwide presence through more than 530 offices.

Contact Information
Erdenedelger B., Director of Treasury and Investment Banking +976 11 332 333 +976 70 117 023 Khan Bank LLC Seoul Street-25, PO.BOX-192, Ulaanbaatar, Mongolia ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at or you can submit a complaint online using an online form, You can learn more about the PCM and how to file a complaint at