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Broadcast 2018-04-23
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Khas Bank recognized as Best Bank for supporting small and medium enterprises


Purevsuren 2018-01-12 02:01

Asiamoney Awards 2018 by Euromoney magazine which recognizes the best financial institutions in Asia region named Mongolia`s private commercial Khas Bank as the Best Bank for supporting SMEs.

Khas Bank recognized as Best Bank for supporting small and medium enterprises. Asiamoney Awards 2018 by Euromoney magazine which recognizes the best financial institutions in Asia region named Mongolia`s private commercial Khas Bank as the Best Bank for supporting small and medium enterprises. Two third of small and medium enterprises are owned by women in Mongolia and they have the limited chance to receive financial supports. Thus, Euromoney`s article noted that Khas Bank has developed the soft term loans specifically aimed to help female business owners. Khas Bank in 2017 successfully attracted the financial sources with small interest rate from international financial institutions and investors such as OPIC – The Overseas Private Investment Corporation and IFC – International Finance Corporation with an aim to support small business owners specially the women owned businesses. In addition, Khas Bank received 40 million dollars worth of syndicate loan from European Bank for Reconstruction and Development. Moreover, Khas Bank has been cooperating with Japanese International Corporation Agency on a project for developing small and medium enterprises and protecting environment.

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