Loan: Khan Bank, A, 02.2012

Name: Loan: Khan Bank, A, 02.2012
Creator: Cbonds
License: https://creativecommons.org/licenses/by/4.0/

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Borrower

Profile

Khan Bank’s roots go back 80 years to the State Bank of Mongolia. When this monopoly bank was broken up in 1991, Khan Bank was formed to take over most of the State Bank of Mongolia’s regional and local offices throughout the country. With 500 branches across all of Mongolia with more than 4000 employees now, Khan Bank is the largest bank in Mongolia. Khan Bank finances corporate, small and medium businesses, consumers, and individuals. Since 2009, 100% of its branches are connected on-line and operating on a real time basis providing customers with direct access to all banking services from everywhere in Mongolia. Khan Bank's headquarters is located in the capital city of Ulaanbaatar (UB).

Borrower

Khan Bank
Sector

corporate
Full borrower name

Khan Bank LLC
Industry

Banks

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Loan information

Country

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Status

Granted
Type

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View

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Volume

25,000,000 USD
Signing

May 2012
Redemption

May 2017
Purpose of the loan

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Loan specifics

Interim loan, Islamic loan, With the participation of an international organization, Subordinated loan, Club credit, Multicurrency loan, Amortized loan, Deal with ECA, ESG
Settlement rate, %

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Loan extension

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Increase in loan amount

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Data for additional tranche

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Purpose of the loan (more)

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Changing the terms of the loan

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Security and guarantees

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Additional Information

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News

15/12/2023	Moody's Investors Service affirms Khan Bank at "B3" (LT- local currency credit rating); outlook stable
15/12/2023	Moody's Investors Service affirms Khan Bank at "B3" (LT- foreign currency credit rating); outlook stable
14/12/2023	Moody's affirms Khan Bank's B3 ratings; outlook remains stable (Rating action commentary)
09/07/2023	Fitch Ratings affirms Khan Bank at "B" (LT Int. Scale (local curr.) credit rating); outlook stable
09/07/2023	Fitch Ratings affirms Khan Bank at "B" (LT Int. Scale (foreign curr.) credit rating); outlook stable