Source: News.mn                     Date: 13 April, 2011

A consortium of commercial banks led by the Trade and Development Bank (TDB) agreed on Monday to provide the Mongolian Stock Exchange (MSE) with USD14.2 million to be paid to the London Stock Exchange as fees for its management of the MSE and IT infrastructure for two years, to develop the country’s capital market to meet global needs and standards. This is the first such big loan from commercial banks and the State Property Committee is the guarantor.

The consortium includes, besides the TDB, Golomt Bank, Khan Bank, XacBank, Ulaanbaatar City Bank, and State Bank.