Source: Khan Bank                    Date: 06 July, 2010

Khan Bank, the largest commercial bank in Mongolia, South Korea’s state-owned Export Import (EXIM) Bank have signed a loan agreement to support export and import trade financing in Mongolia. EXIM now offers USD10 million credit facilities to Khan Bank so that it can provide to its clients financial services like credit, guarantee and assurance in the next two years.

The two-year credit facility will help companies engaged in foreign trade with its flexible repayment terms, low interest rates, and protection from financial risks.

Trade does not have to be limited to South Korea.