Broadening inclusive and green finance in Mongolia

ILX participated in a syndicated loan originated by FMO to Khan Bank, Mongolia’s largest bank, widely recognised for its extensive customer reach, pioneering role in sustainable finance and dominant market position. The bank now serves almost 82% of Mongolia’s population through its extensive network of over 545 branches.

The loan proceeds support the banks sustainability and financial inclusion goals, with 30% allocated to green financing and 70% to Women/Youth/Agri SMEs. The financing also aims to introduce new lenders to the bank, thereby helping to diversify its funding sources.