The FINANCIAL -- The EBRD and Mongolia’s largest bank Khan Bank have signed a participation agreement for USD 10 million under the EBRD Medium-Sized Co-Financing Facility (MCFF).

"The MCFF is designed to provide co-financing by EBRD for up to 50 per cent of Khan Bank’s loans to selected customers. This will allow Khan Bank to expand its lending capacity providing larger, longer term loans while reducing the risk of single borrower credit concentration. The signing of this agreement is an important part of Khan Bank’s strategy to diversify and develop its financial services and banking products," EBRD informs.