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41911-014: MON: LOAN TO KHAN BANK
Project Data Sheet (PDS): Overview
Description
ADB's objective in the proposed transaction is to improve financial sector efficiency and depth, and contribute to diversification of the Mongolian economy. The growth of larger corporations is essential to the sustainable diversification of the economy. The growth of coporations is conditional on the availability of corporate lending services and financial services that meet the specific needs of larger companies.... Read More
| Country |
Mongolia |
|---|---|
| Borrower/Equity Investment Name | KHAN BANK |
| Project Number | 41911-014 |
| Project Type or Modality of Assistance |
Private Sector Loan and Equity |
| Financing | Private sector (Nonsovereign) |
| Status | Approved |
| Approval Number |
7259 |
| Approval Date | 02 Aug 2007 |
| Closing Date | 31 Dec 2009 |
| Geographical Location | Mongolia |
| Sector / Subsector Classification |
Finance / Banking Systems |
| Thematic Classification | Economic growth Private sector development |
| Safeguard Categories |
Environment: FI Resettlement: C Indigenous People: C |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
Responsible ADB Officer
Monisha A. Hermans
Email contact form
Responsible ADB Department
Private Sector Operations Department
Responsible ADB Divisions
Capital Markets and Financial Sectors Division
PDS Creation Date
04 May 2007
Last PDS Update
01 Aug 2007