Khan Bank establishes agreement with TURK EXIM Bank

2015-09-29 20:04:31

Ulaanbaatar /MONTSAME/ The Khan Bank, one of the biggest commercial banks in Mongolia, has signed USD 20 million trade facility agreement with TURK EXIM bank.

The bank’s website reported the news on September 25.

In the framework of trade finance and international cooperation, Khan Bank executed a trade facility agreement of USD20 million with TURK EXIM bank. The bank is now fully capable to support financing needs of our clients’ cross border trade with Turkish companies.

The Khan Bank is privileged to contribute to the development of trade and economic collaboration between Turkey and Mongolia on the anniversary of 45 years of diplomatic relationship between two countries, by offering import financing solutions with flexible terms and conditions for up to seven years to our esteemed clients, the website says. Besides close collaboration on trade finance with TURK EXIM, the Khan Bank cooperates with many other Turkish banks including Yapi ve Kredi Bankasi AS, Akbank TAS, Turkiye Cumhuriyeti Ziraat Bankasi AS and a regional branch office of ING bank in Turkey.