Ulaanbaatar
Around 2,500 borrowers receive MNT 153 billion of loans to support employment
Economy
Ulaanbaatar /MONTSAME/. During its regular meeting held on March 31, the cabinet heard a presentation on the programs to support the country’s economy within the framework of the ‘MNT 10 trillion Comprehensive Plan for Health Protection and Economic Recovery’.
Loan program to support employment: As of March 29, commercial banks have issued loans totaling MNT 152.8 billion to 343 entities and 2,088 individuals. Average loan amount granted to individuals is MNT 38 million, and MNT 210 million for companies.
Long-term repo financing loan program: MNT 185.5 billion worth of loans were issued to 1,078 businesses and 280 individuals. Average loan amount granted to individuals is MNT 123 million, and MNT 140 million for businesses.
Mortgage loans: 2,043 borrowers received MNT 153.8 billion of mortgage loans in total. The average mortgage amount issued in Ulaanbaatar is MNT 83 million and MNT 55 million in rural areas.
