Supporting small business in Mongolia

State
Mongolia
Client
Golomt Bank
Implementation date
2021
Volume
USD 8 mln
Field of activity
SME
IBEC confirmed the standby letter of credit (SBLC) of Golomt Bank to guarantee the fulfillment of obligations under the loan by the Mongolian side. The total amount of IBEC’s participation exceeded USD 8 million with the tenor of up to 13 months. The SBLC confirmed by IBEC provided the most optimal conditions and structure for the transaction between Golomt Bank and MKB, and comfortable conditions for end borrowers.

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