21 Oct MDS & KhanLex advises ADB on a USD 40 million credit line to Mongolian Khan Bank (Oct 2014)
MDS & KhanLex advised Asian Development Bank on its USD 40 million credit line to Khan Bank LLC to fund loans to micro, small and medium enterprises in Mongolia.
Khan Bank is Mongolia’s largest bank in terms of total assets, loans and deposits.
This is the second loan facility by ADB to a Mongolian commercial bank.
“We’re delighted to have worked with ADB, as a local counsel, on this successful transaction” said Commercial partner Enkhbat B. who led on this deal. “We are also pleased to have been able to support Khan Bank on this transaction which will diversify its long term funding and to boost its competitiveness in the Mongolian market.” Enkhbat was supported by Batjargal G. on this transaction.
Paine Stevens acted as the lead international counsel of ADB.