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The Bank of Mongolia provided MNT 50 billion in repo trading

The Bank of Mongolia provided MNT 50 billion in repo trading

As of April 23, 2021, banks have issued a total of 268 billion MNT in loans to 1,667 companies with long-term repo financing from the Bank of Mongolia. On April 26, 2021, the Bank of Mongolia organized a repo trade worth 50 billion MNT based on the proposals submitted by banks in order to continue lending in the field of repo trading.

Due to the outbreak of the Kovid-19 epidemic, banks are accepting loan applications online and continuing their research.

Therefore, customers who meet the criteria set by the Bank of Mongolia can apply for loans from Khan, Trade and Development, Golomt, Xac, State, Capitron, Credit, Transport and Development, Bogd banks, and refinance previous loans.

 Click here to read the loan criteria approved by the Bank of Mongolia  .

Click here  for information on long-term repo trading  .

Source: BANK OF MONGOLIA