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HomeMongolia Newsbne IntelliNews - EBRD celebrates 15 years in Mongolia

bne IntelliNews – EBRD celebrates 15 years in Mongolia

With the European Bank for Reconstruction and Development (EBRD) celebrating 15 years of operations in Mongolia, Hannes Takacs, the development bank’s Mongolia head, spoke with bne IntelliNews on current projects and plans for the future.

The EBRD began its operations in Mongolia with the sponsoring of banks and other financial entities—such as XacBank, Khanbank and Transcapital—that became involved in its Trade Facilitation Programme. By now, the EBRD has a presence in many sectors of the country’s economy. To date, around 190,000 loans, totalling more than $535mn, have been made available by the lender to Mongolian micro and small firms. In all, the EBRD has invested a total of $2.1bn in Mongolia during the 15 years.

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