ID :
329367
Tue, 05/20/2014 - 11:29
Auther :

KHAN BANK CONTRIBUTES TO ATTRACTING FOREIGN DIRECT INVESTMENT

Ulaanbaatar /MONTSAME/ The commercial Khan Bank sponsored the third Annual Mongolia Trade and Commodity Finance Conference which was held last week in Ulaanbaatar as a Golden Sponsor. The conference has gathered over 175 delegates from 13 different countries, the banks website published Tuesday. The bank said it always attends and collaborates with internationally and locally renowned conferences and forums that intend to contribute to the Mongolian social economy and improving sectors. Therefore, the Bank sponsored and collaborated with the Mongolia Investment Summit 2014 and the third Annual Mongolia Trade and Commodity Finance Conference which made a huge contribution to improving the Mongolian economy and foreign direct investment as well as foreign trade. Mongolia Investment Summit-2014 was held in London, the world’s leading financial center from 29th to 30th April and this year the summit was focused on Mongolia’s current macro economic outlook and new positive changes in the legal environment following the new investment law was introduced to foreign investors. Norihiko Kato, CEO of Khan Bank delivered a presentation entitled “Examining how Mongolian banks and financial institutions are dealing with the challenges and opportunities of a fast growing economy” and joined a panel discussion about the Mongolian banking sector as a panelist. With its focus on Mongolia’s mining, minerals and vast commodity-led growth, this was the key trade gathering for the country’s senior business leaders, providing timely insight into the challenges facing the local banking and private sectors, as well as offering perspectives from the industry’s key supporting actors. Norihiko Kato, CEO of Khan Bank and other finance and trade finance specialists attended the conference as panelists discussing issues such as “Utilizing international partnerships to extend access to trade finance” and “Providing perspectives from the domestic banking sector”. Khan Bank maintains account relationships with 60 international banks and the bank actively utilizes this facility to support its trade finance transactions while maintaining its strong liquidity with funding from international financial markets while collaborating with the European Reconstruction and Development Bank. For its dynamic service of Trade Finance in Mongolia, for the fourth consecutive year; the EBRD awarded Khan Bank “The Most Active Issuing Bank in Mongolia”. As one of the Mongolia’s leading banks, Khan Bank actively attends and sponsors internationally and locally well known forums and conferences to define sustainable development of the Mongolian economy and discuss challenges the sectors faces and seek the ways to overcome and raise its voice to contribute to the development of the sector.

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