GOLOMT BANK TO COOPERATE WITH HUNGARIAN EXPORT IMPORT BANK

Ulaanbaatar /MONTSAME/ The “Golomt” commercial bank of Mongolia Monday reported that it has concluded a Medium Term Credit Facility agreement with the Hungarian Eximbank. The financial agreement has been signed by L.Bolormaa, Chief Investment Officer of Golomt Bank and by Mr Andras Puskas, Deputy CEO, and Mr. Zsolt Demkó-Szekeres, Director, Trade Finance of Hungarian Eximbank in Budapest. The signing ceremony also has been attended by representatives of the Mongolian Embassy in Budapest and the Ministry for National Economy of Hungary. In accordance with the agreement, the Hungarian Eximbank will finance investments and projects which are realized with purchasing Hungarian goods or services. Moreover, the banks will support Hungarian exports of medical equipment, environmental protection and water treatment equipment, and agricultural machinery to Mongolia. At the ceremony Bolormaa Luvsandorj, Chief Investment Officer said: "As Golomt Bank, we believe that this facility agreement will lead to strengthening of the already existing economical relationship of the two countries, Hungary and Mongolia. On the basis of this agreement, Golomt will show its best effort to support companies which will import goods and services from Hungary. Golomt is pleased to take the opportunity to contribute to further enhance current economic relationship between two nations,"