Repo financing of MNT 160 billion disbursed to commercial banks

Economy
Erdenejargal.E
e.erdenejargal@montsame.gov.mn
2021-10-12 14:40:01

Ulaanbaatar /MONTSAME/. According to the Monetary Policy Committee's decision to provide long-term repo financing in the fourth quarter of this year, a total of MNT 160 billion was disbursed by the Bank of Mongolia to four commercial banks.


With the financing, the banks will issue loans of up to MNT 3 billion with a term of two years and an interest rate of 10.5 percent per annum to small and medium enterprises, individuals and non-mining exporters in accordance with the criteria approved by the Governor of the Bank of Mongolia on February 19.


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