Ulaanbaatar
Bogd Bank signs Memorandum of Understanding with Bank of Inner Mongolia
Economy
Ulaanbaatar /MONTSAME/ The Mongolia-China Expo took place in Hohhot, China from 26-30 September 2017, with participation of over 800 Mongolians from 383 organizations. They took part in 13 forums regarding trade and investment.
During the event, Bogd Bank signed a Memorandum of Understanding on Cooperation with the Bank of Inner Mongolia.
In accordance with the document, both banks will be able to complete transactions in MNT, CNY and USD, as well as to promote trade through cooperation in trade financing and the development of syndicated loans for project financing needs within the region.
With the expansion of Bogd Bank’s operations and the cooperation with the Bank of Inner Mongolia, it will create favorable opportunities for entrepreneurs and businesspeople in Mongolia and China, promoting bilateral economic cooperation and strategic partnership, and successfully initiated a long term financial cooperation between the two countries.
During the event, Bogd Bank signed a Memorandum of Understanding on Cooperation with the Bank of Inner Mongolia.
In accordance with the document, both banks will be able to complete transactions in MNT, CNY and USD, as well as to promote trade through cooperation in trade financing and the development of syndicated loans for project financing needs within the region.
With the expansion of Bogd Bank’s operations and the cooperation with the Bank of Inner Mongolia, it will create favorable opportunities for entrepreneurs and businesspeople in Mongolia and China, promoting bilateral economic cooperation and strategic partnership, and successfully initiated a long term financial cooperation between the two countries.
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