Dutch lender FMO mulls $50m loan for Mongolia's XacBank

Dutch lender FMO mulls $50m loan for Mongolia's XacBank

Photo from XacBank's social media page.

Dutch entrepreneurial development bank FMO has proposed extending a $50-million loan to XacBank, Mongolia’s fifth-largest bank in terms of total assets, it said in a disclosure.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter