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Mongolian Bank Financing For The Mining Sector
Tim O’Neill, XacBank
Mongolian Bank Financing for the Mining Sector
Project Finance
Mongolian Mining Sector
Total investment requirement $ ?? bnTotal Borrowing requirement $ ?? bn• Oyu Tolgoi $ 4 bn• Mongolia Mining Corporation $.6 bn
Mongolian Banking Sector December 31 2011
Total Assets ₮ 9.4 tn $ 7 bnTotal Capital ₮677 bn $501 mmSingle Borrower Limit $100 mm
Source: Bank of Mongolia statistics and regulations
Mongolian Bank Finance for Mining Projects
•Small projects only•Syndication •Local working capital facilities•Employee loan programs
Mongolian Bank Financing for the Mining Sector
Supply Chain Financing
Mongolian Bank Finance for Mining Supply Chain
•Working Capital Finance•Advance Payment Guarantees•Term loans for capital investment•Potential Syndication
Mongolian Bank Finance for Mining Supply Chain
•Trade Finance•Import Letters of Credit• refinancing of letters of credit
•Employee loan programs
XacBank
•4th Largest Mongolian Bank• Nationwide coverage through 98 Branches and Business Service Centers• Specialized Mining Business Service Center•Participation Agreements•EBRD•State Bank
• Find out more about financing projects in Mongolia by downloading the event brochure for the 3rd Coaltrans Mongolia here.