DEG commits $40m to Mongolian lender Khan Bank

DEG commits $40m to Mongolian lender Khan Bank

Ulaanbaatar, Mongolia. Photo by Bree Evans on Unsplash.

DEG, the investment arm of German state-owned development bank KfW, has committed to invest $40 million in Khan Bank, the largest commercial bank in Mongolia.

Edited by: Joymitra Rai