In December 2013, OeEB signed a long-term credit line of USD 15 million for the Mongolian XacBank. The aim of the credit line is to support local micro-, small- and medium-sized enterprises (MSMEs).

Project name XacBank Mongolia
Region Southern and Eastern Asia
Sector Financial sector / Microfinance / SME
Service Investment Finance
Project country Mongolia
OeEB project volume USD 15 million
Projekt partner(s) XacBank Mongolia

The Mongolian private sector consists almost exclusively of MSMEs. However, their business activities and development are hampered by insufficient financing possibilities.

OeEB’s credit line facilitates MSMEs’ access to finance, which enables them to make necessary investments. This strengthens the Mongolian economy and contributes to creating and securing jobs.