Mongolia Business and Mongolian Daily Business News

Previously, Mongolia Ipotek Corp. (MIC) issued ₮10 billion with interest rate of 14% and maturity of 5 years. “Its interest rate is closely related from the Central Bank rate and due to the decrease of central bank rate, its interest rate can be decreased down to 12,2-13%” says Mr. Koppa, Chairman of Board and President of Trade And Development Bank of Mongolia. MIC plans to issue another ₮15 billion before the new year.

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