Washington, D.C., June 13, 2018 – Khan Bank became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
“200 million businesses worldwide need financing to invest, grow and create new jobs. We are proud to have Khan Bank join our network of 140 members who work to expand access to finance for small and medium businesses,” said Matthew Gamser, CEO of the Forum.
Khan Bank’s continued investment in technology has resulted in access to online banking at all branches; an extensive ATM network covering Ulaanbaatar and provincial capitals; as well as nationwide access to internet, mobile, and SMS banking. In addition to a full range of loan and deposit products, the Bank provides foreign exchange, trade finance, cash management, and international payment services to its commercial customers, including SMEs, corporate, and international institutions.
"As a member of the SME Finance Forum, we look forward to opportunities of engaging in SME Finance forums from which we hope to get the latest SME banking information, updates and best practices," said John Bell, Chief Executive Officer. "We also plan to participate in events involving SME banking, so that we can share our experience and learn from others in SME banking throughout the world."
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative.
About Khan Bank
Khan Bank, with 537 branches nationwide, is the largest commercial bank in Mongolia providing banking services to an estimated 70 percent of Mongolian families. Through this extensive network, the Bank provides comprehensive banking services to individuals, small and medium-sized enterprises (SMEs) and corporate customers.
Media Contact
Carmen Smith
csmith11@ifc.org
