"Trade and Development Bank" JSC has raised MNT 83.5 billion from its initial public offering.
In accordance with "Trade and Development Bank" JSC’ strategy to expand its presence in small and medium business and retail markets, net proceeds from raised capital are expected to be allocated towards the following business segments:
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Corporate segment: 50.0%
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Small and medium business segments: 20.0%
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Retail segment: 30.0%
As of the third quarter of 2023, an allocation of MNT 520 million was made to the corporate segment, MNT 2.7 billion to the small and medium business segment, and MNT 5.0 billion to the individual segment, resulting in a total disbursement of MNT 8.3 billion.
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