“KHAN BANK” JSC has raised a total of 183.4 billion MNT by offering 19,219,800 shares with a nominal value of MNT 959 each to the public between April 13-19, 2023.
The bank has planned to invest 16 percent of its proceeds in information technology investment, 19 percent in digital product development and innovation to accelerate the digital transition of banking products and services, 34 percent in green projects, and the remaining 31 percent in long-term investment loans and mortgages.
As of December 31, 2023, the disbursement of capital raised from the public is as follows:
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IT investment 16% or 28.1 billion MNT,
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Digital product development and innovation 19% or 29.2 billion MNT,
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Financing for green projects and programs 34% or 51.3 billion MNT,
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Long-term loans /Mortgage and investment loans/ 31% or 56.9 billion MNT.
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