Khan Bank has raised a total of MNT 183,379,788,200 (one hundred eighty three billion three hundred seventy nine million seven hundred eighty thousand two hundred tugrugs) by offering 191,219,800 pcs of ordinary shares with par 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.

The disbursement of funds raised from IPO as of March 31, 2024, is as follows:

• IT investment: 29.3 billion MNT,

• Digital product development and innovation: 29.2 billion MNT,

• Financing for green projects and programs: 62.4 billion MNT,

• Long-term loans /Mortgage and investment loans/: 56.9 billion MNT.

Please click here for the detailed report.