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Mongolian and Russian banks sign for cooperation www.montsame.mn

Ulaanbaatar/MONTSAME/ The 3rd Mongolia-Russia roundtable meeting in investment, financial sector and interbank cooperation was held on June 8 in Ulaanbaatar, within the frame of ‘Mongolia-Russia Initiative-2018’ series of event.

The meeting, organized under the auspice of Mongolia’s Deputy Prime Minister, was attended by over 300 businesspersons from Russia to hold business meetings and seek cooperation opportunities.

At the meeting chaired by Ch.Enkhbat, First Deputy CEO of Development Bank of Mongolia (DBM), the Mongolian side provided presentations on 'Three-pillar development policy of Mongolian government', 'Project-based investment environment in Mongolia', 'Investment opportunities in free zones' as well as 'A program on establishment of Mongolia-Russia-China Economic Corridor'. 
During the event, Mongolia’s Golomt and Khan Banks signed a Memorandum of Understanding (MoU) on cooperation with the Russian Agency for Export Credit and Investment Insurance (EXIAR).

In addition, more agreements were signed, for instance, ‘Financing Agreement’ between the DBM and Russia’s Vnesheconombank, ‘Cooperation Agreement’ by Mongolia’s Trade and Development Bank and Russia’s International Bank for Economic Co-operation (IBEC). As well, two MoU on establishing cooperation agreement were signed by Golomt Bank and IBEC, and by DBM Leasing Company and Vnesheconombank.

The meeting was concluded with an issuance of ‘Statement of Mongolia-Russia Cooperation in Finance and Investment Sector’. It aims to develop strategic partnership between the two countries, stimulate economy and trade turnover and ensure cooperation between organizations to implement mutually beneficial investment projects.



Published Date:2018-06-12