Mongolian Bank Financing For The Mining Sector

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Mongolian Bank Financing For The Mining Sector

  1. 1. Mongolian Bank Financing ForThe Mining SectorTim O’Neill, XacBank
  2. 2. Mongolian Bank Financing for the Mining SectorProject Finance
  3. 3. Mongolian Mining SectorTotal investment requirement $ ?? bnTotal Borrowing requirement $ ?? bn• Oyu Tolgoi $ 4 bn• Mongolia Mining Corporation $.6 bn
  4. 4. Mongolian Banking Sector December 31 2011Total Assets ₮ 9.4 tn $ 7 bnTotal Capital ₮677 bn $501 mmSingle Borrower Limit $100 mmSource: Bank of Mongolia statistics and regulations
  5. 5. Mongolian Bank Finance for Mining Projects•Small projects only•Syndication•Local working capital facilities•Employee loan programs
  6. 6. Mongolian Bank Financing for the Mining SectorSupply Chain Financing
  7. 7. Mongolian Bank Finance for Mining Supply Chain•Working Capital Finance•Advance Payment Guarantees•Term loans for capital investment•Potential Syndication
  8. 8. Mongolian Bank Finance for Mining Supply Chain•Trade Finance•Import Letters of Credit• refinancing of letters of credit•Employee loan programs
  9. 9. XacBank•4th Largest Mongolian Bank• Nationwide coverage through 98 Branchesand Business Service Centers• Specialized Mining Business Service Center•Participation Agreements•EBRD•State Bank
  10. 10. • Find out more about financing projects inMongolia by downloading the event brochurefor the 3rd Coaltrans Mongolia here.

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