1. Mongolian Bank Financing For
The Mining Sector
Tim O’Neill, XacBank

2. Mongolian Bank Financing for the Mining Sector
Project Finance

3. Mongolian Mining Sector
Total investment requirement $ ?? bn
Total Borrowing requirement $ ?? bn
• Oyu Tolgoi $ 4 bn
• Mongolia Mining Corporation $.6 bn

4. Mongolian Banking Sector December 31 2011
Total Assets ₮ 9.4 tn $ 7 bn
Total Capital ₮677 bn $501 mm
Single Borrower Limit $100 mm
Source: Bank of Mongolia statistics and regulations

5. Mongolian Bank Finance for Mining Projects
•Small projects only
•Syndication
•Local working capital facilities
•Employee loan programs

6. Mongolian Bank Financing for the Mining Sector
Supply Chain Financing

7. Mongolian Bank Finance for Mining Supply Chain
•Working Capital Finance
•Advance Payment Guarantees
•Term loans for capital investment
•Potential Syndication

8. Mongolian Bank Finance for Mining Supply Chain
•Trade Finance
•Import Letters of Credit
• refinancing of letters of credit
•Employee loan programs

9. XacBank
•4th Largest Mongolian Bank
• Nationwide coverage through 98 Branches
and Business Service Centers
• Specialized Mining Business Service Center
•Participation Agreements
•EBRD
•State Bank

10. • Find out more about financing projects in
Mongolia by downloading the event brochure
for the 3rd Coaltrans Mongolia here.