MonInfo reports: On Wednesday, Golomt Bank singed a transfer loan agreement with the Ministry of Finance to make small and medium private enterprise loans available. While six commercial banks of Mongolia, TDB, Golomt, Xac, Zoos, Khan and Capitron banks were all selected by the ministry, only TDB and Golomt have signed agreements.

“The Ministry of Finance is planning to organize training for those commercial banks regarding the procedures and requirements of the loan. We will also organize a workshop at the Japanese-Mongolian center for those interested enterprise and citizens in order to introduce the loan. We hope that commercial banks will be able to start issuing loans for interested applicant enterprises before 2007,” Z. Munkh-Orgil, officer of the Loan Aid Coordination and Regulatory Department at the Ministry of Finance informed MonInfo, Thursday.

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