Prime
Minister S.Batbold’s official visit to Japan continues. Yesterday, March 12,
2012 held signing ceremony of Memorandum between Development Bank of Mongolia
and Sumitomo Mitsui Banking Corporation of Japan. Memorandum signed by
L.Bolormaa, Executive Director of Development Bank of Mongolia and T.Kitayama, President
of Sumitomo Mitsui Banking Corporation.
“Cooperation with such major company
such as Sumitomo Mitsui Banking Corporation will open the door for
investment. Mongolian and Japanese relationship developing in strategical
partnership, this relation getting economic value. This event will play
important role in two countries relation” said S.Batbold after signing
ceremony.
“Mongolian economy is growing. Experts
suppose this growth will continue next 10-20 years. Current time Mongolia is
starting major projects which do faster this growth. We glad that we have
possibility to cooperate with those big projects” said T.Kitayama.
Sumitomo
Mitsui Banking Corporation is one of the biggest commercial banks in Japan with
assets 1.4 trillion yen.