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A consortium of commercial banks led by the Trade and Development Bank (TDB) today agreed to provide the USD14.2 million as the fees to be paid to the London Stock Exchange for its management of the Mongolian Stock Exchange, to develop the country’s capital market to meet global needs and standards. This is the first such bigloan from commercial banks and the State Property Committee is the guarantor.
The consortium includes, besides the TDB, Golomt Bank, Khan Bank, XacBank, Ulaanbaatar City Bank, and State Bank.
