ADB names Khan Bank the Leading Bank in Mongolia and a Gender Champion - News.MN

ADB names Khan Bank the Leading Bank in Mongolia and a Gender Champion

Old News! Published on: 2022.09.22

ADB names Khan Bank the Leading Bank in Mongolia and a Gender Champion

Khan Bank joined Asian Development Bank’s (ADB) Trade and Supply Chain Finance Program (TSCFP) in 2010 to improve the availability of trade finance products it offers to businesses and traders. Thanks to the program, Khan Bank was able to partner with over 200 international banks, increasing the accessibility and availability of trade finance products tailored to each client’s needs.

ADB honors the best among TSCFP banks, and Khan Bank became the recipient of two awards.

Leading Partner Bank in Mongolia

This is the fifth time that Khan Bank has been named the Leading Partner Bank in Mongolia. This is a testament to the excellence of the Bank’s trade finance products and services, which include pre and post-shipment financing, letters of credit, and payment guarantees. These trade finance products help businesses to better manage their cash flow, prevent stockouts, and mitigate exchange rates and other risks.

Gender Champion

Khan Bank sets an example in the banking sector by ensuring women’s participation in the workplace and their representation in upper management. Many of the Bank’s corporate social responsibility projects and campaigns are aimed at women’s skills development, promoting their standing in society, and helping them improve personally and professionally. The Bank’s gender equality policy, internal campaigns, activities, and future gender initiatives align with Sustainable Development Goal 5. Advancing the equal representation of women and their leadership and creating an inclusive work environment have played a major role in Khan Bank’s being named a Gender Champion.

Khan Bank. Growing Together.

 

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