"Khan Bank" JSC publicly offered 191,219,800 shares, with a price of MNT 959, and raised MNT 183.38 billion between April, 13-19 2023.
Regarding the security prospectus, Khan Bank planned to spend 16% or MNT 29.3 billion of its proceeds in information technology, 19% or MNT 34.8 billion in digital product development and innovation to accelerate the digital transition of banking products and services, 34% or MNT 62.4 billion in green projects and the remaining 31% or MNT 56.9 billion in long term investment loans and mortgages.
Disbursement on raised capital as of the 3rd quarter of 2023:
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Information technology investment: MNT 2.1 billion
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Digital transition, digital product development: MNT 4.9 billion
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Financing for green projects and programs: MNT 38.7 billion
A total of MNT 45.7 billion was disbursed.
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