Khan Bank, established in 1991 is a very large commercial bank in Mongolia with 547 branches across all of Mongolia with more than 6000 employees, and provides banking services to an estimated 80% of Mongolian households. Given the relatively small population of 3.2mn inhabitants being spread over such a spacious country like Mongolia, Khan Bank offers one of the few options in the country to reach out to micro entrepreneurs on a broad scale.
Khan bank has a Gross Loan Portfolio as of May 2021 of around EUR 2 billion and the GLS fund has invested in the same month USD 4.97 million in the Institution.
