Mortgage loan financing treaty established

Ulaanbaatar /MONTSAME/ The Bank of Mongolia (BoM) and commercial banks have established a master treaty on mortgage loan. The treaty was signed last Saturday by N.Zoljargal, the BoM president; D.Gantogs, executive director of the Mongolian Mortgage Corporation (MMC); and directors of the commercial banks. Accordingly, the eight percent-interest mortgage loan will be available from by 14 and to be given through commercial banks including the Khan Bank, Xas Bank, Trade and Development Bank, Golomt Bank, Savings Bank, Transport and Development Bank, “Erel”, “Capitron”, “Credit” banks, Ulaanbaatar City Bank, State Bank, National Investment Bank, Chingis Khaan Bank and Capital Bank.