Mongolia holds a mass of natural resources which it exports to the world’s largest consumer of copper and coal, China. Its traditional industries are herding and agriculture; however, after finding extensive mineral deposits, its mining sector is undergoing a boom and attracting a mass surge of foreign investment. Its other main industries include construction and natural fibre (cashmere and wool) manufacturing. Trade with China comprises more than half of Mongolia's total external trade, with China receiving over 90% of the country's exports.
The ING Wholesale Banking arm of the company operates out of a representative office in Ulaanbaatar and provides clients with access to a range of products and services in the areas of project finance, trade and commodity finance and debt capital markets. With an established track record in Mongolia, ING sees opportunities in the following product offerings: international bond issuance, domestic currency credit instruments, project financing & advisory, hard currency private placements, and derivative products linked to commodities and/or MNT. Having a local presence greatly enhances our ability to advise our clients and identify opportunities.
ING Wholesale Banking (WB) professionals help you develop customised investment strategies and offer a full array of banking products and services.
As a dependable source for your banking needs, we deliver innovative banking solutions through a global, multi-product platform that provides you all the advantages that come with working with a large firm. Why not contact us today and tell us how we can help you.
First major foreign bank with a representative office
One of the first foreign banks to execute transaction on the Mongolian Stock Exchange
Strong sector and product expertise, in particular on natural resources, transportation and financial institutions