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Description of the company Khan Bank, with 500 branches across all of Mongolia with more than 4000

employees, is the largest bank in Mongolia, providing banking services to an estimated 80% of Mongolian households. The Bank finances corporate, small and medium businesses, consumers, and individuals. As of 2009, 100 percent of the Banks branches are operating on a real time basis providing customers with direct access to all banking services from everywhere in Mongolia. Khan Bank's central office is located in the capital city of Ulaanbaatar, and it houses executive and administrative offices, as well as a full service banking. There are 5 branches in UB city and 24 regional branch offices throughout the country, each of which supervises an additional 15 to 25 sub branches in its area. The regional branches are fully automated centers for consolidating the region's service activities, and they are connected to the central office by satellite. Each branch directly serves the banking needs of a community of 15,000 to 60,000 people.

Even the sub branches, with a two or three person staff and minimal overhead, offer full banking services to their local communities. Khan Bank is recognized as an industry leader in the design and delivery of financial services in Mongolia. It has a well trained and highly educated staff of motivated bankers who are moving Khan Bank and Mongolia to new levels of banking. Khan Bank's roots go back 80 years to the State Bank of Mongolia. When this monopoly bank was broken up in 1991, Khan Bank was formed to take over most of the State Bank of Mongolias regional and local offices throughout the country.

Services and Product of Khan bank: Current account: Individual regular account

Khan Bank offers you the ability to make fast and reliable transactions through our online banking network from your account. You have an advantage of free service to open your account in our bank either in MNT or in USD. Individual negotiable account This is an MNT account with negotiated interest rate accumulation over your account balance, and you can make transactions from any Khan Bank branch or sub branch. This account type allows you to put your extra cash in a negotiable account and collect interest income. Interest accumulates in your account balance from the first day you open the account with Khan Bank. If your balance meets the minimum balance requirement for interest accumulation, you earn interest from that day and all your accumulated interest is transferred to your account at the end of the year. Salary account Khan Bank offers direct deposit salary accounts for people who are employed by organizations that have established cooperation agreements with the bank. Pension account The State Social Insurance Fund disburses its pension payments through Khan Bank. Customers may open a pension account with unlimited access to deposits and withdrawals.

Escrow account Escrow account is a type of suspense account service where the parties to an agreement place a certain amount of money in the Bank and mutually monitor the payment with regard to the completion of a contractual obligation. For example, when purchasing or selling immovable assets or valuable items the parties to the agreement are protected from the feasible risk of one party defaulting on their contractual obligations by placing the amount in the escrow account. Deposit account

Demand deposit Regular demand deposit account Khan Bank offers you the most flexible, highest interest rate, demand deposit account services. These accounts enable you to increase your balance without locking your money in a term deposit account. You can open your account in both MNT and USD to make deposit or withdrawal transactions at your convenience and own the account individually or together with somebody else. Childrens allowance-Childrens development demand deposit Khan Bank disburses monetary support for children from State Budget and Mongolian Development Fund through its high interest rate, demand deposit accounts created in the name of parents or legal guardians of children, 0-18 years of age. Parents or guardians can request to transfer allowances to Education-Childrens Future account which has the highest interest rate, as well as into any other current or deposit account. Agreements are made following Khan Banks general product procedure, and funds may be transferred either manually or automatically. Khan Bank offers you an opportunity to receive all services through your Childrens allowance-Childrens development demand deposit account that are available for regular demand deposit accounts.

Term deposit account Regular term deposit Khan Bank offers regular term deposit accounts for individuals who want to earned a high rate of return on their savings. This is a savings account where

customers do not make any withdrawals from the term deposit account prior to its maturity date. Education-Childrens future term deposit This product is designed to save money for children aged 0-18, with the highest interest rate for the year and 365-day automatic renewal until they reach 18. Prepaid interest rate term deposit Khan Bank offers this product for individuals who would like to deposit their money in Khan Bank to receive monthly interest payments for their deposits at Khan Bank. Herders deposit This deposit product is designed for herders who have reliable sources of income but do not have opportunities to invest. Khan Bank offers an opportunity for herders to deposit their money in long-term deposit accounts and receive a monthly interest payment from the bank. Young family term deposit Term deposit product for newlywed couples. Certificate of deposit Certificates of deposit (CD) yield premium interests rates and are transferable assets that can be bequeathed, gifted or sold. Khan Bank offers certificates of deposit that yield a high interest rate available in the following denominations: MNT 1,000,000, MNT 3,000,000, MNT 5,000,000, MNT 10,000,000, MNT 50,000,000 and MNT 100,000,000. Mortgage loan for individual Apartment purchase loan The loan designed for individuals with steady source of income will finance purchase of apartment .

House and fence purchase loan This loan is designed to finance the purchase of houses and fences in ger districts, and it is available for individuals with steady sources of income. Apartment or house and fence improvement loan This loan is intended to finance apartment or house and fence renovation. Home purchase loan for deposit holders This loan is designed for term deposit account holders of Khan Bank residing abroad (in Korea). Salary loan Agreement and Credit line For family financial needs of employees of either state or private sectors, who receive their salary through Khan Bank. Secured salary loan Public and private sector employees who have regular salary income are eligible for this loan secured by immovable or movable property. Salary card loan This loan finances short term financial needs of customers whose employers have made a Cooperation Agreement with Khan Bank to manage payroll disbursement through Khan Bank Visa cards. Leasing For purchase of products that are utilized over long periods such as home electric appliances, cars, motorcycles and other products. Leasing for car and motorcycle

This loan finances purchase of cars, motorcycles or small trucks with capacity of less than 5 tons. Electrical appliances, furniture, cell phone, sheep skin coat, personal computer For purchase of household products that are utilized over periods of one year or more. Pension loan For financial needs of pensioners who collect their pension from Khan Bank. Deposit secured loan This loan is designed for individuals with MNT or USD term deposit accounts in Khan Bank. Herder loan This loan finances herders consumer and business needs. Business loan Small business loan The loan will finance working capital requirements of businesses seeking to boost their profitability, improve product quality and purchase raw material. Micro express loan The loan will finance working capital requirements of businesses seeking to boost their profitability, improve product quality and purchase raw material. Import loan This loan finances the payment of import duty, related fees and shipment costs. Jewelry secured loan This loan finances consumer needs of individuals. The loan is secured by jewelry as collateral. Project loans

ADRA project loan This loan is designed for groups of low-income individuals engaged in or seeking to start small businesses. Microfinance development fund loan This loan is offered poor and low-income individuals, families and small business owners under the auspices of the Sustainable livelihood project organized by the Mongolian government and funded by a soft loan from World bank.

Regional economy support program Under a guaranteed program sponsored by GTZ and Khan Bank, this loan is designed to support the business activity of small and medium sized business owners who do not meet collateral requirements. CHF project loan This program implemented by Khan Bank in conjunction with CHF International is designed to improve the living standards of low and middle income individuals living in ger districts. Index based livestock insurance project For herders covered by index based insurance for livestock. Mercy corps project loan This loan is designed to finance working capital requirements and agricultural equipment purchases for herder groups, cooperatives and aimag and sum businessmen who are participants of the Gobi Initiative and Rural Agro-business Development Programs. Labor support fund loan

Small or leasing loan designed for unemployed individuals, herders and selfemployed individuals seeking to operate business activities in the form of cooperatives, partnerships or private businesses. The loan is offered to businesses creating jobs through existing business activities or business expansion. Employment support fund loan Small or leasing loan designed for unemployed individuals, herders and selfemployed individuals seeking to operate business activities in the form of cooperatives, partnerships or private businesses. The loan is offered to businesses creating jobs through existing business activities or business expansion. French alimentary Aid fund loan This loan finances short term working capital requirements and investments for individuals engaged in wheat farming, vegetable growing and other types of agricultural business.

Agricultural farming development project Under the Cooperation agreement between Khan Bank and the Ministry of Food and Agriculture dated March 20, 2008, the Agricultural Farming Development Project is carried out by the bank to assist in financing irrigated or non-irrigated crop farming operations, crop yield enhancements, purchases or upgrades of irrigation systems, purchases of seeds, upgrades of farming machinery, production equipment for meat, dairy, poultry, livestock breed enhancement, fruit and vegetable farming, as well as to finance the establishment of structures and purchasing of equipment intended for slaughtering houses and meat and vegetable storage facilities. Young families comfortable living The purpose of the Young Families-Comfortable Living project is to support young families and contributing to the efforts toward air pollution and disease reduction through a supply of heating system for ger district families with the help of bank loans. Initiated by Mobicom Corporation, the loan is being disbursed through Zuun-

ail and Baga toiruu sub-branches of Khan Bank, who is also a partner in this project along with companies such as MIG Insurance. Internet banking service Message /SMS/ banking service Khan Bank offers SMS Banking services for you to receive updates on exchange rates, your bank accounts, and other information. Mobile banking service This service allows you to check your account balance, get account statements, make interbank MNT or USD transactions, and receive updates on foreign exchange rates through your cell phone. Internet banking service Internet banking offers you an opportunity to have access to the following Khan Bank services at any time from any computer connected to the internet. Direct saving service Khan Bank offers an opportunity for new direct saving services for its customers who have steady sources of income. Prearranged money amounts are directly transferred from a customers chosen account to the direct savings account at agreed upon intervals (once a month or once every two weeks).

Flycard service The Flycard service is designed for Khan bank customers that use the prepaid service from Skytel, mobile phone operator. It enables customers to purchase minutes (card)

either with or without validity period by making the payment by phone from their Khan bank account.

Card payment service Card service Regular salary card Khan Bank issues salary cards for employees of various organizations in order to improve organizations efficiency. This card has a lower service fee compared to other cards but has similar functions and services. Pension card Khan Bank disburses monthly pension money through the pension card. Your pension money is placed into your pension acccount on the same day as it was disbursed by the government, allowing you to make cash withdrawals at your convenience using your pension card. Demand deposit card Khan Bank is offering this service for individuals who would like to increase their income by depositing their extra cash in Khan Banks regular term deposit with high interest rate. Child allowance card This card is Khan Banks product for disbursing monetary support for children from the State Budget and Mongolian Development Fund. These high interest rate, demand deposit accounts are created in the name of parents or legal guardians of children between 0-18 years of age. This card enables you to get childrens allowance payments in a timely manner by using this card to withdraw cash from ATM or to pay for services from affiliated merchant organizations. Remittance and student card

If you transfer money from any Khan Bank branch around Mongolia, then you can get your money though this card, fast and easily. You can visit any Khan Bank branch to fill out the application form and get the card for free. Golden card This card is different from regular cards by its prestige, withdrawal limits per day, and service fees.

Salary golden card This card is issued to the senior managers of organizations that disburse their employees salaries through Khan Bank.

ATM service Automated teller machines (ATM) allow you to withdraw cash from your accounts, to check your balances and change your PIN code. You need to know your personal identification number (PIN) code in order to conduct transactions with your account.

Cheque service Khan bank cheque service

Khan Bank Cheque is a security Khan Bank customers can use as a withdrawal instrument from their accounts. Khan Bank cheque holders are customers who make agreements with the bank for cheque service. Name and surname of the cheque receiver, registration number and amount are entered on the cheque. Other cheque service

Khan Bank is offers American Express, Thomas Cook MasterCard, and VISA Travelers Cheques, Canadian and American dollar bank draft and American Express Gift Cheques.

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