XacBank gets capital boost from IFC, JBIC fund
The need to recapitalise Europe’s banks has been a constant strain on investor sentiment in the continent, and the rest of the world, over the course of the year. But things are not so difficult everywhere: the decision by the IFC Capitalization Fund to inject just $40m in Mongolian lender XacBank has had a big impact on the bank’s capital levels.
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