The regular Cabinet of Ministers' meeting took place on July 25, 2012, where the following issue has been discussed and resolved accordingly.
At the meeting the Minister for Finance D.Khayankhyarvaa introduced the Capital Bank’s proposal for cooperation with the Government within the frames of an action to grant civilians with low and medium incomes with a 6% interest rate on mortgage
loans. From commercial banks of Mongolia
only the State Bank and Capital Bank have submitted their cooperation proposals to issue of the loans with its own funding, where the Capital Bank expressed its interest in attaching amendments to the cooperation agreement and said that if the amendments are to be attached they are capable of granting loans worth of 5-10 billion MNT from their own financial sources.
Afterwards, the Cabinet imposed duties upon the Finance Minister D.Khayankhyarvaa and the Management Board of the Development Bank to take relevant measures to involve the Capital Bank in granting the citizens with low interest loans, building loan funding upon own sources of Capital Bank and Development Bank as well.