M·CAM | XAC Bank and M-ICP agreed to pilot Intangible asset-backed collateral enhancement program

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September 1, 2010 In News Archive

XAC Bank and M-ICP agreed to pilot Intangible asset-backed collateral enhancement program

Date: Wed, 2010-09-01

XAC Bank and M–ICP agreed to pilot Intangible asset–backed collateral enhancement program

Ulaanbaatar – 1 September, 2010 –– Ms. D. Nergui, Founding CEO meets with Mr. M. Bold, CEO of XAC Bank and two other staff today. Mr. M. Bold, agreed to create a business relationship with M–ICP to pilot Intangible asset–backed collateral enhancement mechanism for its innovator–clients.

Mr. M. Bold is well known economist and banker in Mongolia. Prior joining XAC Bank Mr. Bold had been working for World Bank HQs and used to be the Deputy Governor of the Bank of Mongolia, the central bank from 1996-2000.

Visit http://www.m-icp.com/ for more information.

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