XAC BANK
Xac Bank is the fourth largest bank in Mongolia with a loan portfolio of 395M USD, serving 298,000 borrowers and savers clients and deriving a yearly ROE of 22%. Xac Bank has demonstrated its ability to adapt to a fast growing and fast changing economic environment in Mongolia, on the back of a booming mining industry, and has re-focused its operations away from microfinance to SME, consumer lending and mortgages. In order to manage the associated risk, the bank has heavily invested in systems a... nd human capabilities in order to serve the increasing need of underserved SMEs and urban as well as rural population. Xac Bank has also built an in-house mobile platform currently under upgrade in order to better serve the needs of its customers. Xac Bank is actively involved in deploying government and developmental funds to provide easier access to low cost housing and environment friendly energy to the lower layers of the Mongolian population. Finally, Xac bank is constantly providing non-financial services to the community under the form of financial literacy programs and business support to its lowest income customers via association with NGOs.
XAC BANK
Industry:
Banking Finance Financial Services
Founded:
1998-01-01
Address:
Ulaanbaatar, Ulaanbaatar, Mongolia
Country:
Mongolia
Website Url:
http://www.xacbank.mn
Total Employee:
1001+
Status:
Active
Contact:
+97611318185
Email Addresses:
[email protected]
Total Funding:
220 M USD
Technology used in webpage:
Viewport Meta IPhone / Mobile Compatible SPF SSL By Default Google Analytics Google Tag Manager Content Delivery Network Google Universal Analytics Domain Not Resolving Global Site Tag
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Current Employees Featured
Founder
Investors List
OPEC Fund
OPEC Fund investment in Debt Financing - Xac Bank
Asian Development Bank
Asian Development Bank investment in Debt Financing - Xac Bank
FMO
FMO investment in Debt Financing - Xac Bank
FMO
FMO investment in Debt Financing - Xac Bank
International Finance Corporation
International Finance Corporation investment in Debt Financing - Xac Bank
Official Site Inspections
http://www.xacbank.mn Semrush global rank: 441.74 K Semrush visits lastest month: 119.89 K
- Host name: 202.21.96.206
- IP address: 202.21.96.206
- Location: Mongolia
- Latitude: 46
- Longitude: 105
- Timezone: Asia/Ulaanbaatar
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Organizational structure - XacBank
Micro business loan. It gives you the opportunity to finance your business and household consumption. Learn moreSee details»
XacBank - Wikipedia
XacBank (Mongolian: ะฅะฐัะะฐะฝะบ) is a Mongolian banking and financial services company headquartered in Ulaanbaatar. XacBank was founded in 2001 following the merger of Goviin Ekhlel LLC and X.A.C. LLC, the two largest non-banking financial institutes in Mongolia. XacBank is organized into three main business groups: Retail Banking; Business Banking; and Corporate Banking. XacBank cโฆSee details»
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BRIEF HISTORY. XacBankโs vision is to become a preferred bank for a wide range of customers in the financial market providing financial solutions in the most convenient way being dedicated to its values of People, Planet and Prosperity โฆSee details»
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In 2017-2019, XacBank successfully signed a loan agreement with international financial organizations and investors to support SMEs access to fund and as a result of it, loan portfolio โฆSee details»
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XacBank General Information Description. Operator of a banking and financial institution based in Ulaanbaatar, Mongolia. The company's array of services include retail banking, business โฆSee details»
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XacBank provides a variety of banking products and services to over 650,000 clients through 84 branches operating across the country. The Bank has successfully maintained its market โฆSee details»
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Oct 30, 2024 By year end 2004, XacBank disbursed 138,415 loans through 37 branches with 506 staff, operating throughout Mongolia. The Bank offers 14 types of loan products and โฆSee details»
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Nov 24, 2020 Who is XacBank. XacBank provides integrated banking and financial solutions to consumer and MSMEs throughout its 80 nation-wide branches. In 2017-2019, XacBank suc โฆSee details»
XacBank - LinkedIn
XacBank | 9,201 followers on LinkedIn. To bring world class financial services to Mongolia. | Founded in 1998, XacBank is a community development bank and microfinance institution in โฆSee details»
XacBank Company Overview, Contact Details & Competitors
May 17, 2023 Frequently Asked Questions Where is XacBank 's headquarters located? XacBank 's main headquarters is located at Prime Minister Amar's Street, Sukhbaatar district, โฆSee details»
XacBank, Mongolia | Head office, website, phone, SWIFT
XacBank (Khas Bank) is a leading Mongolian bank in terms of long-standing quality of loan portfolio. The Bank provides a wide range of banking services to private clients including โฆSee details»
XacBank
"XacBank" JSC distributed a dividend of MNT 18.9 billion from the Bankโs earnings for the first half of the year 2024 to its shareholders Following the EGM, 99.99% of the shareholders with โฆSee details»
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May 29, 2023 XacBank is the only bank that meets this requirement currently, as its parent company, Tenger Financial Group, is owned by 12 unrelated organizations and individuals. โฆSee details»
XacBank
XacBank is the first and only organization in Mongolia to implement the Smart Campaign Client Protection Principles, as well as the first bank to introduce ISO 27001 standard to its service. โฆSee details»
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It supports private-sector projects in Asia and the Pacific, focusing on climate solutions, nature-based projects, and gender equality. The ADB-XacBank financing package represents โฆSee details»
XacBank raised 55.7 million US dollars from the development โฆ
Xacbank successfully raised a total of USD 55.7 million consists of USD 30 million from the German Investment Corporation (DEG), USD 20.7 million from the responsAbility (rA), and โฆSee details»
Business Banking - XacBank
XacBank raised 55.7 million US dollars from the development financial institutions The funding will be used to finance micro, small, and medium businesses, women-owned businesses in โฆSee details»
Contact us - XacBank
You can report feedback or complaints regarding our products and services, grievances related to the projects implemented by XacBank, or any other irregularities and misconduct, through one โฆSee details»