We Trust on Savings than Luck. But ...
Encouraging rational financial planning with savings rather than gambling, XacBank is continuing its XacLotto 2 campaign and today it presented the prizes for the first winners in the Year of the Snake.
Ch. Selenge, a client of the bank’s main branch, became the super prize winner winning a new apartment unit. Her super prize has become an amazing gift for her son and husband. Also D. Sosorburam, Z. Uuganbayar, L. Altantuya, S. Ganbaatar, Ts. Bayanmunkh, G. Munkhjargal, E. Amgalan, A. Gegee, N. Ganbold and P.Enkhtuya have received their prize of one million togrog each. Regional winners selected from among the 21 aimags received their prizes from the local XacBank branches.
Ch. Selenge, a wife and mother of young household thinks that “The future should be planned based on Savings”. Her family consists of 3 people. They had a plan to purchase an apartment but today they received the keys to their new apartment. There was joy in the woman’s face as she said “A big load from our life has been removed”. To see, feel and share other’s joy is the best moment. It has been over a year since the XacBank team was charged by the inspirations and energy from that special day of each month when we gather all our winners and present the prizes. XacLotto has been making its winners happy for two years now, since start of the first campaign on December 1, 2011.
The phenomenon called “The Civilization Evolution”, which has come up in the most recent 20 years in Mongolia, is linked closely with the banking services. From that time, Mongolians started to learn about financial discipline which has led to increased outreach by banks to people every day. “Indifferent” Mongolians, who didn’t much care about the importance of savings and saving money, have changed, preferring to accumulate savings in their personal accounts. This can be observed from the scope of participation in XacBank’s XacLotto campaign. Some savings account holders, especially those who became winners, said that they made deposits to their accounts for investing in their future not for winning in the lottery. But they still believe in the existence of luck. Most of today’s winners were new clients who opened their accounts recently. Super prize winner Ch. Selenge opened her account with the bank only one day before the day she became the winner.
Incidentally, there is a statistic that the number of depositors has increased by 180,000 since the start of the “For Mongolia with Savings” XacLotto campaign. Also, in 2011 the size of the savings in the Mongolian banking sector has increased by 50% and XacBank has highly ranked among other commercial banks in this ratings. You also have a chance to participate in the XacLotto campaign and become a winner by opening a savings account and by depositing from 100,000 to 1 Million Togrog in it.
