XacBank will support the tourism sector
In order to increase the competitiveness of the Mongolian tourism sector and improve the contributions from tourism to the social and economic development of Mongolia, XacBank signed a Memorandum of Cooperation on March 21, 2014 with the Mongolian Tourism Association and Mongolian Trade Union Federation of Employees of Small and Medium Enterprise, Trade and Services and Tourism Sectors.
Under the Memorandum, a number of activities will be organized jointly such as those designed to create favorable financial conditions for the tourism businesses, including sector specific financial products and services, introduction of scientific and technological achievements, development of programs for financing new products and feasible business models, as well as trainings and seminars designed for improving financial capacity.
