XACBANK RECEIVES ANOTHER AWARD AS THE BEST BANK IN MONGOLIA
On March 17, 2014 Global Finance magazine, headquartered in New York, USA named the best banks among the countries of Asia and the Pacific Region. The editors of Global Finance made the selections after extensive consultations with corporate financial executives, bankers and analysts from 30 rapidly growing countries and XacBank was selected as the Best Bank in Mongolia.
Every year Global Finance magazine, with its well-earned reputation and value in the world financial market, selects the best banks in the countries from all the regions of Latin America, Central and Eastern Europe, Asia and Pacific, Central Asia and Africa. This is the twenty-first year that the magazine has selected top banks by country and region. Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry. The magazine noted that the mix of these factors made the selection more factual and accurate.
In 2013, XacBank was recognized as the “Best Bank in Mongolia” by The Banker, a world renowned magazine, the “Best Retail Bank in Mongolia” from the Global Banking and Finance Review and this time as the “Best Bank in Mongolia” from Global Finance magazine. This demonstrates that XacBank is a leading bank with leading services in the financial market with a focus on Planet, People and Profit and we are, in fact, achieving our mission.
One of the leaders in the banking and financial services sector in Mongolia, XacBank provides a range of financial services to individuals, micro and SME businesses and large companies.
The bank has established itself as a role model in the sector by taking measures to strengthen corporate governance, implement corporate social responsibility, improve the financial capacity of its clients and develop optimal structure for risk management. The bank provides comprehensive financial services using advanced technology in a most efficient way to serve its over 600 thousand clients through a network of 107 branches with 1700 professional staff working, over 1300 merchants and the agents of AMAR mobile banking nationwide.
Right Bank - XacBank
