REGULAR QUARTERLY MEETING OF THE BOARD OF DIRECTORS OF XACBANK
The regular quarterly meeting of the Board of Directors of XacBank was held on 25 March 2015 in Ulaanbaatar, Mongolia with a quorum of 88.9 percent.
The Board of Directors considered and approved the annual operational and financial results for 2014, distribution of the dividend for 2014 subject to approval from the Bank of Mongolia, re-election of board directors, board budget for 2015, amendments to the charter of XacBank, renewed composition of the Board Audit Committee, amendments to the Credit Risk Management Policy and other matters.
