XacBank awarded “The Best Bank of Mongolia”
The globally prominent The Banker magazine for reporting on banking and finance, held its 17th annual ceremony for awarding Best Banks of the Year on December 7, 2016 in London, where XacBank was awarded “The Best Bank of Mongolia”.
"The awarding ceremony was held during the same time as the XacBank Board of Directors meeting, therefore Mr. Allan Popoff, of the EBRD who is also a shareholder of the Bank received the award on behalf of the Bank."
Through its 90 years of history, the magazine has built a known reputation and is acknowledged for measuring global banking and finance criterion, setting standards, as well as predicting where development is progressing. The selection criteria included the bank’s capital increase, profitability, strategic partnerships, customer service, sound pricing structures, and the integration of cutting-edge technology into the product lines as well as how the banks set new standards locally.
At the event, the best banks were announced as follows, Bank of America from the USA, Mitsubishi from Japan, Lloyds Bank from the UK, ICBC from Macau, Standard Chartered Bank from Hong Kong, ING group from the Netherlands, have been recognized for their widespread operations, capital capacity, governance, and trustworthiness not only in their country but in their respective regions.
XacBank received this prestigious award in 2013 and now once again for our 15th anniversary, securing its position year after year as the Best Bank in Mongolia. We sincerely thank our loyal customers for joining XacBank in contributing to our country’s economy and to the betterment of communities throughout Mongolia.
