“Global Finance” magazine names XacBank as the Best Bank of Mongolia for the 4th time
Every year, the Global Finance magazine, a global reputation identifier of banks and financial institutions, publishes a list of “World’s Best Banks”, and these awards have become a recognized and trusted standard of excellence. XacBank has been named as the Best Bank of Mongolia for 2018.
In an award ceremony held in Bali, Indonesia on October 13th, 2018 our Chief Risk Officer, Torsten Kleine Buening received the award on behalf of the bank. This is 4th time and 3rd time in a row XacBank has received this honor, marking its distinctive achievement.
Established in 1987, with its headquarters in New York, USA, Global Finance magazine has a circulation of over 50,000 with readers in 180 countries. The magazine’s audience comprise mainly of Chairmen, Presidents, CEOs, CFOs, Treasurers, and other financial officers that make up over 80% of investment decisions worldwide.
In order to select the best banks and financial institutions, the magazine evaluates ireputation of the organization, competence of management team,corporate governance and adaptation of digital technology.. Leading institutions such as DBS, Bank of America, ING, Standard Chartered, Citi, and J.P. Morgan have been awarded for their excellent operational scope, capital potency and trustworthy services.
XacBank would like to express its gratitude to our customers for trusting us to further cultivate Mongolia’s economic and social development.
