XacBank recorded a net profit after tax of MNT 172.6 billion in 2025, up 0.5% year-on-year. Return on equity (annualized ROE) reached 21.8%, while earnings per share (EPS) amounted to MNT 164.

Key financial highlights as at the end of Q4 2025:

• In Q4 2025, XacBank’s total loan portfolio reached MNT 4,183 billion, increasing by 1.0% QoQ and 13.1% YTD;
• The retail banking loan portfolio grew by 4.8% YTD to MNT 2,710 billion, driven primarily by growth in consumer lending as well as MSME loans;
• XacLeasing’s finance lease and loan portfolio reached MNT 659 billion, representing growth of 41.1% YTD and 3.6% QoQ. In Q4, outstanding new vehicle leases increased by 7.4% QoQ and 43.9% YTD, while outstanding used car leases declined by 2.7% QoQ but increased by 50.6% YTD. During the reporting period, the expansion of XacMortgage services and its operation as a centralized lending platform resulted in robust growth of 49.1% QoQ and 81.2% YTD for residential mortgage of XacLeasing;
• The corporate banking loan portfolio grew by QoQ and 26.6% YTD, reaching MNT 814 billion;
• NPL ratio is 2.5% of GLP as of Q4 2025, lowest in the banking sector;

During the reporting period, XacBank fully complied with all regulatory metrics set by the Banking Law and the Bank of Mongolia:

• Tier 1 capital ratio reached 20.1%, 7.6 ppts above the regulatory minimum requirement of 12.5%. The excess capital provides a solid buffer against potential risks and supports future asset growth and dividend distribution.
• Liquidity ratio stood at 37.6% (regulatory limit >25%) with MNT 2,257.5 billion held in cash and highly liquid assets.

Operational highlights Q4 2025:

• XacBank signed a syndicated loan agreement with the Netherlands Development Bank for USD 150 million. The financing will be fully allocated to support micro, small, and medium-sized enterprises, with a focus on young and women entrepreneurs, as well as businesses in the agricultural sector.
• Global Finance magazine recognized XacBank as the Best Bank in Mongolia, with the award formally presented on October 18 in Washington, D.C
• XacBank was once again recognized as the “Outstanding Sustainable (ToC) Bank” for 2025. A key highlight of the year was the Bank’s successful implementation of environmental and social risk management, together with climate risk management frameworks. XacBank calculated greenhouse gas (CO₂) emissions associated with its lending and investment activities, and successfully published its disclosures under the international PCAF (Partnership for Carbon Accounting Financials) initiative, achieving “Reported” status.
• Moody’s Ratings upgraded XacBank’s long-term credit rating by one notch from B2 to B1 with a Stable outlook.

XacBank’s Q4 2025 Financial and Operational Results, Statement of Financial Position, and Statement of Comprehensive Income are available below.

Financial and Operational results

Statement of financial position

Statement of comprehensive income