XacBank became Silver Award winner of the EBRD Sustainability Award 2022
Driven by triple-bottom-line mission of “People, Planet and Prosperity” XacBank of Mongolia became Silver Award winner of the EBRD Sustainability Award 2022 in the category “Financial Institutions”. This “Silver” award was won against exceptionally strong competitors from across the EBRD’s countries of operations.
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XacBank welcomes the new Banking Regulation concerning Initial Public offering
Board of Directors of XacBank LLC (“XacBank”), a leading systemic commercial bank, welcomed the change to the Banking Regulations requiring public listing of the bank on the Mongolian Stock Exchange.
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XacBank welcomes Narayan Samant as its new Chief Information Officer
Narayan joins us from Afrasia Bank Mauritius and has a wealth of experience not only in information technology area spanning over two decades, he also brings valuable experience in the digital banking having helped DBS launch its DigiBank.
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FMO arranges USD 100 Million syndicated loan to XacBank Mongolia
The five-year tenor of the loan will strengthen XacBank’s long-term funding base and allow the bank to further grow and expand in its focus areas in retail, micro and small and medium enterprises (“MSME’s).
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