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13 Jan, 2020

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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16 Dec, 2019

ADB, XacBank Sign Private Sector Loan to Support MSMEs in Mongolia

The Asian Development Bank (ADB) and XacBank signed today a $30 million A loan agreement—as part of a financing package which includes cofinanciers—to support expansion of XacBank LLC’s financing to micro, small, and medium-sized enterprises (MSMEs) in Mongolia, focusing on those owned by women and located outside Ulaanbaatar.

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