THE SALE OF TENGER INSURANCE AND TENGER CAPITAL
TenGer Financial Group LLC (“TFG”) has successfully completed the transfer of ownership of its subsidiaries, Tenger Insurance LLC and Tenger Capital LLC as part of the Group’s corporate restructuring.
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XacBank becomes re-accredited by the Green Climate Fund
XacBank becomes re-accredited as a national direct access Accredited Entity (AE) of the Green Climate Fund (GCF) during the 34th board meeting of the GCF which took place on October 17 – 20, 2022 in Incheon, South Korea.
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EBRD and GCF support green lending in Mongolia
The European Bank for Reconstruction and Development (EBRD) is promoting green lending in Mongolia by organizing a financial package of US$ 25 million to XacBank, the country’s most active creditor of green economy projects.
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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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