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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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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