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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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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