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05 Feb, 2021

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.


04 May, 2020

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.


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).


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.