XacBank’s insider policy
XacBank’s Board of Directors approved the bank’s Insider policy which is intended to ensure that all relevant persons comply with rules on insider dealing as described in the law.
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Annual general meeting of the shareholders of XacBank and TenGer Financial Group
The Annual General Meeting (“AGM”) of the Shareholders of XacBank and TenGer Financial Group was held on 29 March 2018 with a participation of all 12 Shareholders forming a full quorum of 100 percent.
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The Business Ethics Working Group of the Business Council of Mongolia held a special meeting
The Business Ethics Working Group of the Business Council of Mongolia held a special meeting with a panel discussion on “Macro issues of Relevance to Businesses in Mongolia – The Special Case of Anti-money Laundering Compliance and the Asia/Pacific Group (APG)’s Mutual Evaluation Report (MER) on Money Laundering”.
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Moody’s upgrades XacBank’s issuer rating to B3 from Caa1
Moody’s Investors Service has upgraded Xacbank’s issuer rating to B3 from Caa1 with a stable outlook.
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