Search result (394)
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Salary loan
Opportunity to invest in yourself and your family from your own fixed income.
Household loan
Resolve your financial needs in the family.
Consumption purchase loan
You may furnish your cosy life with consumption purchase loan.
Current account
You can choose current account service in order to manage your business and individual accounts promptly and reliably. You can open bank accounts not only in MNT and USD, but also in EURO, RUB, JPY, CNY, and AUD and CAD to run your business easy.
Deposit backed loan
The smartest choice to solve sudden financial needs
Demand deposit
If you wish to make withdrawal/deposit any time you want, we recommend you XacBank's demand deposit product.
Regular term deposit
If you want to earn the highest interest income through savings for certain period, we recommend you XacBank's regular term deposit.
Mortgage loan
You can purchase your dream house through mortgage loan from XacBank and make a major investment in your life.
Private house Mortgage
You can have your private house of the design and color of your taste.
6% Mortgage
XacBank offers a mortgage under 6% government program which is implemented with the aid of BoM.
Current, Savings accounts
Possibility to conduct prompt and reliable transactions.
Saving accounts
Fees and commissions
ServicesTransactionsAmount of Fee /Currencies/MNTUSDEURCNYJPYAUDCADRUBKWNGBPIncome transaction of current and deposit accountCash incomeNo fee0.2%non-cash transaction only20%1.5%0.3%Non-cash...
Loans
Consumer loan
Mortgage
Working capital loan
It gives you the opportunity to finance your business and household consumption.
Investment loan
We offer you the opportunity to finance your business growth.
Prepaid Interest Deposit /Allows monthly interest payback/
Possibility to spend the interest monthly.
Business loan
Project loans
Organic Mongolia Program
Healthy Food is a basis of Healthy Life.
Future millionaire savings /Children savings/
Save today for the future of your child.
Card
Online bank
UnionPay card
Standing Order
The easiest way to create savings.
Union Pay classic card
It allows you to make domestic and international payments promptly at the cheapest cost.
Visa card
Classic card
With this card you can make your domestic and international payments and accept banking services.
Temuulel card
A stylish payment card for teenagers.
Digital banking
All available banking services will be delivered to you 24/7 using any internet connected device or smartphone app.
Mobile banking service – USSD based
USSD based mobile banking service enables you to perform basic banking requests anywhere, anytime without the need of Internet connection. All you need to do is to dial *1888#.
XacInfo notification service
XacInfo service will deliver messages containing information on all transactions, deposits and withdrawals immediately to your e-mail or mobile phone.
“QPay” QR code based payment service
XacBank mobile application based QPay service allows users to create their own QR code, containing basic account information, which are: bank name, account holder name, and account number allowing users to share their QR code with others, as well as read others’ QR code with their XacBank application to complete transactions.
Salary loan
S.W.I.F.T
TRANSFERRING MONEY ABROAD - SIMPLE AS EVER
Receiving payments from abroad
XacBank provides our clients with the ability to transfer money to any country in the world from the convenience of your home, office, mobile phone, and every branch of XacBank in Ulaanbaatar as well as branches in 21 provinces of Mongolia.
Transferring money abroad
TRANSFERRING MONEY ABROAD - SIMPLE AS EVER
Insurance brokerage
If you wish to protect the health, property and activity of your own or your closest people from any possible risks or damages, you may subscribe for the following insurance packages.
Property insurance
An owner and holder of any material property (such as an apartment building, private house, land, house, ger, furniture, electric appliances, equipment, heavy cargo transport vehicles and heavy machinery) can subscribe for this insurance product to protect his property against any possible risks and prevent from any consequences which might occur.
Vehicle insurance
This type of the insurance aims to protect the vehicle against possible risks and damages caused by natural force major events, intentional or unintentional actions by a third party, robbery or burglary, while the vehicle was moving or parking.
Drivers’ liability compulsory insurance
The damages caused to other people’s life, health or property due to a driver’s negligent driving will be compensated by insurance indemnification of up to MNT 5,000,000 and 10,000,000.
Personal accident insurance
This type of insurance aims to provide compensation to the insured and his family in case of his/her temporary loss of labor capacity, partial permanent loss, full permanent loss of labor capacity or death due to all types of sudden accidents happened to the insured ones during their work hours, on the work place or at any place in the territory of Mongolia at any time.
Payment settlement and Accounts
Business current account
By opening an institutional current account at XacBank, you can accurately and efficiently control your spending without the constraints of time and location.
Escrow account for securities settlement
Giving our clients the opportunity to participate in stock market by trading securities on the stock exchange.
Securities settlement Escrow account
Protecting against the risk that arises from the transfer of ownership, use, or rights between citizens and institutions by holding the relevant funds in an Escrow account until each party has fulfilled their respective responsibilities.
Institutional employee savings account service
Institutional employee savings account service
Current account
Savings account
Regular term deposit
By depositing your institution's savings into XacBank's time deposit account, you will cumulate interest earnings at competitive rates regardless of the balance in the account.
Prepaid interest deposit
You can qualify for a salary loan if you receive your salary through XacBank.
Internet banking
Internet banking services will provide you and your business with our complete range of services in a simple, reliable, and safe way regardless of time while saving your valuable time and space.
Business card
Business card
By using our International Business Card, your organization will be able to simplify international payments and control costs..
Salary card
It allows you to make domestic and international payments promptly at the cheapest cost.
Money transfer
International settlement
TRANSFERRING MONEY ABROAD - SIMPLE AS EVER
Currency exchange
XacBank provides prompt, reliable, safe international settlement services to its customers. We offer most competitive, flexible foreign exchange rate in currencies including USD, EUR, JPY, CNY, RUB.
Trade finance
Import Letter of Credit
The import L/C is a payment undertaking by XacBank to the foreign importer. XacBank will fulfill its payment obligation when the terms stipulated in the L/C are complied with.
Export letter of credit
You can qualify for a salary loan if you receive your salary through XacBank.
Bank Guarantee
If you do foreign trade business, by offering XacBank’s payment guarantee to your foreign business partners, you can minimize the payment risk, thus creating an opportunity for your business to receive more favorable conditions (e.g. deferred payment instead of prepayment).
Other services
Cash collection
Customers' accumulated cash revenue is collected by specialized bank staff from the customers' branches or sales points and safely deposited to their respective accounts.
Safety deposit box
We will protect your irreplaceable valuables, documentation, cash and other items truly safe.
EBRD syndication loan
XacBank has launched long term loan under the syndication agreement concluded with European Bank for Reconstruction and Development which aims to provide support for small and medium business through long term financing and technical assistance.
Loan service
Other business loans
We promote the success of our clients and work together with them to find the right solution to fit the specific needs of the business types while providing competitive rates, fees, and timely services.
Working capital loan
Loans financing the working capital needs of your business.
Credit line
If you face seasonal working capital needs, a credit line is a suitable solution for your business. A credit line can be opened for a certain amount and a certain period of time to help manage your costs and to plan your business accordingly.
Construction Loan
Loans that finance new construction projects as well as expansion, renovation and repair work on previously existing construction projects.
SME Business Loan for GHG Emission Reduction
Any businesses that produces, trades, or installs products reducing GHG emissions by at least 20%. Any end users of products that reduce GHG emissions by at least 20%.
Small and Medium Enterprise Development and Environmental Protection 2 Stage Projects
Two stage projects lending from Japan International Cooperation Agency designed to promote small and medium business development. Since 2006, XacBank and JICA have been cooperating on 1 and 2 stage projects.
Platinum card (VISA)
XacBank offers you globally recognized and accepted Dual Brand Platinum Card that deserves superior quality exclusive service worldwide.
Credit card
Correspondent banks
XacBank will transfer your payments according to your instructions to any country in the world through internationally reputable banks within 1-2 business days.
Merchant and POS terminal services
If you use XacBank’s POS terminal for your business, it provides the way of serving trustworthy and swift non-cash payment.
Business partnership
Intorduction
By choosing XacBank, the bank will not only provide you with the following services but we will become a valuable business partner in your everyday business.
Training for SME executives
Participating in XacBank’s training for SME executives will help you understand the banking solutions available, the requirements for each solution, and allow you to receive the necessary solutions with ease.
Business meetings
Participating in the business meetings provided by XacBank, you will network, build relationships, and gain information on projects and programs designed to support your business.
Tailored banking solutions
XacBank’s experienced professionals will tailor banking solutions to your specific business needs and be your valuable long term partner.
Market news and information providing services
XacBank provides clients with the necessary resources ranging from the latest micro & macroeconomic trends to foreign exchange market information.
Standing Order
A standing order is an instruction to make fixed amount of payments from your account, usually on a regular basis.
Авлагын санхүүжилт
Танд нийлүүлсэн бараа, үзүүлсэн үйлчилгээний төлбөр орж ирэх хүртэл хугацаанд дараагийн татан авалт хийх, үйл ажиллагааны зардлыг санхүүжүүлэх зэрэгт богино хугацааны бэлэн мөнгөний дутагдал үүсдэг бол ХасБанк танд “Авлагын санхүүжилт”-ийн үйлчилгээг санал болгож байна.
Investment loan
Long-term investment loans for business expansion.
Organic Mongolia Program
“Organic Mongolia” Program receives business projects and proposals and conducts the selection process every spring. Selected entrepreneurs qualify for a soft loan without any collateral requirements and also participate at the various exhibitions and trade fairs.
Project loan
Digital banking instructions
Digital banking instructions
"Monpay" payment card
With this card you can make your domestic and international payments and transactions in the cheapest, fastest and easiest way.
Eco Consumption Loan
Eco Consumption Loan for HeatingPurchase electric and other energy efficient heating appliances from our contracted suppliers through the “Eco Consumption Loan”.Loan termsloan sizeloan...
Temuulel Sub card
Card for 07-13 years old children
Classic credit card
Accepted by everywhere
Gold credit card
Accepted by everywhere
Platinum credit card
High credit limit, easy to use.
Energy-Efficient Housing Loan
XacBank is offering a reduced-rate energy-efficient housing loan from which clients can benefit from financial relief in the form of a principal reduction of up to 30% (up to a maximum of 18 million MNT) of the total loan amount.
Даатгалын зуучлалын эрхтэй ажилтнууд
Санхүүгийн зохицуулах хороо болон холбогдох мэргэжлийн холбоодын хамтран зохион байгуулсан даатгалын зуучлагчийн эрх олгох сургалтад хамрагдаж, шалгалтад тэнцсэн ажилтнуудын мэдээлэлтэй танилцана уу.
АХБ-ЗБДС-ийн хамтарсан “Зээлийн батлан даалтын тогтолцоог дэмжих замаар эдийн засгийг төрөлжүүлж, ажил эрхлэлтийг нэмэгдүүлэх хөтөлбөр”
Зээлийн батлан даалтын тогтолцоог дэмжих замаар эдийн засгийг төрөлжүүлж, ажил эрхлэлтийг нэмэгдүүлэх хөтөлбөр
Broncos Visa card
XacBank is now introducing the the official visa card of the Broncos pro basketball team.BENEFITS:The official card of Broncos pro basketball team;Available for use domestically and overseas;Secure...
CHIP багц төслийн зээл
Монгол гэрийн халаалт, дулаалга, агаар сэлгэлтийн цогц шийдэл
Salary deposit
More return and opportunities for your salary through consistent saving over time. We recommend you XacBank's Salary deposit.ADVANTAGESMore returns – Additional 10% bonus interest at the...
ПОС-ын орлого барьцаалсан зээл
Богино хугацааны эргэлтийн хөрөнгийн санхүүжилт
Эмэгтэй бизнес эрхлэгчдийг дэмжих зээл
Эмэгтэйчүүдэд илүү хөнгөлөлттэй бизнесийн зээл
Хүнс, хөдөө аж ахуйн үйлдвэрлэлийг дэмжих эргэлтийн хөрөнгийн зээл
ХасБанк хүнс, хөдөө аж ахуйн үйлдвэрлэлийг дэмжих хөтөлбөрийн хүрээнд бизнесийн үйл ажиллагаагаа тогтвортой явуулахад шаардлагатай эргэлтийн хөрөнгийн зээлийг хөнгөлөлттэй хүүгээр олгож байна.Давуу...
Хүнс, хөдөө аж ахуйн үйлдвэрлэлийг дэмжих хөрөнгө оруулалтын зээл
ХасБанк хүнс, хөдөө аж ахуйн үйлдвэрлэлийг дэмжих хөтөлбөрийн хүрээнд үйлдэрлэлийн тоног төхөөрөмжийг шинэчлэх, шинээр худалдан авах, үйлдвэрийн барилга байгууламж барих, өргөтгөх зориулалтаар...
Amar loan
Асуудлыг амархан шийдэх богино хугацаа, бага дүнтэй онлайн зээл
Төлбөрийн картын Клирингийн үйлчилгээ
Төлбөрийн картын Клирингийн үйлчилгээ
ыйбыйб
FUTURE КАРТ
Олон улсад ашиглах боломжтой залуучуудад зориулсан ВИЗА карт
Өмнөговь аймгийн Ханбогд сумын бизнес эрхлэгчдийг дэмжих
Бичил болон жижиг, дунд бизнесийг санхүүжүүлнэ.
Working capital & Investment
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Logo download
Xacbank Receives High International Rating In Social Performance
XacBank and Gateway Development Mongolia Agrees to Joint Effort to Promote Energy Efficient Housing in Mongolia
XacBank AWARDED Social Performance Reporting Award BY CGAP
Creating resilient economies in Mongolia
Making the grade - Funding poor students could be the next big thing in microfinance
2011 Global Microcredit Summit Offsets Carbon Emissions through XacBank and MicroEnergy Credits
MicroEnergy Credits provides clean energy to XacBank’s microfinance clients
Coal is a double-edged sword for Mongolia
ANNOUNCEMENT OF ANNUAL GENERAL MEETING OF SHAREHOLDERS OF TENGER FINANCIAL GROUP AND XACBANK
Citi to Purchase 1.17 Million Tonnes of Carbon Credits in Innovative Microfinance Deal with MicroEnergy Credits and Mongolia’s XacBank
Joint Annual General Meeting of the Shareholders of XacBank and TenGer Financial Group
Urumqi Tianrong Micro Finance Company Opens Today in Urumqi
Hana Financial Group and TenGer Financial Group Sign Memorandum of Mutual Understanding Concerning Strategic Partnership
EBRD arranges US$ 46 million syndication in Mongolia to boost XacBank’s SME financing
AT THE BEGINNING OF THE NEW YEAR XACBANK HAS EXTENDED THE NUMBER OF ITS BRANCHES AND THE PRIZES HAVE BEEN AWARDED TO THE FIRST WINNERS OF XACLOTTO 2 PROMOTIONAL CAMPAIGN
XacBank Signs USD 20 Million Loan Agreement for Energy Efficiency Lending
The winners of XacLotto 2 received their air tickets for travel to Disneyland
THE LAST WINNERS OF THE DRAGON YEAR OF XACLOTTO 2 CAMPAIGN
NOTIFICATION
XACLOTTERY WINNERS RECEIVE THEIR PRIZES
The First Winners of XVII Stemming Water Snake Year
We Trust on Savings than Luck. But ...
B.Oyungerel, Director of Retail Banking Division: Xacbank’s Cumulative deposit scheme represents one of the HR mechanisms for the retention of the key employees in a company, which ensures long-term commitment and productivity on the part of the employees
An Open Day for People Who Aim to Fulfill Their Wish
THE WINNERS OF THE FOUTH ROUND OF THE XACLOTTO 2 CAMPAIGN
A WOMAN WITH DOUBLE LUCK
XacBank wins “TOP 5 Banks” award
ANNOUNCEMENT
WELCOMING STATEMENT AND REPORT BY THE CHAIRMAN OF THE BOARDS OF DIRECTORS OF TENGER FINANCIAL GROUP AND XACBANK
THE WINNERS OF THE FIFTH ROUND OF THE XACLOTTO 2 CAMPAIGN
B. SANJAASUREN: I’VE LEARNED THAT I WON A NEW APARTMENT ON MY ELDEST SON’S BIRTHDAY
Initiation and Implementation of Gardening at School No 63 by Tenger Financial Group and XacBank Staff
What destination can I reach following the guidance by XacHuu?
The Sixth Round of the XacLotto 2 Campaign for Children’s Day
XACBANK BROUGHT LUCK AND HAPPINESS TO ITS CLIENTS
XacBank Provides Mortgage Loans under the Government Program
In cooperation with the insurance companies, XacBank provides insurance services
XACBANK and PROPARCO signed a credit facility agreement worth 15 million US dollars
WINNERS OF THE EIGHTH ROUND OF XACLOTTO 2 PROMOTIONAL CAMPAIGN
XacBank named The Best Retail Bank in Mongolia
XACBANK AND THE NATURE CONSERVANCY CONTRIBUTE MNT 80 MILLION FOR THE ENVIRONMENT PROTECTION INITIATIVE
THE WINNERS OF XACLOTTO 2 PROMOTIONAL CAMPAIGN
The first winner from the clients of “Amar” mobile service
XacBank Participates as Platinum Sponsor at 30th ABA General Meeting and Conference
XacBank is continuing to issue 8(+1) percent mortgages
XacBank’s new strategic investor
XACBANK’S PRESS RELEASE
THE WINNERS OF TENTH ROUND OF THE XACLOTTO 2 PROMOTIONAL CAMPAIGN
XacBank and IFC signed an ISDA master agreement
XacBank received the children’s choice award
Today is World Savings Day
THE WINNERS OF THE ELEVENTH ROUND OF XACLOTTO 2 PROMOTIONAL CAMPAIGN
XacBank enters into an agreement with the International Finance Corporation to convert US Dollars into Togrog
XacBank announces the winners
XAC NGO CEO GREETINGS
XacBank has participated in the Mongolia Investment Summit in Hong Kong as a Sponsor
XacBank’s Customer Service Center has introduced a new system
THE LAST WINNERS OF THE XACLOTTO 2 PROMOTIONAL CAMPAIGN WITH HIGHEST PRIZE FUND
XacBank is the Best Bank in Mongolia
CEO GREETINGS
The last winners of the XacLotto 2 campaign receive prizes
XacBank received USD 41 million funds from foreign institutions
XACBANK STARTED A COOPERATION WITH OeEB–THE DEVELOPMENT BANK OF AUSTRIA
THE ENTREPRENEUR OF THE YEAR OF 2013
ECO PRODUCT DISTRIBUTION PROGRAM STAKEHOLDER FEEDBACK ROUND
B. Oyungerel: No bank has the right to take additional interest from borrowers
XacBank is a Gold Sponsor of Coal Mongolia
XacBank Won World Bank Best Partner Award
THE FIRST WINNERS OF 2014 XACLOTTO PROMOTIONAL CAMPAIGN
XacBank information security meets international standards
XACBANK CAMPAIGN “EVERY CHILD IS A FINANCIER”
FINANCIAL FREEDOM TO FULFILL THE WISH CAMPAIGN
XACBANK RECEIVES ANOTHER AWARD AS THE BEST BANK IN MONGOLIA
ANNUAL GENERAL MEETING OF THE SHAREHOLDERS OF XACBANK
NOTICE
XacHuu friends will travel to Disneyland
Initiation and Implementation of Gardening at School No 29 by Tenger Financial Group and XacBank Staff
USA Eagles Team Visited XacBank
Your Chid’s Secured Future – Future Millionaire Savings
The XacBank opened a road to Disneyland, the dream of every child, for 10 children
XacBank Named as One of the Top 5 Banks Again
The CFI.co has named XacBank as a winner of the 2014 award for Best Corporate Governance in Mongolia
D. Bat-Ochir: XacBank’s strength is an understanding of the financial sector corporate governance standards ahead and their implementation
“Future Millionaires” led with “Temuulel” (Aspire) Visit Disneyland
XACBANK WELCOMES NEW CEO BOLD MAGVAN
XACBANK APPOINTS AMARTUVSHIN HANIBAL AS PRESIDENT
XacCup-2014 Golf Tournament
Microsoft, XacBank and IT Zone Signed a Memorandum of Cooperation
NOTICE
Regular meeting of the board of directors of Xacbank (The “BANK”)
The regular meeting of the Board of Directors of XacBank was held on 10 December 2014 in Ulaanbaatar, Mongolia.
Cart payment system downtime notice
Cart payment system downtime notice
Annual General Meeting of the Shareholders of XacBank
REGULAR QUARTERLY MEETING OF THE BOARD OF DIRECTORS OF XACBANK
XacBank ranked 7th among the TOP-100 enterprises in Mongolia
Message from CEO
XacBank-nominated for “Transformational Business-2015” award
XacBank revolutionized term deposit
Tugrik goes international
First titanium Platinum card in Mongolia
XacBank has been granted Smart Campaign Certification
Card payment system downtime notice
XacBank Welcomes a Strategic Investor
INTERNATIONAL VISA CARD SYSTEM DOWNTIME
Adorable musicians of ‘Egshiglent Chimee’ have become the future millionaires
M. Boldoo, CEO of XacBank have been awarded the “Jade Medal”
XacBank named “Top Bank of 2015” of Sustainable Finance Principles
XacBank Welcomes a Strategic Investor
Moody's: Entry of National Bank of Canada as strategic investor is credit positive for XacBank
Protect yourself from cybercrime!
XacBank welcomes Mr. Sandeep Khera as its new Chief Information Officer
XacBank named the Top Corporate Social Responsibility-2015
UnionPay card overseas usage guide
ANNOUNCEMENT
Change in the composition of the Board of Directors
International desk
We understand your culture as well as your financial needs.
Regular meetings of the board of directors and shareholders of XacBank and TenGer Financial Group
Protect yourself from cybercrime!
XacBank is the first and only organization in Mongolia to implement the Smart Campaign Client Protection Principles, as well as the first bank to introduce ISO 27001 standard to its service. In line with our principles, we put safety and confidentiality of our clients first and prioritize their rights.
FTS Media interview with Sandeep Khera, CIO of Xacbank
XAC Bank's CIO sheds light on the future of the physical bank branch and why traditional banking is being disrupted.
XacBank ranks 9th among the TOP-100 enterprises in Mongolia
XacBank was ranked in the 9th place among the top 100 companies in Mongolia at the 15th Annual Awards Ceremony held at the Government House’s Urgoo Ceremonial Hall on 28 April 2016.
Mongolia has become the 61st country to introduce Progress out of Poverty Index tool (PPI)
XacBank and the Microfinance Development Fund (MDF) in cooperation with Grameen Foundation NGO have introduced internationally recognized Progress out of Poverty Index tool (PPI) in Mongolia.
For Customer Attention!
Payment card system downtime.
IFC and FMO Provide XacBank with Syndicated Loan to Support MSME Borrowers
IFC has now provided a syndicated senior loan facility of $108.5 million to XacBank, the largest syndication for a Mongolian commercial bank to date.
XacBank has newly opened “Bayanmongol” branch
XacBank has opened one of its newest branch “Bayanmongol” in Elizabeth town, located in front of Bayanmongol town.
XacBank Will Work Towards Curing Hepatitis C Virus
XacBank along with the Health and Sports Ministry have agreed to work together towards detecting and treating Hepatitis C virus.
Operating hours during Naadam Holiday
Important Service Announcement!
USAID project REACH will work in cooperation with XacBank
XacBank and the REACH project of the U.S. Agency for International Development (USAID) and the project implementer Development Solutions NGO have agreed to work in cooperation.
XacBank new branch opening at E-mart Shopping Center
While shopping our customers can visit our branch to request business loan, consumer loan, house financing, all types of domestic and international payments, current and savings account, internet banking services and receive further financial services at their convenience.
WIN A CHANCE TO TRAVEL TO HONG KONG AND MACAU WITH YOUR LOVED ONE!
For each purchased transactions with your Union Pay card from August 1, 2016 through December 15, 2016 all your claims will be automatically included in the promotional campaign and win the chance to travel to Hong Kong and Macau.
Condolence
All of us at XacBank are deeply shocked with the sudden passing of James Peter Morrow and unite in mourning this remarkable man who served on our Board of Directors as an Independent Member.
XacBank “Data Center” has been qualified for the International Tier II Certification for Constructed Facility
After a site visit and remote demonstration, Uptime Institute Professional Services has recognized and deemed it necessary to award XacBank’s Data Center with the International Tier II Certification for Constructed Facility.
7 years of contribution in children's education
In 2016, ASPIRE and AFLATOUN programs have successfully integrated to the national high school curriculum of Mongolia.
Growing green(er)
Energy transition in the Asian steppe: How a Mongolian bank uses targeted loans to drive the adoption of renewable energy.
XacBank has opened its new branch at Monnis Tower
With the vision to bring world class financial services to Mongolia, XacBank has opened a new branch on the first floor of Monnis Tower’s first floor to become closer to its customers.
XacBank Invests in Preparing Future Football Players
First initiated by XacBank in 2006, “Boom – 2020” indoor football tournament will be held this year for the 11th time.
XacBank the first Mongolian institution to complete project with the EBRD
In 2006, EBRD funded XacBank with a USD 5 million for a 4 year period.
XacBank Awarded “Best Bank of Mongolia, 2016”
XacBank was awarded “Best Bank of Mongolia, 2016” by the Global Finance magazine on October 10, 2016.
XacBank proudly becomes an Accredited Entity of the Green Climate Fund (GCF)
GCF added eight new Accredited Entities, including XacBank, thereby making it the first private entity from a developing country to receive accreditation.
XACBANK - LOWER INTEREST RATES FOR ALL LOANS
XacBank has lowered interest rates for all consumer and business loans, resulting in all XacBank loans to have maximum interest rates of 2.0%.
XacBank awarded “The Best Bank of Mongolia”
The globally prominent The Banker magazine for reporting on banking and finance, held its 17th annual ceremony for awarding Best Banks of the Year on December 7, 2016 in London, where XacBank was awarded “The Best Bank of Mongolia”.
Mongolia’s XacBank signs accreditation agreement as GCF Partner
Mongolia’s XacBank today signed an Accreditation Master Agreement (AMA) with the Green Climate Fund, setting out its partnership with GCF to forge low-emissions and climate-resilient development paths in Asia.
XacBank US$ 20 million Funding Proposal Unanimously Approved by Green Climate Fund
XacBank is to receive US$ 20.0 million in concessionary loans from the GCF to promote both the use and production of energy efficiency and renewable energy products in the domestic market.
Highlights of 2016
Our gifts to our clients for the 15th anniversary.
XacBank- 15th Anniversary
15 years ago, on this day XacBank received its licence to operate as a Commercial Bank from the Central Bank of Mongolia. We thank everyone, our customers, partners, investors, employees who wrote the past 15 years of history with us and will be joining us in the future. Happy Anniversary!
XacBank welcomes Mr. Torsten Kleine Buening as its new Chief Risk Officer
Mr. Torsten Kleine Buening is responsible for managing Credit, Market, Liquidity and Operational Risk and Compliance. He joined XACBank from Standard Chartered, where he served as Head, Governance for Enterprise Risk Management.
XacBank Chief Risk Officer -T.Kleine Buening interview with Bloomberg TV Mongolia
Interesting interview on current banking and financial sector.
XacBank Payment Card Security internationally certified
XacBank received international PCI-DSS certification on the 15th of January by fully meeting the standard.
GCF Spotlight – Interview with Anand Batsukh from XacBank
GCF spoke to Anand Batsukh at the Fund’s Headquarters in Korea.
XacBank Introduces Card Delivery Service
XacBank is the first to introduce card delivery service to its customers by mail.
XacBank for financial education
Successfully organized Global Money Week-2017.
Regular meetings of the Boards of Directors and Shareholders of XacBank and TenGer Financial Group
XACBANK RANKS 6TH AMONG TOP-100 ENTERPRISES IN MONGOLIA
XacBank was awarded as the 6th among the TOP-100 Enterprises for its contribution for the country’s economic development, support for local manufacturers and financing of businesses.
XacBank partners with the Renewable Energy Forum
During the forum G. Tuul, director of the Eco Banking Department at XacBank, delivered a presentation on the topics of green financing, including XacBank loan programs for sustainable energy and energy efficiency, international cooperation, and sectoral risks.
H.E. Assistant Deputy Minister of Foreign Affairs of Canada paid visit at XacBank
H.E. Assistant Deputy Minister of Foreign Affairs of Canada paid visit at XacBank.
GCF begins funds transfer to Mongolia's XacBank
The Green Climate Fund has completed the initial tranche of a USD 20 million financing package to XacBank, a leading lender in Mongolia.
OPIC, IFC and XacBank supporting women-owned businesses in Mongolia
The Overseas Private Investment Corporation (OPIC), IFC (International Finance Corporation), and XacBank LLC today signed a loan agreement to support access to finance in Mongolia for women-owned small and medium sized (SME) businesses.
Samat Kuljabaev: XacBank would be the largest bank in Kyrgyzstan.
We had the pleasure of talking with Mr. Samat Kuljabaev, Chief Risk Officer at Kompanian Bank CJSC, who has been working at XacBank as a visiting risk officer.
“Every child is an artist" contest results are out
For the second year, XacBank successfully organized the “Every Child is an Artist” arts and crafts competition on the occasion of Children’s Day, between the ages of 3-14.
Invitation to attend XacBank’s First Annual Green Financing Forum
Important service announcement!
“Global Finance” magazine names XacBank as Best Bank in Mongolia
Every year, Global Finance magazine, a global reputation identifier of banks and financial institutions, publishes a list of “world’s best banks”, and these awards have become a recognized and trusted standard of excellence. In an award ceremony held in Washington DC, US on October 14th, 2017, the magazine named XacBank as the Best Bank in Mongolia for 2017, making it the third time that XacBank has received this honor.
Announcement of call for proposals
XacBank first Mongolian bank to finance renewable energy
The Green Climate Fund has signed a funding agreement with Mongolian-based Direct Access Accredited Entity XacBank in the country’s first renewable energy project financed by a local bank.
XacBank and MIAT Mongolian Airlines partner to bring MIAT credit card to the market
XacBank has completed and handed over the refurbishment work of the Integrated Surgical Room at the NCTI
XacBank and Cargill LLC have partnered together to complete refurbishment work on the Integrated Surgical Room at the National Center of Trauma and Injury and handed over fully outfitted room with world-class technology and equipment on November 30th, 2017.
XacBank has been named the Best Bank of Mongolia again
The Banker’s 18th annual “Bank of the Year Awards” – which are widely regarded as the Oscars of the banking industry – occurred on November 29th in London, U.K., and XacBank has been named as the Best Bank in Mongolia for 2017.
Boosting Mongolia’s smallest firms with US$ 40 million loan
The EBRD is providing a US$ 40 million syndicated loan to Mongolia’s XacBank for financing private micro, small and medium-sized enterprises (MSMEs) around the country.
Best bank for SMEs: XacBank
Mongolia’s push to develop a banking sector fit for the 21st century – a process that is being accelerated by a slew of financial reforms – is likely to benefit lenders with a diverse group of shareholders and better transparency and corporate governance.
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.
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”.
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.
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.
Global Climate Partnership Fund provides Technical Assistance to XacBank
Since its founding in 2001, XacBank has provided sustainable financial solutions for its customer base, of which 1/3 is Mongolia’s youth (and future).Triple Bottom Line, XacBank follows the Kathmandu principles of value based banking with the People, Planet and Prosperity triple bottom line approach.
XACBANK IMPLEMENTS BIOMETRIC TECHNOLOGY TO EXPEDITE SERVICES
XacBank has successfully implemented a biometric system at all branches to enable swifter document procurement.
EBRD launches Regional Small Business Programme in Mongolia
Local financial institutions to benefit from online training and knowledge sharing platform
ХасБанк "Оюу Толгой" ХХК-ийн ханган нийлүүлэгчдийг дэмжинэ
Энэ сарын 3, 4-ний өдрүүдэд Буянт Ухаа спорт цогцолборт зохион байгуулагдсан “Оюу толгой” ХХК-ийн “Ханган нийлүүлэгчдийн үзэсгэлэн-2018” арга хэмжээний үеэр Оюу Толгой ХХК-ийн Ханган нийлүүлэгчдэд санхүүжилт олгох тухай хамтын ажиллагааны гэрээг сунгаж, ХасБанкны Ерөнхий захирал Г. Амартүвшин гарын үсэг зурлаа.
Swipe more, earn more – New debit card
XacBank has teamed up with Candy service to introduce a brand new “Candy” debit card. Customers can collect 1% of their payment amount back as "Candy" from every purchase made through XacBank POS.
“Global Finance” magazine names XacBank as the Best Bank of Mongolia for the 4th time
Every year, the Global Finance magazine, a global reputation identifier of banks and financial institutions, publishes a list of “World’s Best Banks”, and these awards have become a recognized and trusted standard of excellence. XacBank has been named as the Best Bank of Mongolia for 2018.
SMART Client Protection Principles
XacBank’s operations were evaluated by Planet Rating, a French-based internationally renowned microfinance and social rating agency, and in August of 2015 was certified by the Smart Campaign Certification for our outstanding achievement and implementation of globally endorsed Client Protection Principles.
XacBank extends contract with Oyu Tolgoi
XacBank celebrated “Banking on Values Day”
XacBank celebrated “Banking on Values Day” on the 7th of November throughout all of its branches and headquarters.
XacBank appoints Tsevegjav Gumenjav as President of Retail banking
XacBank, one of the top 4 banks in Mongolia with an award winning Corporate Governance and Corporate Social Responsibility program, announces today the promotion of Mr. Tsevegjav Gumenjav to the role of President of Retail Banking.
XacBank and Mercy Corps partner on pasture restoration project in Khentii aimag
On Thursday, December 13, Mercy Corps’ Country Director to Mongolia, Wendy Guyot, signed a partnership agreement with XacBank CEO Bold Magvan. The signing marked the beginning of a year-long pasture restoration and herder livelihoods project, called the Green Pasture Pilot, that Mercy Corps will be conducting in partnership with XacBank in Bayan-Ovoo soum, Khentii.
Annual General Meeting of the Shareholders of XacBank and TenGer Financial Group and meetings of the Boards of Directors
Tsevegjav Gumenjav appointed as new CEO of XacBank and TenGer Financial Group
G. Tsevegjav: Digital transformation is going successfully
Mr. Tsevegjav Gumenjav's, CEO of XacBank, interview with Mongolian Economy magazine for 95th anniversary of the establishment of Mongolia's banking sector.
IFC Provides $65 Million to XacBank to Expand Lending to Small Businesses in Mongolia
IFC, a member of the World Bank Group, is providing a $65 million loan to XacBank to support the expansion of access to finance for more than 44,000 micro, small and medium enterprises (MSMEs), to create jobs and promote economic diversification in Mongolia.
Visa Mongolia Medical Program
IFC VP for Asia and Pacific - Nena Stoiljkovic visits XacBank
XacBank welcomes Iliya Avramov as its new Chief Risk Officer
ADB, XacBank Sign Private Sector Loan to Support MSMEs in Mongolia
The Asian Development Bank (ADB) and XacBank signed today a $30 million A loan agreement—as part of a financing package which includes cofinanciers—to support expansion of XacBank LLC’s financing to micro, small, and medium-sized enterprises (MSMEs) in Mongolia, focusing on those owned by women and located outside Ulaanbaatar.
FMO arranges USD 100 Million syndicated loan to XacBank Mongolia
The five-year tenor of the loan will strengthen XacBank’s long-term funding base and allow the bank to further grow and expand in its focus areas in retail, micro and small and medium enterprises (“MSME’s).
XacBank welcomes Narayan Samant as its new Chief Information Officer
Narayan joins us from Afrasia Bank Mauritius and has a wealth of experience not only in information technology area spanning over two decades, he also brings valuable experience in the digital banking having helped DBS launch its DigiBank.
XacBank welcomes the new Banking Regulation concerning Initial Public offering
Board of Directors of XacBank LLC (“XacBank”), a leading systemic commercial bank, welcomed the change to the Banking Regulations requiring public listing of the bank on the Mongolian Stock Exchange.
Procurement process
XacBank became Silver Award winner of the EBRD Sustainability Award 2022
Driven by triple-bottom-line mission of “People, Planet and Prosperity” XacBank of Mongolia became Silver Award winner of the EBRD Sustainability Award 2022 in the category “Financial Institutions”. This “Silver” award was won against exceptionally strong competitors from across the EBRD’s countries of operations.
EBRD and GCF support green lending in Mongolia
The European Bank for Reconstruction and Development (EBRD) is promoting green lending in Mongolia by organizing a financial package of US$ 25 million to XacBank, the country’s most active creditor of green economy projects.
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.
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.
Infosys Finacle powers XacBank’s Digital Transformation Journey
Infosys Finacle and XacBank, a leading universal bank in Mongolia, today announced the successful transformation of the bank’s technology landscape with the Finacle Digital Banking Solution Suite.
Announcement of extraordinary general meeting of XacBank shareholders
The Board of Directors of XacBank has announced an extraordinary general meeting of XacBank shareholders through its resolution No. R-2023-66 dated 2 August 2023.
Announcement of extraordinary general meeting of XacBank shareholders
Announcement of extraordinary general meeting of XacBank shareholders
XacBank Concludes the Extraordinary General Meeting of the Shareholders with Agenda Items Approved
The first extraordinary meeting of the shareholders of XacBank was convened on 15 September, 2023, in the Diamond meeting room on the 3rd floor of Blue Sky Hotel, following the XacBank’s reorganization into a joint-stock company.
Dividend declaration by “XacBank” JSC based on the net profit for the first half of 2023
“XacBank” JSC has distributed MNT 15.5 billion in dividends to its shareholders from the net profit for the first half of 2023
Pursuant to the Board of Directors’ Resolution regarding the holding of an extraordinary general meeting of shareholders via ballot voting, the ballot voting took place from December 20, 2023 to February 02, 2024. The declaration and distribution of dividend from the net profit for the first half of 2023 was approved with 99.9% of the voting shares of XacBank in favor.
ANNOUNCEMENT OF THE ANNUAL GENERAL MEETING OF XACBANK JSC SHAREHOLDERS
The Board of Directors of XacBank JSC has announced the 2024 annual general meeting of the shareholders (the “AGM”) by its Resolution No. R-2024-20 dated 15 March 2024, pursuant to Article 59.4 of the Company Law.
XacBank has received 25 million US dollars from EBRD to support green businesses
XacBank received USD 25 million funding from the European Bank for Reconstruction and Development (EBRD) in order to support entrepreneurs and enterprises that intend to introduce energy-efficient equipment and environmentally friendly technologies into their operations.
XacBank Sustainability Report 2023
XacBank actively gathers data to track the social and environmental impacts of our operations. We embrace in-house environmental protection measures, such as promoting efficient energy, fuel, and water use; reducing paper consumption; and managing our waste.
Announcement of the extraordinary general meeting of XacBank JSC shareholders
Announcement of the extraordinary general meeting of XacBank JSC shareholders
"XacBank" JSC distributed a dividend of MNT 18.9 billion from the Bank’s earnings for the first half of the year 2024 to its shareholders
Following the EGM, 99.99% of the shareholders with voting rights who participated in the EGM have approved to declare and distribute interim dividends from the Bank’s earnings for the first half of the year 2024 in the total gross amount of MNT 18,948,600,000.00 by a declaration of dividend in the amount of MNT 18.00 per share.
XacBank raised 55.7 million US dollars from the development financial institutions
The funding will be used to finance micro, small, and medium businesses, women-owned businesses in particular, as well as to support green business and environmentally friendly projects that have a positive effect on mitigating climate change and reducing greenhouse gas emissions.
XacBank has successfully opened a USD account at BNY Mellon
With this new account, the bank is poised to offer faster, cheaper and more reliable international USD transactions than ever before as well as shortening the time of receiving USD transfers from abroad by 2-3 times through SWIFT.
Announcement of the Annual General Meeting of XacBank JSC shareholders
Announcement of the Annual General Meeting of XacBank JSC shareholders
Annual General Meeting of XacBank JSC Shareholders
The Annual General Meeting of Shareholders of XacBank JSC was successfully held on 29 April 2025 in a hybrid format—both in-person and online—at the Ball Room of Shangri-La Hotel. The meeting was declared valid with a quorum of 96.01%, and the Shareholders discussed and approved a total of six agenda items.
Michael Madden, Board Director of XacBank, has been honored with the prestigious Order of the Polar Star
Michael serves as a Board Director of XacBank and it’s parent company TenGer Financial Group since 2009. The Government of Mongolia has officially recognized the significant contributions of Michael Madden, a prominent and long-standing investor to XacBank and TenGer Financial Group.
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Shareholders, funders, partners
Corporate milestones
Awards
Ratings
History of Bank and TFG
SOCIAL AND ENVIRONMENTAL RESPONSIBILITY
Human resources
Board of Directors
Executive Management Team
Financial and Operational result
Risk governance
Personal Banking
About us
Since its founding in 2001, XacBank has created sustainable growth in the banking and financial sector of Mongolia, continuously expanding operations, and has become one of the largest systemic banks.
Board Committees
2019-2023 Financial summary
Prudential ratios
The loans and other equivalent assets provided to the related parties
Audited report
Financial, Accounting Structure, Audition
Eco Banking
ESMS on Renewable Energy Program – Solar
Сэргээгдэх эрчим хүчний хөтөлбөр #1 – Нарны цахилгаан станц
Effort to Reduce Air Pollution and Greenhouse Gas Emissions
XacBank has been implementing projects to reduce air pollution in Ulaanbaatar as well as to contribute to the climate change mitigation. It started Eco Product Distribution Program in 2009, and has distributed over 143,015 improved heating stoves, 19,850 improved ‘ger’ insulation blankets (for nomadic dwelling) to the ger area households in Ulaanbaatar which covered 80% of households in the capital city. Energy efficient stoves and insulated ger blankets helped the households to reduce its coal consumption by half to heat their homes in the winter.
X.A.C NGO
Mongolian Sustainable Finance Initiative
Aflatoun financial and social education program
Aspire financial education program
The Global Alliance for Banking on Values (GABV)
The UN global compact's ten principles
Global Business Oath
Women's World Banking
MasterCard Worldwide болон Visa Card International
Security
General information
Employee benefits
Recruitment stages
Graduate corner
Green Climate Fund news
Scholarship
Contact us
Statement of comprehensive income
Statement of financial position
ESMS on MSME Business Loan Program for GHG Emission Reduction
Байгаль орчин болон нийгмийн менежментийн систем
HR Application
HR Application
Business Banking
Organizational structure
How to implement Know-Your-Customer?
Know-Your-Customer: What kind of information you need to provide to Bank?
Consequences of refusal to provide information requested by the bank?
Cross-Border Transactions
Compliance
Understanding Anti-Money Laundering and Counter Terrorist financing
Responsible Banking Service
We build and manage sound relationship, based on mutual respect, trust, honesty and fairness.
XacBank's ethics
Performance of Non-performing Assets Reduction Plan
ESMS on Mongolia Green Finance Corporation
The proposed Mongolia Green Finance Corporation (MGFC) is a joint public-private sector effort to create a national financing vehicle (NFV) to overcome the existing challenges and constraints of climate change mitigation.
Where to File a Complaint
Where to File a Complaint
Independent non-executive directors report
AGM / EGM related materials
Ad-hoc Announcements
Rules and regulations
Shareholders Meeting Resolutions
Conflict of interest transaction
Sustainability report
Other ad-hoc announcements
