• 462.1 million
    71,162
    6,493.2
    316.0 million
    782.4 million
    396,963
Mission:
XacBank will become a dominant institution with leading services in the financial market that is equally concerned on Planet, People, and Profit.
Background and Main Challenges: 
XacBank - the first commercial bank in Mongolia with a social mission - was created as the result of a merger of the two largest non-bank financial institutions in Mongolia, X.A.C. (Golden Fund for Development) LLC and Goviin Ekhlel (Gobi Initiative) LLC, on 1st October 2001. Goviin Ekhlel LCC ... Read more
Address: 
XacBank HQ Bldg, Ulaanbaatar-14200, Post Branch 20A, PO Box-721, MONGOLIA
Ulaanbaatar
14200
Mongolia
Phone: 
976 11 318 185
Fax: 
976 11 328 701
Email: 
info [at] xacbank [dot] mn
Website: 
Main Funding Sources: 
Loans
Savings
Shareholder Capital
Products and Services: 
Loans
Voluntary Savings
Insurance
Leasing
Funds Transfer Services
Training and Consulting
Products: 
XacBank is a leading provider of development finance in Mongolia, delivering innovative products and inclusive services to all the regions of the country through a rural presence and extensive network of 67 branches. Its clientele represent not only the lower-income segment of the market – Micro ... Read more
Services Provided: 
Full-scale Financial Services
Second-tier Lending to MFIs
Business Development Services
Education
Looking for (Investment Types): 
Loans in Local Currency
Loans in USD
Guarantees
Loans in EUR
% Operations Comprised by MF: 
91 - 100
Date established: 
Oct 1 2001
FYE: 
31-Dec
Regulated: 
yes

Social Performance Profile

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Property Insurance for some collateral
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Youth's financial education programs
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Micro Loan, Micro Savings, Micro Insurance, Slush Fund Loan,
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Partnerships

Current
Name Relationship
Dual Return Fund - Vision Microfinance Funding
IFC Funding
Incofin - Impulse Funding
Kiva Funding
Mercy Corps Network Affiliation
MFC Network Affiliation
MicroVest I Funding
Moody's Rating
Oikocredit Funding
ShoreCap Intl. Funding
Triodos Fair Share Fund Funding
Triodos Microfinance Fund Funding
Triodos-Doen Foundation Funding
WWB Network Affiliation

Related Organizations

Current
Name Relationship
Smart Campaign Endorsement

At a glance

  • Assets
  • Gross Loan Portfolio
  • Equity

Contacts

  • 3. ENHJARGAL Togtoh
    Director
    enhjargal [dot] t [at] xacbank [dot] mn
    976-11-318185
  • Batzul Dolgorsuren
    Micro Finance Officer
    batzul [dot] d [at] xacbank [dot] mn
  • Bold Magvan
    CEO of Tenger Financial Group
    bold [dot] m [at] xacbank [dot] mn
    976 11 318 185
  • Dugersuren Bat-Ochir
    CEO
    batochir [dot] d [at] xacbank [dot] mn
    976 11 318 185
  • Ganchimeg G
    Director of Marketing
    ganchimeg [dot] g [at] xacbank [dot] mn
    976 11 318 185

References