XacBank
  • 634.7 million
    80,106
    7,923.0
    384.6 million
    1.1 billion
    463,216
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
Country: 
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

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