Introduction Vision and Mission

XacBank (www.xacbank.mn) is one of Mongolia’s largest banks, serving Micro customers, Small and Medium-sized Businesses as well as large corporations with a range of inclusive banking, fair investment and other financial products and services.  It operates in all 21 provinces and the capital city serving more than 500 thousand customers through its 97 retail and business branches as well as specialized banking outlets which includes 400 AMAR mobile banking agents and 70 Savings and Credit Cooperatives. The Bank aims to create a sustainable value for its shareholders and institutional investors, while promoting a triple-bottom line vision and mission as built around the “Planet, People and Profit.”  

XacBank is an undisputed leader in Corporate Governance, Transparency and Risk Management, and is best known for its world standard Corporate Social Responsibility implementations.  In 2010, both Moody’s and Fitch ratings affirmed the operational scope and the credit capacity of XacBank at “B” and “B+” respectively, whilst development finance rating agency Planet Rating awarded the Bank a rating grade of “4-” out of “5” for its long-standing social performance.

Our goal is to be a more client-driven organization that is more accessible, innovative, and able to strike quickly at the many unique growth opportunities, in line with the outstanding economic growth prospect for Mongolia in the coming decade.

OUR VISION

To contribute to sustainable development of Mongolia that can come only from educated and skilled people and competitive and dynamic businesses concerned equally about Planet, People, and Profit. The Bank will provide equitable access to transparent, reliable and responsive banking products and services to the Bank’s clients, including its traditional Micro-entrepreneurs as well as Small and Medium businesses.

OUR MISSION

XacBank will be the dynamic leader in providing inclusive financial services and innovative products through an extensive network of branches and partners. The Bank will further grow its market share and support the development of competitive Micro, Small and Medium businesses in Mongolia by using the information communications technology together with personalized customer services.