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13 Jan, 2020

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).


16 Dec, 2019

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.