Business Banking - XacBank

WORKING CAPITAL LOAN

Loans financing the working capital needs of your business.

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Working
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Loans financing the working capital needs of your business.

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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.

2021.02.05

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.

2020.05.04

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).

2020.01.13

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.

2019.12.16