OUR MISSION xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx OUR VISION
Our mission is to be a life long partner for
our customers in providing value added
financial solutions embracing the highest
standards of triple bottom line mission:
People, Planet and Profit.
Our vision is to become a world-class
financial services group in Mongolia.



Principles People, Planet, Profit
Name TenGer Financial Group LLC
Form Limited Liability Company
Ownership Private
Established October 2001
Head Office 16/F, International Commercial Center (ICC),
Jamiyan Gun Street 9
Post Branch 20A, P.O.Box 72
Ulaanbaatar-14210, Mongolia
Chairman Ganbold Chuluun
CEO Bold Magvan
Brand promise Your financial partner for life
Financial offerings Retail banking, business banking, leasing & equipment finance, insurance, investment banking, asset management,
  • XacBank
  • XacLeasing
  • Tenger Insurance
  • Tenger Capital
  • Xac Security
  • Glacier Asset
  • Tiang Rong
Employees 1,613 (consolidated as of 30 September 2016)
Gender Balance 58% female and 42% male
Average Age
32 years
Currency Unit Mongolian National Togrog (₮ or MNT)
Total Assets MNT 2,165 billion or USD 1 billion (as of 30 June 2016)
Auditors Deloitte