11 Apr 2017
Regular meetings of the Boards of Directors and Shareholders of XacBank and TenGer Financial Group

Regular meetings of the Boards of Directors and Shareholders of XacBank and TenGer Financial Group

The regular meetings of the Boards of Directors and the Annual General Meeting of Shareholders of XacBank and TenGer Financial Group were held on 29-30 March 2017 in Ulaanbaatar, Mongolia.The meetings of the board of directors and shareholders considered and approved the 2016 annual operational and financial results and 2016 audited financial statements of the Bank and TFG. A decision ...
11 Jan 2017
XacBank welcomes Mr. Torsten Kleine Buening as its new Chief Risk Officer

XacBank welcomes Mr. Torsten Kleine Buening as its new Chief Risk Officer

Mr. Torsten Kleine Buening was appointed as Chief Risk Officer at XacBank in January 2017. He is responsible for managing Credit, Market, Liquidity and Operational Risk and Compliance. He joined XacBank from Standard Chartered, where he served as Head, Governance for Enterprise Risk Management.Torsten is an experienced risk practitioner with 16 years of experience covering conventional and Islamic Finance in ...
11 Jan 2017

Tenger Insurance has awarded "2016 Best Insurance Company in Mongolia"

TenGer Insurance, a wholly-owned subsidiary of TenGer Financial Group, received the 2016 Best Insurance Company in Mongolia award from International Financial Magazine (IFM). TenGer Insurance is one of the leading companies in the insurance sector of Mongolia with successful long-term operations of 15 years. TenGer Insurance is sustainably implementing its commitment and responsibility to clients and customers offering efficient claim ...
03 Dec 2016
XACBANK - LOWER INTEREST RATES FOR ALL LOANS

XACBANK - LOWER INTEREST RATES FOR ALL LOANS

XacBank has lowered interest rates for all consumer and business loans, resulting in all XacBank loans to have maximum interest rates of 2.0%. Since its foundation, XacBank has always brought our customers valuable and beneficial financial services and products.As envisioned in our rebranding last year, the Bank has made customer-centric service a top priority, providing relevant solutions based on understanding ...
02 Dec 2016
XacBank proudly becomes an Accredited Entity of the Green Climate Fund (GCF)

XacBank proudly becomes an Accredited Entity of the Green Climate Fund (GCF)

The United Nations’ Green Climate Fund (GCF) board meeting was held at its headquarters in Songdo, South Korea on October 14th, 2016. During its fourteenth board meeting, the GCF reached a new milestone with the approval of USD 745 million in funding for projects to help developing nations tackle climate change. In addition to approving these funds, the GCF also ...
02 Dec 2016
XacBank Awarded “Best Bank of Mongolia, 2016”

XacBank Awarded “Best Bank of Mongolia, 2016”

XacBank was awarded “Best Bank of Mongolia, 2016” by the Global Finance magazine on October 10, 2016. The internationally acclaimed magazine, headquartered in New York, is a trusted name in the international finance sector reporting.The selection criteria included the bank’s capital increase, profitability, strategic partnerships, customer service, sound pricing structures, and the integration of cutting-edge technology into the product lines. ...
30 Sep 2016

XacBank the first Mongolian institution to complete project with the EBRD

To mark its 10th year anniversary of Mongolian operations, the European Bank for Reconstruction and Development (EBRD) Vice President and Chief Operations Officer Phil Bennett and other delegates visited XacBank on September 27, 2016. On the occasion of their visit, the bank was certified as the first EBRD project partner in all of Mongolia.In 2006, EBRD funded XacBank with a ...
28 Sep 2016

XacBank Invests in Preparing Future Football Players

First initiated by XacBank in 2006, “Boom – 2020” indoor football tournament will be held this year for the 11th time. This year the bank will sponsor schools #40, #71, Amgalan, Oyunii Undraa, and Erdmiin Urgoo secondary schools. During XacCup 2016 opening ceremony, the sports tournament among bank staff, we gifted football outfits and necessities to 180 student athletes of ...
31 Mar 2016

Regular meetings of the board of directors and shareholders of XacBank and TenGer Financial Group

Subject: Regular meetings of the board of directors and shareholders of XacBank (the Bank) and TenGer Financial Group (TFG) The regular meetings of the board of directors and shareholders XacBank and TenGer Financial Group were held on 29-31 March 2016 in Ulaanbaatar, Mongolia. The meetings of the board of directors and shareholders considered and made decisions on the 2015 annual ...