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. At the event, the 25th year of selection and ranking, the best banks from 67 countries as well as the best of the best banks from 5 different regions were announced.
Namely, ICBC from the PRC, Sumitomo Mitsui from Japan, Maybank from Malaysia, KEB Hana Bank from South Korea, OCBC from Singapore, and UBS from Switzerland have been recognized for their widespread operations, capital capacity, governance, and trustworthiness not only in their country but in their respective regions.
XacBank received this prestigious award in 2014 and now once again for our 15th anniversary, securing its position year after year as the Best Bank in Mongolia. We sincerely thank our loyal customers for joining XacBank in contributing to our country’s economy and to the betterment of communities throughout Mongolia.