XacBank

XacBank is one of Mongolia’s largest banks that are of systemic influence serving micro customers, small and medium-sized enterprise as well as large orporations with a range of inclusive banking, fair investment and other financial products and services. It operates in all 21 provinces and the capital city serving more than 525 thousand customers through its 103 retail and 4 business branches as well as specialized banking outlets which includes over 888 AMAR mobile banking merchants and 49 Savings and Credit Cooperatives. The Bank aims to create a sustainable value for its shareholders and institutional investors, while promoting a triple-bottom line vision and mission built around the mantra “People, Planet and Profit.”

XacBank is the undisputed leader in Corporate Governance, Transparency and Risk Management, and is best known for its world standard Corporate Social Responsibility implementations. In 2012, both Moody’s and Fitch ratings affirmed the operational scope and the credit capacity of XacBank at “B1 stable” and “B stable” respectively, whilst development finance rating agency Planet Rating awarded the Bank a rating grade of “4-” out of “5” for its long-standing social performance.

The Bank’s goal is to be a client-driven organization that is more accessible, innovative, and able to strike quickly at the numerous unique growth opportunities, in line with the tremendous economic growth prospect for Mongolia in the coming decade.

More info at www.xacbank.mn

By author: admin - Oct 18, 2012 / Categories: Companies