Company Overview of XacBank LLC
XacBank LLC provides personal and business banking products and services in Mongolia. The company offers current accounts, demand deposits, term deposits, housing saving accounts, child saving accounts, saving gift cards, online saving products, certificate of deposits, and escrow accounts; and loans, including mortgage, consumption, car, business, apartment-backed, Kiva, and student loans. It also provides financial leasing, money transfer, payment and settlement, trade finance, and foreign exchange services; card services; mobile and Internet banking services; and safety box and eco banking services. The company operates a network of approximately 107 branches and extension units; and 121 ...
XacBank HQ Building
Prime Minister Amar's Street
Post Office 20A
PO Box 72
Founded in 1998
Key Executives for XacBank LLC
Chief Executive Officer and Executive Director
President and Executive Director
Compensation as of Fiscal Year 2015.
XacBank LLC Key Developments
Asian Development Bank Providing Loans to XacBank and XacLeasing
Jul 4 14
The Asian Development Bank announced that it is providing a loan package to a private sector bank to help address the funding gap of micro-, small- and medium-sized enterprises (MSMEs), and to a financing company to support the nascent leasing sector in Mongolia. ADB has approved a $30 million loan directly to XacBank and a $10 million loan to XacLeasing through its parent company, TenGer Financial Group (TFG). TFG is also the holding company of XacBank.
XacBank LLC Presents at Mongolia Trade & Commodity Finance, May-13-2014 11:10 AM
Mar 26 14
XacBank LLC Presents at Mongolia Trade & Commodity Finance, May-13-2014 11:10 AM. Venue: Blue Sky Hotel, Ulaanbaatar, Mongolia. Speakers: Munhmandah O Borjigin, Head of International Banking Unit.
XacBank LLC Presents at Mongolia Investment Summit, Nov-19-2013 10:30 AM
Sep 20 13
XacBank LLC Presents at Mongolia Investment Summit, Nov-19-2013 10:30 AM. Venue: Four Seasons Hotel, 8 Finance Street, Central, Hong Kong, Hong Kong. Speakers: Bat Ochir Dugersuren, CEO.
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