May 31, 2016 10:33 AM ET

Banks

Company Overview of XacBank LLC

Company Overview

XacBank LLC provides personal and business banking products and services in Mongolia. It operates through three segments: Retail Banking, Business Banking, and Treasury. The company offers demand deposits, term deposits, current accounts, savings accounts, child saving accounts, housing saving accounts, saving gift cards, and online saving products; consumer loans, which comprise household, salary, consumption purchase, and pension loans; deposit backed, vehicle purchase, apartment-backed, overdraft, mortgage, business, project, and student loans; and financial leasing services. It also provides insurance brokerage services, including property, vehicle, divers’ liability compulsory, personal...

XacBank HQ Building

Post Office 20A

PO Box-72

Ulaanbaatar,  14200

Mongolia

Founded in 1998

Phone:

976 75 771888

Fax:

976 11 328701

Key Executives for XacBank LLC

Chief Executive Officer and Executive Director
Chief Financial Officer
Chief Operation Officer
General Counsel and Vice President
Compensation as of Fiscal Year 2015.

XacBank LLC Key Developments

XacBank LLC Presents at Frontier's 9th Annual Conference- Invest Mongolia, Sep-08-2015 03:10 AM

XacBank LLC Presents at Frontier's 9th Annual Conference- Invest Mongolia, Sep-08-2015 03:10 AM. Venue: Shangri-La hotel, Ulaanbaatar, Mongolia. Speakers: Bold Magvan, Chief Executive Officer and Executive Director.

Asian Development Bank Providing Loans to XacBank and XacLeasing

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.

Similar Private Companies By Industry

Company Name Region
Anod Bank Asia
Capital Bank LLC Asia
Capitron Bank LLC Asia
Golomt Bank Asia
State Bank Of Mongolia Asia

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact XacBank LLC, please visit www.xacbank.mn. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.