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October 10, 2015 11:14 AM ET


Company Overview of XacBank LLC

Company Overview

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

Ulaanbaatar,  14200


Founded in 1998

1,465 Employees


976 11 318185


976 11 328701

Key Executives for XacBank LLC

Chief Executive Officer and Executive Director
President and Executive Director
Chief Financial Officer
Chief Operation Officer
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.

XacBank LLC Presents at Mongolia Trade & Commodity Finance, May-13-2014 11:10 AM

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.

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