May 31, 2016 10:33 AM ET


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


Founded in 1998


976 75 771888


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.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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