XacBank

XacBank provides integrated banking and financial solutions to consumer and MSMEs throughout its 80 nation-wide branches. In 2017-2019, XacBank successfully signed a loan agreement with international financial organizations and investors to support SMEs access to fund and as a result of it, loan portfolio of the bank increased from MNT 1.4 trillion to MNT 2.0 trillion. About 60% of the loan was purely granted to micro and SMEs to expand their business operation and support new job creation. As of today, XacBank serves approximately 800,000 customers.