XacBank
BankingUlaanbaatar, Mongolia201-500 Employees
XacBank is a Mongolian financial institution focused on community development through banking and microfinance. Based in Ulaanbaatar and founded in 1998, it operates within the banking sector with an emphasis on inclusive financial services delivered via a broad network of branches and partner connections. The bank emphasizes support for micro-entrepreneurs and small and medium-sized enterprises, providing access to transparent and reliable products and services through technology-enabled platforms and personalized customer care. The institution positions itself as a dynamic driver of inclusive finance and product innovation, aiming to expand its market share while supporting competitive MSMEs in Mongolia. Its mission highlights sustainable development and equitable access to banking services for its micro-entrepreneurs and SMEs. A recent development includes a 2023 partnership with Micro Energy Credits Corp to use carbon financing to advance energy initiatives in Ulaanbaatar.