XacBank
Bold Magvan, CEO
bold.m@xacbank.mn
Phone: 976-11-318185
Fax: 976-11-328701
Web Site: www.xacbank.mn
Product Offerings:
Offers 14 types of loan products and 7 types of savings products. Also offers money transfer, payment settlement and leasing services. In addition, the Bank provides services to the residents of remote rural areas via a mobile banking scheme. XacBank offers current account, savings, lending products, franchising as well as transfer and settlement services to its clients.Network Member Since:
2001Legal Status:
BankClient Base:
XacBank’s strategy is to provide a full range of financial services aimed at citizens in remote rural areas, including nomadic herders.Area of Operations:
XacBank is present in each of the aimags of Mongolia.Region:
AsiaCountry:
Mongolia| Data | 2008 | 2007 | 2006 |
|---|---|---|---|
| Active Clients | 168,762 | N/A | N/A |
| Borrowers | 54,973 | N/A | N/A |
| Savers | 113,789 | N/A | N/A |
| Portfolio Outstanding (USD 000) | 119,390 | 85,209 | 51,342 |
| Average Loan (US$) | 1,882 | N/A | N/A |
| Percentage of Female Clients | 52% | N/A | N/A |