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:
2001
Legal Status:
Bank
Area of Operations:
XacBank is present in each of the aimags of Mongolia.
Client Base:
XacBank’s strategy is to provide a full range of financial services aimed at citizens in remote rural areas, including nomadic herders.
Region:
Asia
Country:
Mongolia | Data | 2009 | 2008 | 2007 |
|---|---|---|---|
| Active Clients | 219,640 | 234,446 | 194,521 |
| Borrowers | 84,304 | 54,973 | 54,270 |
| Savers | 135,336 | 110,991 | 100,904 |
| Portfolio Outstanding (USD 000) | 136,098 | 118,145 | 86,056 |
| Average Loan (US$) | 1,253 | 1,583 | 1,263 |
| Percentage of Female Clients | 59% | 50% | 56% |