XacBank JSC (Mongolia)


  • Type Direct (National)
  • Date of accreditation 14 Oct 2016

XacBank JSC (XacBank), is a national private sector entity in Mongolia. The entity serves clients from individuals and micro-, small- and medium-sized enterprises to Mongolia’s largest corporations with a full spectrum of inclusive banking, fair investment and other financial products and services. The entity strives to be a dynamic leader in the Mongolian financial sector, setting the highest standards in corporate governance and social and environmental responsibility, while returning fair value to its shareholders.

Accreditation timeline

Accreditation term 1

17 Feb 2017 - 16 Feb 2022

Accreditation date

14 Oct 2016

AMA execution date

14 Dec 2016

AMA effectiveness

17 Feb 2017

Term end date

16 Feb 2022

Accreditation term 2

06 Sep 2023 - 05 Sep 2028

Re-accreditation date

19 Oct 2022

AMA execution date

15 Jun 2023

AMA effectiveness

06 Sep 2023

Term end date

05 Sep 2028

Entity details

  • Size
    • Micro
    • Small
    • Medium
    • Large
  • Environmental and social risk category
    • Category C
    • Category B
    • Category A
    • Intermediation 3
    • Intermediation 2
    • Intermediation 1
  • Fiduciary standards
    • Basic
    • Project management
    • Grant award
    • On-lending/blending:
    • Loan
    • Equity
    • Guarantee
    • Blending




Mongolia Green Finance Corporation



Energy Efficient Consumption Loan Programme



Renewable Energy Program #1 - Solar



MSME Business Loan Program for GHG Emission Reduction


News + Stories

GCF is supporting Mongolia’s ambition to pursue a low-emission future

10 Apr 2019 / And helping it adjust to the growing pains of rapid urbanisation

Ulaanbaatar: Live Better, Breathe Easier

09 Apr 2019 / A GCF project is helping Ulaanbaatar city shift to a low-emission, climate-resilient development path.

GCF helps XacBank become first Mongolian bank to finance large-scale solar

28 Jan 2019 / XacBank has become Mongolia’s first private bank to fund the completion of a large-scale, solar plant in a financing partnership with GCF.

XacBank first Mongolian bank to finance renewable energy

11 Nov 2017 / GCF has signed a funding agreement with XacBank in the country’s first renewable energy project financed by a local bank.

GCF backs Mongolian forum to open up low-emission, business paths

05 Sep 2017 / XacBank, a GCF Accredited Entity, is helping Mongolia forge a new sustainable phase in its economic growth by holding the bank’s first green finance forum on Wednesday.

GCF completes USD 20 million transfer to drive clean Mongolian energy sector

03 Jul 2017 / GCF is helping Mongolian enterprises kick start a national, low-carbon energy sector with its completion of a USD 20 million funds transfer to a Mongolian bank.

GCF workshop nurtures cross-border ideas

25 May 2017 / Indonesia can learn from Mongolia’s placement of women-led small businesses on the climate action frontline, according to the representative of a state-owned corporation at a GCF workshop.

GCF begins funds transfer to Mongolia’s XacBank

11 May 2017 / GCF has completed the initial tranche of a USD 20 million financing package to XacBank.

Mongolia’s XacBank signs accreditation agreement as GCF Partner

14 Dec 2016 / Mongolia’s XacBank today signed an agreement with GCF, setting out its partnership to forge low-emissions and climate-resilient development paths in Asia.


Ms. Tuul Galzagd

Director, Eco Banking Department
XacBank Headquarters Building, Post Branch 20A, P.O. Box 72, Ulaanbaatar, Mongolia
Phone +976 7577 1888
Mr. Enkh-Erdene Erdenekhuyag

Project Development Officer
XacBank Headquarters Building, Post Branch 20A, P.O. Box 72, Ulaanbaatar, Mongolia
Phone +976 7577-1888