XacBank LLC

XacBank

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

XacBank LLC (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.

  • 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

Projects

SAP004
Mitigation

Mongolia

Energy Efficient Consumption Loan Programme

FP046
Mitigation

Mongolia

Renewable Energy Program #1 - Solar

FP028
Mitigation

Mongolia

MSME Business Loan Program for GHG Emission Reduction

Documents

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

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.

Contacts

Ms. Tuul Galzagd
Director, Eco Banking Department
XacBank Headquarters Building, Post Branch 20A, P.O. Box 72, Ulaanbaatar, Mongolia
Phone +976 7577 1888
tuul.g@xacbank.mn
Mr. Anand Batsukh
Senior Project Development Officer, Eco Banking Department
XacBank Headquarters Building, Post Branch 20A, P.O. Box 72, Ulaanbaatar, Mongolia
Phone +976 7577 1888
anand.b@xacbank.mn