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XacBank
XacBank (Mongolian: ХасБанк) is one of Mongolia’s largest systemic banks serving individual consumers, small and medium-sized enterprises (SMEs) and corporate customers by providing full range of banking, insurance and other value add financial products and services. The Bank provides financial services through an extensive national branch network of 93 retail and 2 business service branches along with digital channels including ATMs, Internet and Mobile banking. Our dedicated team of 1,700 employees are serving 700,000 customers all over Mongolia. ==Background== XAC (Golden Fund for Development) LLC began in 1998 as part of the “MicroStart Mongolia” project under UNDP, shortly afterwards transformed into Mongolia’s first NBFI (non-bank financial institution) by uniting the micro-financial service activities of six national NGOs (non-government organizations). XacBank was formed on October 1, 2001 by merging the two largest NBFIs, (X.A.C. (Golden Fund for Development) LLC and Goviin Ekhlel (Gobi Initiative) LLC), in Mongolia.〔(【引用サイトリンク】url=http://www.mixmarket.org/mfi/xacbank )〕
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