Xacbank selected as best bank of Mongolia by global finance magazine

Oyundelger 2017-10-19 07:10

Economy

The Global Finance Magazine named the XacBank as the 2017 Best Bank of Mongolia in the monthly magazine’s March edition.

Xacbank selected as best bank of Mongolia by global finance magazine. The Global Finance Magazine, well reputed and acknowledged organization for measuring global banking and finance criterion, named the XacBank as the 2017 Best Bank of Mongolia in the monthly magazine’s March edition.  The selection criteria consist of multiple indicators, such as capital increase, profitability, strategic partnerships, customer service, sound pricing structures and the integration of cutting-edge technology into the product lines. As for this year, the bank expanded the frames of business loan program for greenhouse gas emission reduction by cooperating with international organizations and investors since 2009, increased the funding of renewable energy sectors, created more efficient and long-term loan program in the field, opportunities for businesses in adopting cutting-edge technology to reduce their production cost and increase business efficiency.