XacBank
AI-Sourced
MSE: XACPublic CompanyFinancial ServicesOverview
- Legal Name
- XacBank
- Company Type
- Public Company
- Listing
- MSE: XAC
- Industry
- Financial Services
- Founded
- 2001
- Market Cap
- MNT 1.2T
- CEO
- TSEVEGJAV Gumenjav
- Parent Group
- TenGer Financial Group LLC
- Website
- xacbank.mn
- Coverage
- AI-Sourced
About the Company
XacBank JSC was established in 2001 following the merger of Mongolia's two largest non-bank financial institutions, X.A.C. LLC and Goviin Ekhlel LLC, and became the country's first non-bank financial institution to obtain a commercial banking license. Today, XacBank is one of Mongolia's systemically important commercial banks, providing a comprehensive range of retail, corporate, SME, trade finance, treasury, digital banking, and sustainable finance services. The Bank is recognized for its leadership in corporate governance, financial inclusion, and green banking initiatives.
Financial Performance
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 406B | 622B | 847B |
| Net Income | 85.9B | 125B | 173B |
All figures in MNT. K = thousand, M = million, B = billion, T = trillion.Source: MSE
Ownership & Structure
Part of
Shareholders
MAK Invest SG Pte Ltd19.37%
International Finance Corporation16.63%
ORIX Corporation16.28%
European Bank for Reconstruction and Development12.5%
National Bank of Canada10.18%
Ronoc Partners Kft9.83%
Mongolia Financial Services Pte Ltd6.42%
Subsidiaries & Projects
1Executive Team
TG
CEO
TSEVEGJAV Gumenjav
Chief Executive Officer
G
Gumenjav.Tsevegjav
XacBank, Chief Executive Officer