Xac Bank

North Macedonia
Gostivar, Gostivar, North Macedonia
+97611318185 ★

Company profile

Xac Bank company profile

Xac Bank is the fourth largest bank in Mongolia with a loan portfolio of 395M USD, serving 298,000 borrowers and savers clients and deriving a yearly ROE of 22%. Xac Bank has demonstrated its ability to adapt to a fast growing and fast changing economic environment in Mongolia, on the back of a booming mining industry, and has re-focused its operations away from microfinance to SME, consumer lending and mortgages. In order to manage the associated risk, the bank has heavily invested in systems and human capabilities in order to serve the increasing need of underserved SMEs and urban as..... For more information, log in to dureach.com to view the full company profile.

Business identity

Contact email
[email protected]
Phone number
+97611318185
Operating status
Active
Company type
For Profit
Employee range
01001-05000 employees
Revenue range
$1K+
Founded
1998-01-01

Headquarters

Headquarters
Gostivar, Gostivar, North Macedonia
Postal code
14200
Country code
MK
Continent
Europe

Capital profile

Funding and company signals

Funding rounds
6
Last funding
Debt Financing / $10M / 2025-01-29
Investors
7
Lead investors
5
Founders
1
Articles
4

Founders and investors

Founders

Tsevegjav Gumenjav

Lead investors

Asian Development BankEuropean Bank for Reconstruction and DevelopmentFinnfundFMOInternational Finance Corporation

Investors

Asian Development BankEuropean Bank for Reconstruction and DevelopmentFinnfundFMOInternational Finance Corporation

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Shipment data

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