XacBank JSC (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.
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Accreditation timeline
Accreditation term 1
17 Feb 2017 - 16 Feb 2022
Accreditation date
14 Oct 2016
AMA execution date
14 Dec 2016
AMA effectiveness
17 Feb 2017
Term end date
16 Feb 2022
Accreditation term 2
06 Sep 2023 - 05 Sep 2028
Re-accreditation date
19 Oct 2022
AMA execution date
15 Jun 2023
AMA effectiveness
06 Sep 2023
Term end date
05 Sep 2028
Entity details
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
FP153
Mitigation
Mongolia
Mongolia Green Finance Corporation
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
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
Ulaanbaatar: Live Better, Breathe Easier
09 Apr 2019 / A GCF project is helping Ulaanbaatar city shift to a low-emission, climate-resilient development path.
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.
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