Vision XacBank will be the dynamic leader in providing inclusive financial services and innovative products through an extensive network of branches and partners. The Bank will further grow its market share and support the development of competitive Micro, Small and Medium businesses in Mongolia by using the information communications technology together with personalized customer services.
Mission To contribute to sustainable development of Mongolia that can come only from educated and skilled people and competitive and dynamic businesses concerned equally about Planet, People, and Profit. The Bank will provide equitable access to transparent, reliable and responsive banking products and services to the Bank’s clients, including its traditional Micro-entrepreneurs as well as Small and Medium businesses.
A Success Story
FROM A PILOT PROJECT TO A NATIONALLY AND INTERNATIONALLY
RECOGNIZED BANK
Outreach
XacBank Branches 76 soums served 75 branch & units 60% are in rural area
Soums, where XacBank is active
Over 300,000 clients 977 staff
Total Assets
Most reliable bank One of the biggest 4 banks: Khan, Khan Golomt, Golomt TDB, Xac (MNT320bl.) as end of November 2009 Risk Management: Number One! by Audit of Central Bank (2008-11-30) Social Performance Reporting Award 2009 Silver Category by CGAP and Dell Foundation Mongolian National Chamber of Commerce and Industry : “Enterpreneur2009� Indicators
Banking sector
XacBank
Non performing loan
23.7%
3.74%
*Loan concentration
250.3%
40.0%
* - ratio of biggest 20 loans outstanding to equity
Profit
Return on Equity (RoE) ROE, %
Loan Statistics
Borrower Statistics Average loan size 0- 420 USD 0- 1,700 USD 0- 4,200 USD Women Rural area
MNT2,329 mln/USD1,610 35.3% 72.2% 88.6% 52.6% 53.9%
(as of Dec- 09)
Portfolio Quality
Loan Products BUSINESS LOAN
RURAL LOAN
CONSUMPTION LOAN
OTHER LOAN
Start-Up
Herder
Household
Wholesale
Growth
Herder group
Salary
Deposit backed
Development SME
Crop
Overdraft
Apartment pledged
Group loan
Housing Student
Mortgage Leasing
Savings & Current Account
Mobile Phone Banking
Suitable tool to extend outreach in Mongolia More than 1,000,000 mobile phone users Won a grant from CGAP Technology Program
Number of AMAR clients: 25,737 Number of Agents: 2,102 Partnership with Mongol Post
Remittance
Domestic service is well recognized Technology innovation (T-express) International expansion of our service Joined Western Union (2007) & Eurogiro (2006) Eurogiro to Hungary, German, Austria, Korea, Thailand, Philippine.
Franchise service
The purpose of this Service is to assist rural residents in running safe, effective savings and credit cooperatives (SCCs) 75 SCCs 8, 993 Members 4,784 borrowers
Card service VISA & MASTER CARD SERVICE
Card holder
79,750
Strategic investors and partners
Our ratings
Ba3
B+
Camels rating
A-excellent
Best performed bank
Funders & Investors-1
21
Funders & Investors-2
22
Partners-1
23
Partners-2
24