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XacBank Eco Banking Department Overview and Mongolia’s Sustainable Finance Environment

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XacBank
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XacBank is a commercial bank founded in 2001 and headquartered in Ulaanbaatar, Mongolia. We provide deposit, loan, digital, card, payments services, trade finance and insurance brokerage across our two major business lines of retail and business banking through our branch and digital network.  In addition to traditional banking products, XacBank operates on the cutting edge of sustainable finance in fulfillment of its triple-bottom line mission of "people, planet, profit".  It is the only financial institution with a department solely dedicated to climate finance, the Eco Banking department.  The presentation provides an overview of the activities of this department and the broader context of Mongolia.