The CFI.co Judging Panel has named XacBank as winner of the 2014 award for Best Corporate Governance, Mongolia.
The judges commented that, ‘this winner had the foresight to plan for good governance from an early stage in the life of the business. XacBank started out with a small project 16 years ago, has grown magnificently and now boasts assets of $1 billion. The XacBank motto is ‘People, Planet, Profit’ and this organisation is moving forward with confidence and a desire to always do the right thing. We wish XacBank well and congratulate management on this well-deserved accolade.
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