Original disclosure @ EBRD website
Updated in EWS Nov 20, 2022
Disclosed by Bank Aug 31, 2022
Can you contribute information about this project?
Contact the EWS Team
Under this project, EBRD provides a loan to XacBank LLC together with GCF under the GCF - Green Economy Financing Facility (GEFF) (US$ 18.75 million to be provided by the EBRD and up to US$ 6.25 million by GCF)
XacBank is the fifth largest commercial bank in Mongolia with total assets of US$ 1.1 billion, loan portfolio of US$ 657 million, and equity of US$ 138 million as of 2Q 2022. The bank is currently rated "B3" by Moody's and "B" by Fitch, both with a stable outlook. XacBank has a universal focus and a nationwide presence in the country through 78 branches.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||XAC BANK LLC||Client||Finance|
COMPANY CONTACT INFORMATION
Mr Erdenebayar Ganzorigerdenebayar.firstname.lastname@example.org+(976) 7577-1888 (+826)+(976-11) 328701https://www.xacbank.mn/enInternational Commercial Center /ICC/
Jamiyan Gun Street-9
Post Office No.20A, P.O.Box-72
ACCESS TO INFORMATION
You can request information by emailing: email@example.com or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: firstname.lastname@example.org or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html