---
id: 1220
title: "XacBank, Our Corporate Governance Winner in Mongolia, 2014"
award_year: 2014
published: 2014-05-22 09:54:24
published_gmt: 2014-05-22 09:54:24
author: "CFI.co Editorial"
url: "https://cfi.co/awards/asia-pacific/2014/xacbank-our-corporate-governance-winner-in-mongolia-2014/"
categories: ["Asia Pacific", "Banking", "Best Practice", "Corporate Governance"]
content_class: award_rationale
independence_status: independent_editorial
sponsor_disclosure: none
editorial_lens: constructive_positive_lens
historical_status: current_at_publication
correction_status: none
archive_policy: no_delete
provenance_layer: github_versioned
wayback_status: archived
wayback_first_snapshot: 20150807005802
wayback_snapshot_url: "http://web.archive.org/web/20150807005802/http://cfi.co/awards/asia-pacific/2014/xacbank-our-corporate-governance-winner-in-mongolia-2014/"
license: CFI-OAAL-1.0
content_sha256: b673c85603f4ef6fd5aea1469d56fc0a542075be0650be84d2122bc1279be450
canonical: 1220-xacbank-our-corporate-governance-winner-in-mongolia-2014.json
---

# XacBank, Our Corporate Governance Winner in Mongolia, 2014

> Verbatim archived copy. Canonical machine record: `1220-xacbank-our-corporate-governance-winner-in-mongolia-2014.json`.

<p style="text-align: justify;"><img class="aligncenter size-full wp-image-1222" src="https://cfi.co/awards/wp-content/uploads/2014/05/xb.jpg" alt="xb" width="400" height="119" /></p>
<p style="text-align: justify;"><strong>The CFI.co Judging Panel has named XacBank as winner of the 2014 award for Best Corporate Governance, Mongolia. </strong></p>
<p style="text-align: justify;">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.</p>