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  Credit line for XacBank supports Mongolian small and medium enterprises 

In December 2013, OeEB signed a long-term credit line of USD 15 million for the Mongolian XacBank. The aim of the credit line is to support local micro-, small- and medium-sized enterprises (MSMEs).

The Mongolian private sector consists almost exclusively of MSMEs. However, their business activities and development are hampered by insufficient financing possibilities.


OeEB’s credit line facilitates MSMEs’ access to finance, which enables them to make necessary investments. This strengthens the Mongolian economy and contributes to creating and securing jobs.



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Oesterreichische Entwicklungsbank AG

Tel. +43 1 533 12 00-0

Fax +43 1 533 12 00-5252

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