"XacBank" JSC, in accordance with Article 36.3, 36.11, and 36.12 of the Law on Banks, Article 49, and Clause 76.1.7 of the Law on Companies, and Clause 1.2.6 of Article 1 and Section 2.6 of Article 2 of the joint order of the Governor of the Bank of Mongolia and the Chairman of the Financial Regulatory Commission dated October 5, 2021 (A-262/262), which approved the procedure for making changes to the bank's share capital and shareholder structure in the form of a joint-stock company, as well as Section 8.26 of Article 8 of XacBank JSC’s regulations, has decided to approve a share buyback program with Resolution No. R-2024-51 of the Board of Directors dated November 7, 2024.

The bank has announced that within three months, it will buy back up to 2,200,000 shares at a price of up to 826 MNT per share, for a total of up to 1,750,000,000 MNT.

Click here for the Resolution of the Board of Directors.

MONGOLIAN STOCK EXCHANGE