XacBank began its operations in 1998 as a microfinance project and obtained a banking license in 2001. It has 480,000 active depositors and 120,000 borrowers who are served through 87 branches, half of them are located in rural areas. It offers retail, microfinance, SME and corporate banking services. XacBank continually develops products and services to best serve its clients. For instance, it has introduced digital and mobile banking solutions and sustainable finance products through its Eco-Banking department, notably products which address air pollution and energy issues in the country. Women represent the majority of XacBank’s clients (64 percent in 2018) and one of the ways the bank demonstrates its commitment to female clients is by offering tailor-made products and discount rates to women entrepreneurs.