On July 24, 2025, the Financial Regulatory Commission granted permission to reorganize the company by merging Tenger Financial Group (TFG) LLC, the parent company of XacBank, with XacBank.

As a result, TFG shareholders will become direct shareholders of XacBank JSC, and the change in share ownership will be fully implemented upon registration and confirmation with the “Central Securities Depository”.

XacBank is the first systemic bank to officially meet the 20% requirement for one shareholder under the Banking Law.

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