Today, February 15, 2024, the ringing of the bell ceremony was organized in the trading hall of the “Mongolian Stock Exchange” JSC and started the primary market trading for additional shares issued by “Ard Credit NBFI” JSC.

Tsogtbayar, J., the interim CEO of the "Mongolian Stock Exchange" JSC; Khash-erdene, T., the Chief Business Development Officer of the "Mongolian Stock Exchange" JSC; Dulguun. B, Head of Securities Department of the Financial Regulatory Commission, Gankhuyag. Ch, Founder of “Ard Financial Group,"  Ganzorig. Ch, Chairman of “Ard Credit NBFI” JSC, Telmen. G, CEO of “Ard Credit NBFI” JSC, and other officials participated in the ceremony.

Tsogtbayar, the interim CEO of "Mongolian Stock Exchange" JSC, opened the ceremony and stated: “Since its establishment in 2011, "Ard Credit NBFI" JSC has made significant contributions to the banking and financial sector of Mongolia through the introduction of numerous innovative projects, products, and services. Despite challenging economic conditions, the company has successfully navigated through them by investing in technology and effectively managing its operations. As a result, "Ard Credit NBFI" JSC has earned its place as one of the top companies in the TOP-20 index and classification 1.

"Ard Credit NBFI" JSC offered 84,000,000 additional shares with a value of 106 MNT each, and primary market trading will be accepted from today until February 21 from 10:00 to 16:00. I congratulate the team of "Ard Credit NBFI" JSC and wish them success in their trading activities."

Dulguun. B., Head of Securities Department, Financial Regulatory Commission:

"The Financial Regulatory Commission is actively carrying out policy and regulatory initiatives in the capital market sector to introduce new products and services, enhance the involvement of issuers, investors, and market participants, and diligently enforce policies and regulations to align the legal framework of the capital market with international standards.

To enhance the domestic capital market, it is crucial to attract the attention of both foreign and professional investors. This can be achieved by ensuring the presence of high-quality products and well-governance companies in the market. In line with this objective, "Ard Credit NBFI," a prominent player in the financial sector, including non-banking financial institutions, is making 30 percent of its total shares available to the public. Through this initiative, they aim to raise a substantial amount of 8.9 billion MNT. I extend my best wishes for your prosperous trading participants in the market.”.

Ganzorig. Ch, Chairman of “Ard Credit NBFI” JSC:

In 2019, while serving as the CEO, our company successfully conducted its initial public offering (IPO) and raised a substantial amount of 5.3 billion MNT from the public. Since then, we have diligently worked towards achieving all the objectives that were outlined during our first IPO. Through effective governance of the joint-stock company, we have managed to significantly increase the market capitalization of the company to 30 billion MNT by 2023. Additionally, we are proud to have a strong shareholder base of 13,700 individuals, total assets worth 71.5 billion MNT, a loan portfolio of 50 billion MNT, and a net profit of 2.7 billion MNT.

We have effectively broadened our business activities by acquiring 5 special licenses from the FRC and 3 from the Central Bank of Mongolia, all while adhering to the oversight of regulatory agencies.

In the past 5 years, we have distributed dividends every year worth more than 5 billion MNT. Today, by issuing additional shares worth 8.9 billion MNT, we will further improve our corporate governance and increase the number and participation of small shareholders. We planned to finance loan activities, especially digital loans, with the money raised from the public. Also, the company's assets can increase with the increase in equity capital. In the future, we will work towards increasing the value of our shareholders. Thank you to our shareholders who have previously invested in our company.

The 7,154th trading session of the Mongolian Stock Exchange commenced with the ringing of the bell by Ganzorig. Ch, Chairman of “Ard Credit NBFI” JSC, and Telmen G, CEO of “Ard Credit NBFI” JSC.

MONGOLIAN STOCK EXCHANGE