News & Press releases


    Ard Financial Group (Ard Holdings) is pleased to announce that Mr. Tenuun Gardi joined us in the capacity of the Chief Digital Officer of the Group.


    In February 2017 Ard Financial Group (Ard Holdings, Group) issued MNT2.0 billion commercial bond on the market and was able to place it privately within a month, notwithstanding the difficult operating environment.


    Financial Regulatory Commision of Mongolia approved Ard Financial Group’s investment of MNT1.5 billion in its subsidiary Ard Securities, bringing the Company’s statutory minimum capital to MNT2 billion. This new funding enables Ard Securities to continue on its path to a market leadership position amongst investment banks, advisory companies and securities brokerages.


    Ard Financial Group increases its stake in Mongol Post to over 31 percent and welcomes Hishig Arvin Industrial’s CEO Mr. Bathishig Hishigdorj as a shareholder.


    Ard Financial Group JSC has purchased AltanHoromsog brokerage company registered on the Mongolian Stock Exchange (MSE); one of the first brokerage companies, which is running stable for 25 years since its establishment, and AltanHoromsog is merging with Ard Securities Brokerage Company, 100 percent of its stake owned by Ard Financial Group JSC.

  • Ard Financial Group Divests from TenGer Financial Group/XacBank

    On January 15, 2016 Ard Financial Group (Ard Holdings) Closed Joint Stock Company closed a deal to sell all its remaining shares in the parent company of XacBank, TenGer Financial Group (TFG).

  • “Investor Nation” Closed JSC incorporated

    “Investor Nation” Closed Joint Stock Company (Investor Nation) was founded on the 9th of January, 2016. It became possible after Ganhuyag Ch. Hutagt, CEO of Ard Financial Group, initiated a crowdfunding bid to allow ordinary people to parttake in the privatization of the Printing Factory through Facebook in November of 2015.

  • Ard Financial Group becomes a shareholder of Mongol Post JSC

    On January 8th, 2016 Mongolian Stock Exchange offered 34 percent of Mongol Post JSC total shares for public trading and successfully completed a partial privatization of the company. Ard Financial Group JSC opened a new page in its history by effectively participating in this privatization on its sole behalf and acquiring 17.38 percent of Mongol Post, which celebrates its 95th anniversary this year.

  • Ard Financial Group attracts new investor

    Ard Holdings is pleased to announce that it secured an entry of a new private investor from Switzerland, Mr. Bruno E. Raschle, Founder and Executive Chairman of Adveq.

    Mr. Bruno Raschle, who will serve on the Board of Directors of the Company, brings a wealth of experience in international business, general management and corporate governance. He said: “Ard has the main ingredients to become an internationally recognized financial services company in the near future”.

  • Ard Press Release

    Ard Financial Group or Ard Holdings is pleased to announce a change in its legal status from a limited liability company to a closed joint stock company, successfully implementing a historic decision of its shareholders from December 3rd of 2014.

  • Ard Holdings officially filed a request to acquire 84.6 percent of Jinst Uvs JSC

    Ard Financial Group LLC (Ard Holdings) officially filed a request to acquire 84.6 percent or 45,028 shares of Jinst Uvs JSC, publicly traded under JIV, at the price of MNT 975.28 per share to the Mongolian Stock Exchange

  • Dutch VenturesOne becomes a shareholder in Ard Holdings

    Ard Financial Group (Ard Holdings) is pleased to announce an agreement to acquire 22.3 percent of shares of Ard In-surance from VenturesOne, a pan-Eurasian diversified investment holding company, in a share swap deal. As a result of this transaction Ard Holdings will raise its ownership in Ard Insurance to 55.5 percent and

  • New Director Appointed

    Ard Financial Group (Ard)’s Board of Directors resolved to appoint Ms. Tselmuun Nyamtaishir to the Board of Directors, at the request of Mongolyn Alt Corporation (MAK), a minority shareholder of Ard

  • New Chair Appointed

    The regular Board of Directors meeting of Ard Financial Group (Ard Holdings), held on 15th August 2014, elected Ms. Oyungerel Janchiv as Chairwoman of the Board and Mr. Ganhuyag Chuluun Hutagt as Chief Executive Officer of the Company.

  • Aspire Mining and Noble look to Nuurstei for early coal exploration

    Aspire Mining (ASX:AKM) and Noble Group are starting an initial 20 hole drilling program at the Nuurstei Coal Project in northern Mongolia that will provide near term price catalysts

  • Mongolia-China Business Forum will take place on June 31st

    The Mongolia-China Business Forum will be held at Mongolian National Chamber of Commerce and Industry (MNCCI) on Thursday, July 31st. The Mongolia-China Business Forum will be organized by the Mongolian National Chamber of Commerce and

  • Mongolia’s wind project bags US Treasury award

    A renewable energy project in Mongolia has won a prestigious US Treasury gong. Source: Energy Live News

  • Mongolia Bonds a Buy for ING After Moody’s Cut Spurs Drop

    Mongolia’s dollar bonds dropped the most in a week after Moody’s Investors Service cut the nation’s credit rating, a decline that prompted ING Groep NV to recommend buying the securities

  • KEPCO to build power plant in Mongolia

    KEPCO, Korea’s biggest power supplier, won the exclusive right to build and operate a fossil fuel power plant in Ulaanbaatar, Mongolia, the company said Friday

  • Press Release

    The Board of Directors of the newly founded Ard Holdings LLC is pleased to announce a successful acquisition of Ard Insurance and Ard Credit NBFI from Inter Group by EIT LLC or Equity Investment Trust