Ulaanbaatar, Mongolia - February 13, 2021 - The Board of Directors of Ard Credit NBFI JSC (MSE:ADB) has decided to allocate MNT1 billion or 49.79 percent of the company’s net profit in 2020 as dividends to its shareholders.
Shareholders who hold the stock on April 9, 2021 will be eligible for MNT3.57 dividend payment per share. The company will allocate the dividends to shareholders via Central Securities Depository accounts by June 30, 2021.
Last year was a challenging year for everyone, with the global pandemic, lockdowns, and the resulting uncertainty, fear, economic downturn and political unrest. Despite these difficult circumstances, Ard Credit has been able to continue its operations, overcome adversity, and turn challenges into opportunities. By continuously innovating, managing risks, and investing in technology we have been able to lead the market, as well as protect and increase our shareholders’ equity.
With the aim to bring access to finances to many, we expanded our operations and introduced our flagship online loan product “Fast Cash” in rural areas. We also received our license from the Bank of Mongolia to provide payment services via digital currency and successfully integrated with АСН+ (Automatic Clearing House), a bank payment system, allowing us to provide a full suite of financial services through Ard App. We piloted an international money transfer service EuroGiro in cooperation with Mongol Post JSC, giving Mongolians abroad access to our services.
In 2021, we will expand and build on the strong foundation we have laid. We will also play a key role in Ard Holdings’ initiative to invest in commercial banks.
We would like to thank all our shareholders and wish them good health and prosperity in the Lunar New Year!
Ard Credit is a part of Ard Financial Group. Ard is a diversified financial services holding company with the overarching goal of increasing its shareholders’ equity through investing in and developing leading financial services and technology companies. Our investment portfolio consists of companies such as Ard Insurance, Ard Credit, Ard Securities, Ard Life, Ard Assets, Ard Management, Ard Bit, TenGer Systems, MEC Partners (ardshop.mn), Mongol Post, Ard Holdings International, Ard Leasing and Ard Realty. Ard App, Ard Fintech, ArdCoin, Ard Cash and CryptoNation are proprietary digital products based on artificial intelligence and blockchain technology.
Companies in Ard Financial Group’s portfolio that are also listed on the MSE:
- MSE: AARD (03260) Ard Financial Group (formerly Jinst Uvs/Investor Nation)
- MSE: AIC (05480) Ard Insurance
- MSE: ADB (05509) Ard Credit
- MSE: MNP (05412) Mongol Post
- MSE: XOC (4001) National Privatization Fund
For more details, contact:
HQ address: Ard Holdings, Prime Minister Amar street, Suhbaatar district, 8th horoo, Ulaanbaatar, Mongolia. w3w: powerful.gains.animates
Central Tower branch address: Suhbaatar square-2, Suhbaatar district, 8th horoo, Ulaanbaatar, Mongolia. w3w: animate.softest.screeches
Phone: +(976) 7700 3322