ARD HOLDINGS INTERNATIONAL AND BOGD BANK SIGN A MOU TO COOPERATE AT THE STRATEGIC LEVEL 2021-02-25

Ulaanbaatar, Mongolia, 25 February 2021 - Bogd Bank has announced its IPO plan to offer approximately 20 percent of its total common shares to the public on the Mongolian Stock Exchange in the first half of 2021. Ard Securities, a wholly-owned subsidiary of Ard Financial Group is the main underwriter of the Bank's IPO.   

Bogd Bank has decided to raise capital by issuing new shares, it has submitted the necessary requests to Mongol Bank following the Banking Law. It has also been notifying Mongol Bank of its Pre-IPO capital-raising activities. Ard Financial Group's investment will make Bogd Bank the bank with the largest number of shareholders - 20,000, in Mongolia.

This provides an opportunity for individuals and investors to invest and benefit from new financial sector products emerging in the stock market.

Two rapidly growing fintech companies cooperating in investments in Mongolia is a momentous occasion. Financial institutions cooperating, rather than competing, to create more value and provide reliable and cost-effective services to the people is a sign of progress. Ard Financial Group JSC is providing this information to the public per its duties stated in Article 3.1 of the Securities Issuer Information Transparency Regulation of the Financial Regulatory Commission.  

Bogd Bank is an influential commercial bank that aims to provide products and services with modern technological solutions based on the needs of its customers and offers a wide range of innovative solutions. Since its establishment, it has expanded its operations in a very short period and aims to become a new century bank with its unique appearance in the Mongolian market, modern innovative products and services, and well-known to our customers.

Ard Financial Group 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:

Bogd Bank LLC

HQ address: Bodi tower, Chingeltei district, 1st khoroo, Jigjidjav street 3, Ulaanbaatar 15160, Mongolia
Tel: +976 7577 1199
Email: info@bogdbank.com
Website: bogdbank.com