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News & Press releases

  • Mongolian crypto exchange DAX now available for customers in 200+ countries

    Mongolia’s Digital Assets Exchange (DAX.mn) goes international with its newest update as it opens itself to customers from other countries. In its newest version, DAX has added more trading options: Classic and Pro Trading.

  • Leading banking, finance and technology companies have announced that they are taking their strategic partnership to the next level

    Ard Financial Group JSC, GrapeCity Mongol LLC, and MOST Fintech signed a strategic partnership agreement in 2017. Today they confirmed this partnership and announced the start of the next stage of cooperation.

  • ArdCoin (ARDX) is now available on UniSwap

    Mongolia’s first and only blockchain-based loyalty reward program ArdCoin is turning a new page in its history as it lists on Uniswap, the world’s largest decentralized exchange. ARDX is now tradable with ETH and USDT on UniSwap. The exchange operates 100 percent on smart contracts with no intermediaries. ArdCoin currently boasts over 1 million holders through its native exchange DAX.mn and financial super app Ard App.

  • STUDENT RURAL OUTREACH – A PROGRAM TO SUPPORT FINANCIAL LITERACY IN LOCAL COMMUNITIES

    As part of Ard’s Student Rural Outreach program, participants will work at local communities between June 8 to July 7, 2021. With this paid internship opportunity, students will be completing tasks and conducting events to increase financial education awareness and financial literacy in their local communities and present and introduce Ard’s products and services.

  • BAYARMAGNAI ERDENEBAT HAS BEEN APPOINTED AS CHIEF TECHNOLOGY OFFICER OF ARD FINANCIAL GROUP

    The Corporate Secretariat of Ard Financial Group (Ard Holdings or Group) is pleased to announce that Mr. Bayarmagnai Erdenebat has been appointed as Chief Technology Officer (CTO) of Ard Holdings. Bayarmagnai will be responsible for implementing the digital technology strategy of Ard Holdings.

  • Ard Financial Group joins the Women’s World Banking Global Network

    Ard Financial Group became an official member of the Women’s World Banking Global Network. As part of this partnership, Ard will work as one of the primary sponsors of the Global Network’s “Making Finance Work for Women,” financial education for women event.

  • Mongolia’s First Cryptocurrency, ArdCoin – Now Listed on Bittrex Global!

    ArdCoin, Mongolia’s first and currently the only cryptocurrency, is being listed on Bittrex Global, a world-class crypto-exchange., Founded in the USA, its international exchange services operations are based in Liechtenstein. Out of the 4,200 cryptocurrency projects listed on CoinMarketCap, ArdCoin has already penetrated the top 500.

  • Ard Financial Group adds the Mongolian Securities Exchange to its portfolio

    Ard Financial Group JSC and its subsidiary Ard X LLC (DAX) have invested in and started a strategic partnership with the Mongolian Securities Exchange. This partnership opens the door for the development of the stock market and non-bank financial sector in Mongolia.

  • Ard to invest in Bogd Bank

    Whilst Bogd Bank had announced its plan for an IPO and is employing Ard Securities Brokerage, a wholly-owned subsidiary of Ard Financial Group, as its underwriter. Today Ard Holdings International is signing a strategic investment contract with Bogd Bank.

  • NOTICE TO SHAREHOLDERS 

    Ard Financial Group JSC has decided to convene its annual shareholders’ meeting using electronic means to prevent potential risks of the novel coronavirus (COVID-19) pandemic. The meeting will be hosted on live.ard.mn.

  • STRONGER TOGETHER PROJECT TO HELP MONGOLIANS STRANDED ABROAD

    Ard Financial Group is launching its Stronger Together project to provide financial and emotional support to citizens who were stranded abroad due to the Covid 19 pandemic.

  • BOARD OF DIRECTORS OF ARD HOLDINGS INTERNATIONAL

    Ard Holdings International LLC held its board meeting on March 5.

  • ARD SECURITIES BROKERAGE ISSUES AND FINANCES A CLOSED BOND FOR GATSUURT COMPANY

    Gatsuurt, Mongolia’s leading agricultural food producer, has successfully issued and financed a five-year closed bond worth MNT40 billion. Ard Securities worked as the bond’s underwriter. The company intends to expand its operations with capital raised from this bond. Furthermore, Ard Financial Group JSC and Gatsuurt LLC have started a strategic cooperation. The cooperation started with Gatsuurt LLC covering all their employees with Ard Life LLC’s private pension accounts.

  • ARD HOLDINGS INTERNATIONAL AND BOGD BANK SIGN A MOU TO COOPERATE AT THE STRATEGIC LEVEL

    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.

  • Winner of the first Apprentice Mongolia Show has been appointed as CEO of Ard Holdings International LLC

    The Corporate Secretariat of Ard Financial Group (Ard) is pleased to announce that Mr. Barhas Tsolmon has been appointed as the CEO of Ard Holdings International LLC and Executive Vice President for Sales and Marketing of Ard Financial Group. He will oversee Ard’s mission to Build the Investor Nation and report directly to the CEO of Ard.

  • SHAREHOLDERS OF ARD HOLDINGS TO BE REWARDED WITH ARDCOINS

    Ard Financial Group JSC (MSE:AARD) resolved to distribute 28.6 million ArdCoins (ARDX) to its shareholders on a pro rata basis. This decision was based on the current state of the economy, global pandemic, technology trends, digital transformation and the Mongolian government’s policy towards it, and, last but not least, of course, our shareholders’ wish. Shareholders who hold the stock on the date of the 2020 Annual General Assembly will be eligible for an allocation of ARDX1.0 per share.

  • ARD CREDIT JSC DECLARES A DIVIDEND 

    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.

  • ARD INSURANCE JSC DECLARES A DIVIDEND

    At a meeting held on 10 Feb, 2021, the Board of Directors of Ard Insurance JSC (MSE: AIC) resolved to approve the distribution of MNT 1.0 billion or 48.15 percent of the net profit of the year 2020 as a dividend to its shareholders. A payment of MNT 40 per share will be allocated via Central Securities Depository accounts by June 30, 2021.

  • BOGD BANK SIGNS AN UNDERWRITING AGREEMENT WITH ARD SECURITIES

    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.

  • The Crypto Nation Fund closed with 110 percent return

    The annual Investor Nation Forum was held in 2017 under the name Crypto Nation. At the initiative of the forum participants, Ard Financial Group established Crypto Nation LLC (CNF) which provides investment and management of cryptocurrencies and included a total of 158 investors in preferred shares.

  • STEPPE GOLD ANNOUNCES A PLAN TO LIST ON THE MONGOLIAN STOCK EXCHANGE

    Steppe Gold Ltd. (TSX: STGO) (“Steppe Gold” or the “Company”) is extremely pleased to announce its plans for a secondary listing of its common shares on the Mongolian Stock Exchange (“MSE”).

  • ARD CREDIT JSC INTEGRATES WITH AUTOMATED CLEARING HOUSE (ACH +) BANK PAYMENT AND SETTLEMENT SYSTEM

    Ard Credit Joint Stock Company (MSE: ADB) has been continuously investing in its payment system. We received our digital currency license for our digital currency, Ard Cash in May of this year, and on December 11, we have successfully integrated with Automated Clearing House (ACH +), Central Bank of Mongolia’s low-value interbank transaction system, which will make it easier for our customers to make interbank transactions.

  • Mongolia’s first closed-end mutual fund launches in primary market

    The National Privatization Fund, Mongolia’s first closed-end mutual fund, rang the Mongolian Stock Exchange’s opening bell on October 5th. The fund ticker is “MSE: ХОС”. New Fund Offering subscription dates are October 5th to October 16th and the fund subscription is nearly sold out at this time.

  • BANK OF MONGOLIA GRANTS DIGITAL CURRENCY LICENSE TO ARD CREDIT

    Ulaanbaatar, May 20, 2020 – ArdCredit (MSE:ADB) received its digital currency license from the Bank of Mongolia in accordance with the Law on Central Bank and the Law on the National Payment System of Mongolia, giving birth to ArdCash.

  • ARDCOIN LISTING ОN BITMONEX

    Today, on 01 May 2020, we are pleased to announce our second Mongolian crypto exchange listing on BitMonEx. With this move, we are inching closer to reach the Global markets and to establish our presence on well-respected crypto platforms, such as the industry leader Bittrex.

  • ARD SECURITIES LLC IS GRANTED A SPECIAL LICENSE TO CONDUCT FOREIGN EXCHANGE TRADING

    We are glad to inform you that Ard Securities, a subsidiary of Ard Financial Group JSC, has obtained its license from the Financial Regulatory Commission to broker and sell securities on a foreign exchange by Resolution 62 on February 12, 2020.

  • AMARBAYASGALAN ENHSAIHAN HAS BEEN APPOINTED AS CHIEF INVESTMENT OFFICER OF ARD FINANCIAL GROUP

    The Corporate Secretariat of Ard Financial Group (Ard Holdings or Group) is pleased to announce that Mr. Amarbayasgalan Enhsaihan has been appointed as Chief Investment Officer (CIO of Ard Holdings. Amarbayasgalan will be responsible for implementing the investment strategy of Ard

  • ARD FINANCIAL GROUP’S 4 AFFILIATES INCLUDED IN MONGOLIA’S TOP-20 INDEX FOR 2020

    Ard Holdings is pleased to inform our shareholders that all 4 of our MSE listed companies were included in the TOP-20 index per MSE management’s decision dated January 13, 2020, based on the performance of the stocks in 2019

  • ARDCOIN LISTED ON THREE OF THE MOST REPUTABLE CRYPTO CURRENCY PLATFORMS

    We are pleased to announce that ArdCoin has commenced its presence on the three of the most renowned international cryptocurrency platforms – CoinMarketCap, LiveCoinWatch and Blockfolio. With this news we can proudly reveal that our ArdCoin can now be found and tracked at the world’s most-trusted cryptocurrency data authorities

  • CHANGES IN THE STRUCTURE OF ARD FINANCIAL GROUP BOARD OF DIRECTORS

    Ard Financial Group (“AFG”) publicly announced the shareholders’ proxy voting on the appointment of the Board of Directors (“BoD”) of the company. It was resolved the voting to be conducted from the 2nd of September to the 11th of October, 2019, and the ballots were received at the headquarters of Ard Financial Group.

  • Ulaanbaatar Chamber of Commerce elects Ch.Ganhuyag as new president

    It’s been five years since the Ulaanbaatar Chamber of Commerce (UBCC) was established in 2015 under the collective initiative of businesses operating in the capital. UBCC serves to support the city development, protect the rights and interests of entrepreneurs, advocate the involvement of business representatives in policymaking processes, and deliver their proposals to legislators.

  • ARDCOIN COMMENCES TRADING ОN STEX

    In early September 2019, we announced ArdCoin’s very first international crypto exchange listing (BTCEXA.com). And today, on 18 September, 2019, we are pleased to announce our second international crypto exchang

  • ARDCOIN HAS STARTED TRADING ON BTCEXA

    We are happy to announce that on the 30th of August 2019, ArdCoin started trading on the BTCEXA, a crypto exchange platform based in Australia. Hence, we have successfully reached one of the steps of our key milestones, achieving our goals to list ArdCoin on international cryptocurrency market in 2019.

  • ARDCOIN LISTED ON BTCEXA

    We are excited to announce that ArdCoin was listed on BTCEXA, a crypto exchange platform regulated in Australia. This listing will be ArdCoin’s first international exchange listing paving it’s way for international outreach.

  • ARD FINANCIAL GROUP BECOMES A PUBLICLY TRADED COMPANY ON THE MONGOLIAN STOCK EXCHANGE

    On the 8th of May 2019, The Financial Regulatory Committee of Mongolia approved the reverse takeover of Jinst Uvs (Investor Nation), a publicly listed company (MSE:JIV) by Ard Financial Group. Since then, the company name was changed, shareholders’ stocks converted and the stock ticker was changed to MSE: AARD

  • ARD FINANCIAL GROUP BECOMES A PUBLIC JOINT STOCK COMPANY

    Ard Financial Group (Ard Holdings), a full-service diversified financial services holding company, announced its intent to merge with Jinst Uvs (MSE:JIV), a public joint-stock company listed on the Mongolian Stock Exchange in April 2018. The Financial Regulatory Committee of Mongolia reviewed and approved this application for RTO on May 8, 2019, enabling Ard Holdings’ shares to be traded at the Mongolian Stock Exchange.

  • THE FIRST TRANCHE OF THE FUNDING FROM CROWD CREDIT HAS ARRIVED

    As announced earlier Ard Credit entered into a partnership agreement with the Crowd Credit of Japan last February for MNT denominated debt financing equivalent to USD5 million.

  • ARD CREDIT’S IPO (MSE: ADB) IS 3 TIMES OVERSUBSCRIBED

    Ard Credit’s IPO (MSE: ADB) is 3 times oversubscribed. Ard Credit NBFI’s IPO subscription took place between 18th of February and 1st of March. Ard Credit offered 25 percent of its capital or 70,000,000 shares to strategic investors and the public.

  • АRD CREDIT NBFI RAISES $5M FROM JAPANESE MARKET

    Ard Credit has signed a financing partnership agreement with Japanese company Crowd Credit that will raise MNT equal to USD 5M. Ard Credit will use these funds for debt capital to fund small loans through their artificial intelligence based Ard App and plans to expand its operations nationwide.

  • NEW VERSION OF ARD APP LAUNCHED

    The new version of Ard Credit’s Ard App, which includes e-commerce on top of financial products and services, was introduced to the public during the 3rd Annual Investor Nation Forum 2019.

  • ZOLBOO BATBILEG HAS BEEN APPOINTED AS THE CHIEF FINANCIAL OFFICER OF ARD FINANCIAL GROUP

    The Corporate Secretariat of Ard Financial Group is pleased to announce that Mr. Zolboo Batbileg was appointed as the Chief Financial Officer (CFO) of Ard Financial Group.

  • ARD HOLDINGS INVESTS IN MONGOLIA’S LEADING DIGITAL EXCHANGE PLATFORM.

    Ard Financial Group (Ard Holdings) took an open and proactive position towards blockchain technology as part of its overarching goal of digital transformation and disruption of the traditional banking industry.

  • SOFTWARE DEVELOPMENT AND IMPLEMENTATION / SERVICE AND MAINTENANCE AGREEMENT

    The Mongolian non-banking financial institutions(NBFIs) are collectively inviting prospective entities

  • ARD HOLDINGS BOARD OF DIRECTORS STRUCTURE CHANGED

    Ulaanbaatar, 7th of June in 2018: Annual shareholders’ meeting of Ard Financial Group and Jinst Uvs JSC (Investor Nation) was held on 28th, April at Tuushin Premier hotel and was successfully organized under the motto “Let’s make historic decision together” with participation of over 600 shareholders.

  • ARD CREDIT HAS INTRODUCED POLARIS, THE CORE BANKING SYSTEM

    Ard Credit NBFI (Ard Credit) has finished introducing GrapeCity Mongolia LLC’s Polaris – a core banking system.

  • CRYPTONATION FUND SET UP

    Ard Financial Group (Ard Holdings) hosted its second large scale event of the year – CryptoNation Inaugural Forum (CNIF or Forum) – with over 1,200 people in attendance on December 1-2, 2017 in Ulaanbaatar to encourage a dialogue between public and private sector participants,

  • INVESTOR NATION SHARES UP 15 PERCENT ON TRADING DAY

    Investor Nation joint stock company (IN or the Company) merged with Jinst Uvs, MSE quoted vehicle, and began trading its shares on the Mongolian Stock Exchange on December 15, 2017.

  • INVESTOR NATION BECOMES A PUBLIC JOINT STOCK COMPANY

    Investor Nation is pleased to announce that our application for a reverse takeover of Jinst Uvs has been granted an approval by the Financial Regulatory Commission of Mongolia on 24th of November, 2017. This move paves the way for the eventual listing of Ard Financial Group on the Mongolian Stock Exchange.

  • For immediate release: INVESTOR NATION SHARES UP 15 PERCENT ON TRADING DAY

    Investor Nation joint stock company (IN or the Company) merged with Jinst Uvs, MSE quoted vehicle, and began trading its shares on the Mongolian Stock Exchange on December 15, 2017.

  • For immediate release: CRYPTONATION FUND SET UP

    Ard Financial Group (Ard Holdings) hosted its second large scale event of the year – CryptoNation Inaugural Forum (CNIF or Forum) – with over 1,200 people in

  • ARD FINANCIAL GROUP APPOINTS A CDO

    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.

  • ARD FINANCIAL GROUP PLACES MNT2.0 BILLION BOND

    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.

  • ARD SECURITIES INCREASES ITS CAPITAL TO MNT2.0 BILLION.

    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 INCREASES ITS STAKE IN MONGOL POST

    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 PURCHASED AND ACQUIRED ALTANHOROMSOG BROKERAGE COMPANY

    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

  • PRIVACY POLICY OF ARD APP