“Ard Credit NBFI” JSC, that successfully raised MNT 5.2 billion from public in 2019, has presented its spending report on the proceeds from IPO.  The Company has spent the proceeds in the following activities as of March 31, 2020:

• Business Loan – MNT 2.8 billion

• Consumer Loan  – MNT 612.5 million

• Express Loan – MNT 980.0 million

• Credit Card – MNT 367.5 million   

• Fast Cash Service granted through Ard Application - MNT 49.0 million 

• Securities collateralized loan - 122.5 million   

For the full report, please click here.

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