“Ard Credit NBFI” JSC, a newly listed company 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 September 30, 2019:

• Business Loan – MNT 2.7 billion

• Consumer Loan  – MNT 612.5 million

• Express Loan – MNT 980.0 million

• Credit Card – 367.5 million   

• Ard application expenses – 49.0 million

• Securities collateralized loan - 122.5 million   

For the full report, please click here.

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