OUR HISTORY

Ard Credit is a publicly listed non-bank finance company, licensed by the FRC. It is a flagship of Ard Financial Group - a full-service financial holding company. Ard Credit was set up in April 2011 with the goal of providing access to inclusive financial services to Mongolians by leveraging the potential of innovative technologies.

Ard Credit offers a range of financial products and services to its customers through its proprietary mobile wallet. Ard App features self-enrollment, AI backed credit scoring, a unique loyalty point system based on blockchain technology and a powerful cross-selling platform for e-commerce, insurance, brokerage and payments services.

923500
SATISFIED CLIENTS
1126705
ARD APP DOWNLOADS
137036
LOANS DISBURSED
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ARD CREDIT SINCE 2011

Vision

Ard Credit will lead the market by pioneering innovative financial services in the industry.

MISSION

We will be the driving force of greater financial inclusion, broader financial education and corporate social responsibility in Mongolia.

CORE VALUES

• Satisfied employees
• Customer centered innovative services
• Environmentally sustainable practices
• Socially responsibility
• Superior and consistent level of return on investment

  • 2011

    - Ard Credit was founded by Intergroup International LLC.

  • 2012

    - Obtained a non-banking financial institution license from the Financial Regulatory Commission

  • 2013

    - Ard Financial Group invested into Ard Credit

    - Started operating under new management team with new strategy and brand

  • 2014

    - Obtained license from FRC to conduct “Trust account service”

    - First successful private bond placement

  • 2015

    - Introduced online loan application system

    - Started issuing whole sale loans to rural MFIs

    - “TOP CORPORATE SOCIAL RESPONSIBILITY ENTREPRENEUR OF 2015” award

  • 2016

    - Secured financing from Microfinance Development Fund

    - Increased share capital and became an Asset Management NBFI

  • 2017

    - Became first NBFI in the market to introduce Credit Card service

  • 2018

    - New core banking system implemented

    - Started “Digital Bank” project in partnership with Grapecity and Most Money

    - BoD made a decision to IPO

    - Launched first mobile banking app by NBFI, Ard App

  • 2019

    - Partnership agreement with the Crowd Credit of Japan last February for MNT denominated debt financing equivalent to USD5 million.

    - Launched a successful IPO while exceeding the available amount by 299%

  • 2020

    - G.Telmen has been appointed as the CEO of Ard Credit NBFI JSC.

    - Decided to allocate 50 percent of its 2019 net profits to its shareholders as dividends.

    - Successfully organized the first fully online shareholders meeting.

    - Obtained E-money license from the Bank of Mongolia

    - Took actions to support our clients through the economic hardships caused by the COVID – 19 pandemic.

    - Successfully repaid investment of the Crowd Credit fund of Japan.

    - Successfully introduced EuroGiro international money transfer service in cooperation Mongol Post JSC.

    - Successfully integrated with ACH+ (Automat Clearing House) interbank payment system.

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