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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.

71256
SATISFIED CLIENTS
201655
ARD APP DOWNLOADS
20056
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

SHAREHOLDING
STRUCTURE

ARD FINANCIAL GROUP
60%
PUBLIC
25%
GERELTUYA S. 10%
 
BAYARJARGAL V. 5%
 
Shareholders meeting
Board of Directors
Internal Audit Committee
Credit & Risk Management Committee
Government & Compensation Committee
Chief Executive Officer
Credit Department
Marketing Department
Finance Department
Legal Department
  • 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%

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