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News

NOVEMBER 07, TRADING REPORT

2024-11-07 15:18:05

Total trade: MNT 21,208,289,093 (USD 6,221,355.28)      

"ERDENET INVEST" INVESTMENT FUND SHAREHOLDER MEETING HELD

2024-11-06 15:58:11

The shareholder meeting for the "Erdenet Invest" Investment Fund was held on October 25, 2024, at 10:00 AM, in a hybrid format (both in-person and online). The meeting took place at the Erdenet Factory Cultural and Art Complex (Mine Worker Cultural Palace) in Bayan-Undur District, Orkhon Province.

News

“INVESCORE NBFI” JSC PRESENTED ITS OPERATIONAL AND FINANCIAL REPORT FOR THE FIRST HALF OF 2023

2023-08-14 18:04:34

S. Tulga, Chief Financial Officer of "Invescore NBFI" JSC, which is registered in the first category of "Mongolian Stock Exchange" JSC, presented the operational and financial report for the first half of 2023 on August 14.

  • In the first half of 2023, the total loan portfolio reached 353 billion MNT, an increase of 40% from the first half of 2022.

  • The amount of interest income increased by 41% from the same period of the previous year and reached 58 billion MNT, and the net profit was 17.6 billion MNT during the reporting period.

  • By the size of the consolidated loan portfolio, the market share of the NBFI sector increased by 1.5 percentage points to 11.6%.

  • Dividends of 38 MNT per share or a total of 2.9 billion MNT were distributed to shareholders.

Highlights of the first half of 2023:

  • A total of five branches were expanded and organized as business centers to increase productivity and efficiency.
  • 20 billion ₮ was collected from the public within the "Invescore Bond 2.0" open bond program framework.
  • A long-term loan agreement of USD 10.0 million was signed with the Asian Development Bank.
  • We are developing the Invescore application, a comprehensive digital channel that will deliver products and services directly to customers.
  • For no-advance, no-fee purchases, “The Pocket Zero Expo” has been successfully organized for the third year.
  • An international external organization has audited ISO 9001 for quality management, ISO 27001 for information security, and PCI DSS standards for electronic payments.

Please click here for a detailed report.

Please click here for watch the live stream.

 

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