17 Dec 2015

XacBank and TFG Welcome a Strategic Investor

Mongolia’s XacBank LLC announces that National Bank of Canada (“NBC”) became its new shareholder. The investment in XacBank was made through the holding company of XacBank - TenGer Financial Group (“TFG” or the “Group”). NBC’s investment in XacBank and TFG is the first investment by a foreign commercial bank in the financial sector of Mongolia.The Bank of Mongolia (Central Bank) ...
04 Apr 2014

Press release: Annual General Meeting of the Shareholders of TenGer Financial Group

Date: 3 April 2013Subject: Annual General Meeting of the Shareholders of TenGer Financial Group The Annual General Meeting (“AGM”) of the Shareholders of TenGer Financial Group was held on 3 April 2014 from 2pm to 5 pm in Suld Hall, 4/F, Best Western Tuushin Hotel, Ulaanbaatar, Mongolia with a quorum of 99.05 percent. The AGM considered the 2013 annual operational ...
01 Apr 2014

Bumrungrad Hospital of Thailand and Ulaanbaatar Songdo have entered into a strategic investment and partnership agreement, TenGer Capital was the sole financial advisor to the selling party.

Bumrungrad Hospital Public Company Limited ("Bumrungrad") of Thailand and Ulaanbaatar Songdo Hospital ("UBSD") of Mongolia have entered into a strategic investment and partnership agreement to better serve the health needs of Mongolia and the region. Bumrungrad is recognized worldwide for developing one of the leading medical destinations for international patients seeking high quality healthcare. Its medical center in Bangkok was ...
24 Oct 2013
XacBank and IFC signed an ISDA master agreement

XacBank and IFC signed an ISDA master agreement

The International Finance Corporation (IFC), a member of the World Bank Group and XacBank signed an ISDA master agreement to enter into cross currency swap transactions.The signing ceremony was held in the presence of Mr. Ganbold Chuluun, Chairman of the Board of Directors of XacBank, Mr. Bold Magvan, Chief Executive Officer of the Tenger Financial Group, Mr. Bat-Ochir Dugersuren, Chief ...
03 Sep 2013

JOB ANNOUNCEMENT FOR CHIEF OPERATING OFFICER

TianRong MicroCredit Company, a subsidiary of TenGer Financial Group LLC, located in Urumqi, Xinjiang Uyghur Autonomous Region in China, is seeking an experienced and motivated Chief Operating Officer. TianRong is a fast growing microfinance institution, owned by Mongolian TenGer Financial Group LLC, International Finance Corporation (IFC), Mongolian company MAK and Chinese partners, started its operations in September 2012. TianRong provides ...
02 Aug 2013

Mongolia Welcomes New Strategic Investor in its Financial Sector

Ulaanbaatar, 2 August 2013 – Mongolia’s TenGer Financial Group (“TFG” or the “Group”) announces that the Ministry of Economic Development approved today its investment agreement signed with ORIX Corporation of Japan, thus endorsing the entry of a new strategic investor in TFG. It is anticipated that the regulatory approval from The Bank of Mongolia (Mongolbank) will follow in due time ...
24 May 2013

ORIX Announces Capital Participation in Major Mongolian Financial Group

Re-post from http://www.orix.co.jp/grp/en/news/2013/130524_ORIXE.html- First Participation in Financial Services Business in Mongolia -TOKYO, Japan - May 23, 2013 - ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, today announced that it has reached basic agreement on capital participation via the purchase of approximately 16% of shares in the major Mongolian financial group TenGer Financial Group (hereinafter, "TFG"). Moving forward, ...
25 Apr 2013

ANNOUNCEMENT: Election and re-election of board directors

Re-election TenGer Financial Group (the “Group”) announces that, due to the expiry of their 2-year terms, Mr. Bold Magvan and Mr. Michael Madden were re-elected on the Board of Directors (the “Board”) of the Group with immediate effect at the Annual General Meeting of the shareholders of the Group held on 25 April 2013. Mr. Bold Magvan is the Chief ...
25 Apr 2013

Annual General Meeting of the Shareholders of TenGer Financial Group

The Annual General Meeting (“AGM”) of the Shareholders of TenGer Financial Group was held on 25 April 2013 in Ulaanbaatar, Mongolia with a quorum of 99.99 percent. The AGM considered the 2012 annual operational and financial results and the 2012 audited consolidated financial statements of TenGer Financial Group and resolved to: Approve the 2012 annual operational and financial results of ...
22 Apr 2013

Announcement: TFG 2012 Annual Report released

TFG 2012 Annual Report released-TenGer Financial Group