18 Oct 2012
Hana Financial Group and TenGer Financial Group Sign Memorandum of Mutual Understanding Concerning Strategic Partnership

Hana Financial Group and TenGer Financial Group Sign Memorandum of Mutual Understanding Concerning Strategic Partnership

Ulaanbaatar, 9th October, 2012 – Hana Financial Group (“Hana”) and TenGer Financial Group (“TenGer”) have today signed a memorandum of mutual understanding (“MOU”) on their strategic partnership. The strategic partnership signifies the beginning of a long-term collaboration between Hana and TenGer, and the MOU outlines the framework for their mutually beneficial co-development of businesses in Mongolia and Korea, respectively.  Mr. Jung-Tai ...
10 Sep 2012
Urumqi TianRong Micro Finance Company Opens Today in Urumqi

Urumqi TianRong Micro Finance Company Opens Today in Urumqi

First Sino-Mongolia Micro Finance Institution launched during the 2nd EuroAsia Conference September 3, 2012, Xinjiang – Urumqi Tianrong Microfinance Company hosted its grand opening ceremony in Urumqi today. The company is a joint venture of 5 investors: Tenger Financial Group (TFG) and MAK from Mongolia, Xinjiang Longhaida and Shanghai Junhe from China, and IFC, the member of the World Bank ...
23 Jul 2012

Executive Leadership Programme Plans Mongolia’s First Impact Investment Fund

HONG KONG & ULAANBAATAR – JULY 23 2012 – The Global Institute For Tomorrow (GIFT) will be conducting its 28th Global Young Leaders Programme (YLP) in partnership with two leading financial institutions in Mongolia.  Thirty senior executives from companies such as Orix, NEC, DuPont, Bosch, DBS Bank, and BASF will travel to Ulaanbaatar to work alongside management from TenGer Financial ...
06 Jun 2012

Welcome Message By Chairman Ganbold at the 2011 AGM Held on 24 May 2012, House 30, Ulaanbaatar, Mongolia

  Dear Shareholders,  A year has passed since our last AGM and it is time again to meet and gather for this important annual event. It is my privilege and honor to welcome you all to the joint Annual General Meeting of the Shareholders of TenGer Financial Group (“TFG” or the “Group”) and XacBank (the “Bank”) for 2011.      In addition ...
02 Feb 2012

Change in the Composition of the Board of Directors

Tenger Financial Group announces that Mr. Arno de Vette resigned as a non-executive director of the Boards of Directors of Tenger Financial Group (the “Group”) and XacBank (the “Bank”), a wholly-owned subsidiary of the Group, with effect from 1 February 2012. Mr. Arno de Vette served on the Boards of Directors of the Group and the Bank since January 2011 as ...
01 Dec 2011

TenGer has Increased Its Share Capital by MNT 24.9 Billion

November 29, 2011. Ulaanbaatar, Mongolia. TenGer Financial Group LLC (TenGer), the holding company of XacBank, is pleased to announce that TenGer has successfully increased its share capital by MNT 24.9 billion. MNT 21.8 billion of TenGer’s share capital increase will be used to increase the capital of XacBank and MNT 3.1 billion will be used to increase the capital of ...
06 Sep 2011
Tenger Financial Group Shows Its Plan to Invest Into Xinjiang Through the Event at the First China Euro-Asia Expo

Tenger Financial Group Shows Its Plan to Invest Into Xinjiang Through the Event at the First China Euro-Asia Expo

Photograph: Hu Ren Ba, Reporter of People's Daily In the afternoon of Sep.2, 2011, during the First China Euro-Asia EXPO, TenGer Financial Group from Mongolia held the signing ceremony of ‘Urumqi Tianrong MicroCredit Co.(under preparation) Investment MOU’ and ‘MOU between TenGer Financial Group and People’s Government of Urumqi Municipality’. People’s Net Urumqi Sep.2 News (Reporter: Hu Ren Ba) In the ...
03 Aug 2011

Announcement-Change in the Composition of the Board of Directors

TenGer Financial Group (the “Group”) announces the resignation of Mr. James Anderson as a member of the Board of Directors (the “Board”) of the Group with effect from 31 July 2011. Jim had served on the Board of Directors of initially XacBank and then of the Group since April 2003. Jim, who worked in Ulaanbaatar as Financial Services Manager for ...
21 Jul 2011

Mongolia Exports Rise 52 Pct in H1, Mostly in China

ULAN BATOR, July 19 | Tue Jul 19, 2011 2:32am EDT ULAN BATOR, July 19 (Reuters) - Exports from land# # LOCKed Mongolia rose 52.3 percent in the first half of 2011 to a total value of $2 billion, with 90 percent of the total delivered to its dominant southern neighbour China, according to official data. Mineral resources accounted for the ...
20 Jul 2011

Mongolia's Tavan Tolgoi Coal Resources Could Reach MNT 7.5 Billion

ULAN BATOR, July 20 (Reuters) - Mongolia's massive Tavan Tolgoi coal deposit could hold as much as 7.5 billion tonnes of resources, up nearly 15 percent from the current estimate of 6.5 billion tonnes, Prime Minister Sukhbaatar Batbold was quoted as saying in local media. Winning bidders selected to develop the western part of Tavan Tolgoi would be allowed exploit ...