03 Jun 2010
Tenger Financial Group LLC Invests in Prime General Insurance LLC

Tenger Financial Group LLC Invests in Prime General Insurance LLC

TenGer Financial Group LLC (TenGer) announces it has invested in the share capital of Prime General Insurance LLC. Prime Insurance is one of the key players in Mongolian insurance market. Prime Insurance will now be 50/50 owned between TenGer Financial Group and Petrovis, a leader in Mongolia’s energy and petroleum business. The investment successfully brings Prime Insurance into the family ...
02 Jun 2010

XacLeasing LLC Increases Its Capital

TenGer Financial Group LLC (TenGer) announced that its Shareholders and Board of Directors approved an additional MNT1.0 billion capital injection into XacLeasing LLC, Mongolia’s leading provider of leasing solutions for SME equipment. As a result, XacLeasing’s paid-in capital will be doubled to increase its solvency and enable the company to grow its MNT3.5 billion assets by more than fourfold over ...
06 Apr 2010

TenGer Financial Group and XacBank Enhance Corporate Governance with the Help of IFC

TenGer Financial Group LLC (TenGer) and its flagship, XacBank, have entered into an agreement with the International Finance Corporation (IFC) on provision of corporate governance advisory services. Under the agreement, an IFC team of highly experienced consultants will determine the present level of corporate governance at TenGer and XacBank compared with the best internal practices. They will identify any changes ...
31 Mar 2010
Gankhuyag Completes Harvard Program

Gankhuyag Completes Harvard Program

As one of the Young Global Leaders chosen by the World Economic Forum, Mr. Ganhuyag Chuluun, Chief Executive of TenGer Financial Group, has completed a Harvard Kennedy School program “Global Leadership and Public Policy for the 21st Century” in Boston, USA. The program is a joint effort by Harvard University and the World Economic Forum and designed for Young Global ...
23 Mar 2010

Gankhuyag attends the Harvard Kennedy School Program

Ganhuyag Ch. Hutagt, CEO of TenGer Financial Group, was invited to attend a program at the Harvard Kennedy School Center for Public Policy, Global Leadership and Public Policy for the 21st Century. The program is a joint effort by Harvard University and the World Economic Forum. The program was developed to expand and enhance the leadership skills of Young Global ...
08 Jan 2010

Gankhuyag Chuluun to Take Part in Davos 2010

As one of the Young Global Leaders chosen by the World Economic Forum (WEF), Chief Executive Officer of TenGer Financial Group LLC, a parent company of XacBank, Mr. Ganhuyag Chuluun will attend the 40th World Economic Forum Annual Meeting in Davos-Klosters, Switzerland, on January 27-31, 2010, by invitation. This year’s meeting will focus on the following six areas of inquiry ...
30 Dec 2009

Mr. Gankhuyag Chuluun, CEO of TenGer Financial Group LLC, has been Named the Business Person of the Year 2009 and Received "Golden Rose" Award

The 9th annual “Golden Rose” award ceremony was hosted by the Mongolian Socialist Democratic Youth Union and announced persons of the Year 2009 in business, culture, sport, media and politics recognizing excellence in their respective sectors. Chief Executive of TenGer Financial Group, a parent company of XacBank, Mr. Ganhuyag Chuluun was chosen as a business person of the Year 2009 ...
02 Nov 2009

Tenger FInancial Group and XacBank Increase Their Share Capital

November 2, 2009. Ulaanbaatar, Mongolia. TenGer Financial Group LLC (TenGer), the holding company of XacBank, is pleased to announce that it has successfully increased its share capital by MNT7.5 billion. In May 2009, shareholders of TenGer passed a resolution to increase the equity through issuance of new shares. A total of MNT7.5 billion was raised from the existing shareholders and ...