Regular meetings of the board of directors and shareholders of XacBank and TenGer Financial Group
Subject: Regular meetings of the board of directors and shareholders of XacBank (the Bank) and TenGer Financial Group (TFG)
The regular meetings of the board of directors and shareholders XacBank and TenGer Financial Group were held on 29-31 March 2016 in Ulaanbaatar, Mongolia.
The meetings of the board of directors and shareholders considered and made decisions on the 2015 annual operational and financial results of the Bank and TFG, 2015 audited financial statements and other matters on the agenda.
By the decision of the Board of Directors, Richard Ranken and Chuluun Ganbold were re-elected on the board of directors of the Bank and TFG. James Stent was re-elected as an independent director on the board of directors of the Bank. Batsaikhan Baatar was re-elected on the board of directors of TFG. Chuluun Ganbold was re-elected as the Chairman of the boards of directors of the Bank and TFG.
XacBank and TenGer Financial Group
