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Shareholders, funders, partners


Shareholders

TenGer Financial Group (TFG) is a sole shareholder and holding company of XacBank.

The shareholders of TFG are:

20.00%"MONGOLYN ALT" (MAK) LLC
17.17 %THE INTERNATIONAL FINANCE CORPORATION
16.81 %ORIX Corporation
12.91 %European Bank for Reconstruction and Development (EBRD)
10.52 %;NATIONAL BANK OF CANADA
10.15 %RONOC
6.63 %Mongolia Opportunities Partners
3.73 %TRIODOS FAIR SHARE FUND
1.59 %OPEN SOCIETY FORUM
0.30 %UB ROTARY CLUB
0.10 %BOLD MAGVAN

0.09 %GANBOLD CHULUUN


Funders and partners

 Asian Development Bank
 Regional development bank

 responsAbility
 Investing service

 Developing World Markets
 Investment company

 Incofin
 Investment company

 Proparco
 Financial institution

 FMO
 Development Bank

 EBRD
 European Bank

 IFC
 International Finance   Corporation

 Symbiotics
Investment company

 SIFEM
 Swiss Investment Fund

 Swedfund
 Financial institution

 Finnfund
 Financial institution

 Triodos Bank
Commercial banking company

 KfW
Development Bank

 DFC
 Development Bank

 OFID
 Development Fund

 CaixaBank
 Financial services

 Green Climate Fund
 Development Fund

 Global Climate
 Partnership fund

 IBEC
 International Bank

XacBANK and TENGER FINANCIAL GROUP (TFG) BENEFICIAL OWNERSHIP

(as of 2 February 2021)

XacBank Shareholder
Stake
%TFG Shareholder
Stake
%UBO
TenGer Financial Group (TFG)
20,353,656100%Mongolyn Alt (MAK) Coporation
3,316,985
20.0%
MAK is a company, incorporated in Mongolia, with operations in geology, mining, construction supply, infrastructure and owned by Mongolian nationals Nyamtaishir B. and Hulan D. Please visit the link:
www.mak.mn
International Finance Corporation (IFC)
2,847,794
17.2%
IFC is an IFI with an agreement with Mongolia as a member country. Please visit the link:
www.ifc.org
ORIX Corporation
2,788,218
16.8%
ORIX Corporation is a public company traded on New York and Tokyo Stock Exchanges. Please visit the links:
www.orix.co.jp/grp/en/
www.nyse.com/quote/XNYS:IX
www2.tse.or.jp/tseHpFront/StockSearch.do?callJorEFlg=1&method=&topSearchStr=8591

European Bank for Reconstruction and Develoment (EBRD)2,140,273
12.9%
EBRD is an IFI with an agreement with Mongolia as a member country. Please visit the link:
www.ebrd.com
National Bank of Canada
1,744,107
10.5%
NBC is a public company traded on Toronto Stock Exchange. Please visit the link:
www.nbc.ca
Ronoc Partners Kft.
1,683,342
10.2%
Ronoc Partners Kft. is an investment and advisory company, the investors of which are Ronoc Financial Solutions, Kalina Investments Ltd., Denton Holdings SPV, Filsham Ltd. and individuals Mr. Gary Kinsey and Mr. David Nangle. Please visit the link:
www.ronoc.ie
Mongolia Financial Services
1,098,764
6.6%
Mongolian Financial Services is a SPV of Mongolia Opportunities Fund, an investment fund, invested by EBRD (www.ebrd.com), IFC (www.ifc.org), DEG (www.deginvest.de/International-financing/DEG), FMO (www.fmo.nl), Obviam (www.obviam.ch), ORIX Corporation (www.orix.co.jp/grp/en), Misubishi Corporation (www.mitsubishicorp.com) and other small investors holding each less than 3%.
Triodos Fair Share Fund
618,6803.7%
Triodos Fair Share Fund is a mutual fund partially traded on Amsterdam Euronext. Please visit the link:
www.triodos-im.com/funds/triodos-fair-share-fund/NL0013087968
Open Society Forum
264,141
1.6%Open Society Forum is a non-government organization (NGO) incorporated in Mongolia in 2004 as successor of Soros Foundation. The Chief Executive Officer of Open Society Forum is Ms. Erdenejargal Perenlei. The members of the Board of Directors are Urantsooj G, Unenbat J, Enkhjargal D, Bolortuya Ch, Naranbayar P, Munkhsaikhan O, Lodoiravsal Ch, who are Mongolian nationals. Please visit the following link:
www.forum.mn
UB Rotary Club
50,0000.3%
UB Rotary Club is a non-government organization (NGO) incorporated in Mongolia. The current President of UB Rotary Club is Ms. Enkhtuya Sukhbaatar.
Boldoo Magvan16,968
0.1%Mr. Boldoo Magvan
Ganbold Chuluun
15,372
0.1%
Mr. Ganbold Chuluun
Total20,353,656100%Total16,584,644100.0%

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