YEAY! 🎉 InvesCore NBFI (INV), a top-tier Mongolian non-banking financial institution, establishes a presence in Kazakhstan.  

💪 Expansion of INV

At the last April shareholders' meeting, the company mentioned that it was working to expand its operations into Kazakhstan and was awaiting approval from the Central Bank. Their goal has now been achieved. 

• 🗺️ In Central Asia: Specifically, the company established a subsidiary, InvesCore Finance, in Kazakhstan, and its operations commenced on September 14. As a result, InvesCore NBFI has expanded its operations in Central Asia by having 4 branches in Kyrgyzstan and 1 branch in Kazakhstan. 
• 🗾 Locally: Additionally, InvesCore NBFI has opened new branches in Darkhan and Sonsgolon during the first half of this year, expanding its reach to Darkhan and Erdenet, a suburb of Ulaanbaatar. 
• ❔ What will be the result?Overall, this expansion will benefit InvesCore by increasing its operations, revenue, and profit margins. In the first half of this year alone, the company's net loans increased by 67% compared to the previous year, reaching ₮590 billion. This growth is also influenced by the expansion into Kyrgyzstan. Consequently, the amount of loans granted to Central Asia will likely increase in the future. 

🤔 Why Kazakhstan?

Kazakhstan's population is 5.9 times larger than Mongolia's, with 20.6 million people. Moreover, it ranks 49th globally and first in Central Asia in terms of gross domestic product. Therefore, InvesCore NBFI is expanding into a significant market. Additionally, Kazakhstan has set a goal of attracting $25.5 billion in foreign investment by 2026 and is offering favorable tax conditions and infrastructure support to foreign companies in certain free zones. This makes it advantageous for companies like InvesCore NBFI that are entering the country's market. 

• 📈 How to work? There are currently 221 NBFIs operating in the country, and the InvesCore Finance subsidiary will introduce advanced technology and efficient services to compete with them. 

Finally... As one of the few companies that have successfully expanded since their IPO, InvesCore NBFI will continue to grow. Mongolian experts will also be working in Central Asia in significant numbers. Accordingly, as InvesCore NBFI's profits and income increase, the profit per minority shareholder will also rise.