Ulaanbaatar
"Invescore" Non-Banking Financial Institute Launches Subsidiary in Kazakhstan
Economy
Ulaanbaatar, September 16, 2024 /MONTSAME/. “Invescore” Non-Banking Financial Institute (NBFI) has established a subsidiary in Kazakhstan. Specifically, “Invescore” NBFI officially opened its subsidiary named “Invescore Finance” on September 14, 2024, expanding its operations into the Central Asian market. It is the 2nd subsidiary of "Invescore" in Central Asia. Notably, the Mongolian financial institute has expanded its market internationally, offering services to foreign customers and creating an opportunity for Mongolian specialists to work and lead the business in Central Asia.
“Invescore” financial institute began its operations in 2016 with the mission to act as a “Responsible Supporter” to its clients in their financial needs, introducing advanced technology and providing innovative and prompt services in the microfinance market. In 2019, "Invescore" has become a stock company. As of now, the company operates 13 branches in Ulaanbaatar, with additional branches in Darkhan, Erdenet, four in the Kyrgyz Republic, and now one in Kazakhstan.
Kazakhstan, with a population of 20 million, ranks 43rd
globally by the Gross Domestic Product and leads economically in Central
Asia. Currently, there are 221 non-banking financial institutes operated in
Kazakhstan, and the subsidiary “Invescore Finance” aims at introducing advanced
technology, and delivering innovative and efficient services in the country.
