Bogd FT Ltd

What the company does

Bogd FT Limited is a diversified financial services group providing banking and financial services to corporate and retail customers in Mongolia through a variety of delivery channels. Its primary business consists of commercial banking operations, including lending, deposit-taking, international remittances, insurance brokerage, fee-based services and foreign exchange. It also offers agricultural and rural banking products and conducts treasury operations involving regulatory reserves, proprietary trading and foreign exchange services for corporate customers.

Use of proceeds

Based upon an assumed Offering price of $4.00, the company intends to use approximately 70%, or $15.2 million, of the net proceeds to support lending activities domestically and in selected regional markets within Central Asia. It intends to use approximately 20%, or $4.3 million, for technology investments and approximately 10%, or $2.2 million, for sales channel development and expansion.

Underwriters

Extracted from F-1/A 0001213900-26-116779, filed Nov 6, 2026 and verified against that filing text.

Key risk factors

• Loan portfolio quality

  “If we are unable to effectively maintain the quality of our loan portfolio, our business, financial condition and results of operations may be materially and adversely affected.”

• Short-term funding

  “Our funding is primarily short-term and depositors may not roll-over deposited funds upon maturity.”

• Financial reporting controls

  “Failure to implement and maintain an effective system of financial reporting and internal controls may materially and adversely affect our ability to accurately or timely prepare financial information.”

• Controlling shareholder influence

  “Our Controlling Shareholder and related parties may exercise influence over certain of our affairs and may have interests which differ from ours.”

• Related-party conflicts

  “We have engaged in transactions with related parties, may continue to do so in the future, and the terms of these transactions may not be on an arm’s-length basis and could create conflicts of interest.”

• Inadequate loan allowances

  “Our allowances for doubtful accounts may prove inadequate.”

• Mongolian credit risk

  “We operate in Mongolia, where credit risks and counterparty exposure experienced by banks may be greater than in more developed countries.”

• Collateral value decline

  “The value of our collateral may be overstated and may decline in the future.”