AustCham Mongolia welcomes a nem member – Golomt Bank

Copy of Copy of 2018

We are delighted to announce that Golomt Bank has joined AustCham Mongolia as a Company Member for 2018.

Thank you #Golomt Bank for your support. 
We are excited to partner with you! 
We will continually strive to connect you to one another and to the community at large. Please welcome them by visiting their website

Golomt Bank LLC, a leading commercial bank in Mongolia established in 1995, offers complete spectrum of commercial banking services and provides universal banking solutions to both domestic and international clients. During its 23 years of history, the Bank has built a strong, reputable brand image that synchronizes with quality and customer centered services. It is now operating with 112 branch networks including self-service units at strategic locations, employing 1900 staffs throughout the country. Golomt Bank is the most active bank in Mongolia with available service networks dispersed in 13 provinces in all regions of the country.

The Bank is one of the systematically important banks in Mongolia comprising market share of 19% by its assets (MNT 5.2 trillion) and 24% by its deposits (MNT 3.4 trillion) as of 2017.

Golomt Bank continues to expand its international cooperation with international financial institutions (IFI), Export Credit Agencies (ECA)/ EXIM Banks, Multilateral Lending Agencies (MLA) and Development Finance Institutions (DFI). As of December 2017, Golomt Bank collaborates with over 100 international banks and IFIs worldwide to provide domestically and internationally the best services in the areas of correspondent banking, trade finance, ECA, letters of credit, SBLC, treasury, short, medium and long term financing, international remittances etc.

Furthermore the bank maintains its leading position in all key business segments, i.e. Corporate, SME and Retail banking providing comprehensive and customized financial solutions.

The Bank is giving more focus to further diversify its business model increasing its share of retail and SME banking business developing more e-banking and digital based products while sustaining its leading position in corporate banking. As dynamic environment and FINTECH trends have become indefeasible part of every business field, the Bank continue to expand its’ digital platform and product offerings.

Golomt Bank has always been a pioneer in introducing a wide range of new banking products and services into the market including the first 24-hour branch service, MasterCard, Visa cards and American Express cards, personal current accounts, telephone banking service, internet banking service, premier banking service, floating interest rate deposits, certificates of deposits, co-branded credit cards, banking applications for smart phones, self-service banking, custodian banking service, hybrid account, gold trading service, car dealership service, bank assurance service etc.

Golomt Bank’s accomplishments, excellence, culture and loyalty established over time embed the Golomt name as a well-recognized brand in the home market.

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