On 6 March 1995, Golomt Bank has established and started its operations and now became the biggest bank in Mongolia. Bank enjoys the strongest financial ratios while becoming, we believe, the best and most widely admired bank in Mongolia holding over 20% of the deposits and assets of the domestic banking system.
Committees to With over 50 branches located in the most important commercial centers staffed by a highly trained team of almost 900 professional bankers, Golomt Bank is uniquely placed to offer the widest range of banking services to all of the companies, business enterprises, institutions and individuals actively participating, trading or investing in the rapidly expanding economy of Mongolia. The Bank plays a dominant role in the sphere of international operations where its market share of credit and charge card transactions exceeds 50% and its share of international remittances exceeds 40%. In recognition of the Bank’s exceptional strengths we enjoy a very close relationship with Credit Suisse through a convertible subordinated loan accord which is envisaged to lead a direct shareholding by Credit Suisse in 17% of the Bank’s equity capital. This constitutes the only equity investment by any leading international commercial bank within the Mongolian financial system. In 2009 Golomt bank has awarded as the best bank.