Trade finance

Trade loans

Trade loans
We maintain strong correspondent banking and trade finance relationship with more than 60 banks worldwide. For our customers Golomt Bank is offering flexible, short-to-medium term borrowing facilities linked to specific import or export transactions across the world.

Sources of financing:

Exporter's Country Banks and Financial Institutions Loan Tenor Currency L/C post-financing Import loan Export loanл

Worldwide

Commerzbank AG

360 days

USD, EUR

Industrial & Commercial Bank of China

180-360 days

USD, CNY

 

Baoshang Bank

USD-180 days

CNY-360 days

USD, CNY

Atlantic Forfaitierungs AG

2 years

Major CCYs

 

 

VTB Bank, Austria

урьдчилан тохирно

EUR, RUR, CNY

 

China

Agricultural Bank of China

180 days

USD

Taiwan

The Export-Import Bank of Republic of China

1 year/5 years

USD

 

 

Korea

The Export-Import Bank of Korea

2 years

USD

 

Hungaria

Hungarian EXIM Bank

2-5 years

USD

 

 

Italy

Banco popolare DI Vicenza SCPA

урьдчилан тохирно

Major CCYs

 

 

Russia

Vnesheconombank

1-5 years

USD, EUR, RUR

 

 

Poland

Bank Gospodarstwa Krajowego

2 years

USD, EUR

 

 

mBank

1-5 years

USD, EUR

 

 

Note: Depending on each bank requirement, interest rates are usually based on EURIBOR, LIBOR or CIRR and will be determined on case by case basis.

Importer benefits:

  • FUNDING SOLUTION: Importer can purchase goods abroad without paying immediately, and having grace for payment only after agreed period of time of selling the goods;
  • SAFE AND EFFECTIVE: your negotiating position with suppliers is strengthened as you’re able to accept quick payment terms;
  • OTHER OPPORTUNITIES: Available when you’re trading under Documentary Credit or Documentary Collection terms.

Exporter benefits:

  • PRE-SHIPMENT FINANCE: is a loan/advance granted to an exporter for financing the purchase, processing, manufacturing or working capital prior to shipment;
  • POST-SHIPMENT FINANCE: is a loan extended during the date of shipment of goods and the date of realization of export proceeds.

Worldwide

In cooperation with our counter partners, the foreign banks and financial institutions, Golomt Bank is offering business entities with flexible, short term borrowing facilities.

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China

Golomt bank and Chinese banks are offering short-term loans jointly to specific import or export transactions across the border of China.

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Russia

Vnesheconombank and VTB Bank in Austria are offering short to medium-term loans for Mongolian importers in partnership with Golomt bank.

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Germany

Commerzbank AG, headquarters in Frankfurt, Germany is a global banking and financial services company. Through its structured trade finance, Commerzbank provides short term trade loans in USD and EUR for Golomt bank customers, supporting their importing and exporting transactions.

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Taiwan, ROC

The Export-Import Bank of the R.O.C. is the only specialized trade financing institute in Taiwan, and is the best partner for purchasing machinery & goods from Taiwan. EXIM Bank, Taiwan offers trade loans in USD to support Mongolian imports from Taiwan.

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Korea

In collaboration with “Export-Import Bank of Korea”, the export credit agency of South Korea, also commonly known as the Korea Eximbank (KEXIM), Golomt bank offers trade loan in USD for Mongolian Importers and business entities.

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Hungary

The Hungarian state-owned Eximbank performs the tasks of Hungary’s export credit agency, which are regulated by the legislative frameworks of the OECD and the EU, with the basic objective of facilitating the sale of Hungarian goods and services in foreign markets. In collaboration with “Hungarian Export-Import Bank”, the Golomt bank offers Medium-term loan in USD for Mongolian Importers.

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Poland

Bank Gospodarstwa Krajowego and mBank are offering short to medium-term loans in both EUR and USD for Mongolian importers in partnership with Golomt bank.

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