About bank

History and highligts

History and highlights

1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
1995

Lottery winners amonst the first 100 deposit holders.

The first ”Hire Purchase” loans issued in Mongolia.

Established correspondent banking relations with Credit Suisse and Berliner Bank.

The first sub-branch was established.

Adrian Hill, consultant from the United Kingdom, provided consultancy services to the bank.

1995.03.06. Golomt Bank of Mongolia was founded.

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1996

The bank organized workshop on card business for Mongolian bankers in cooperation with the Berliner Bank of Germany, in Berlin, Germany.

With the purpose to introduce an advanced non-cash payment system in the Mongolian banking sector, the Bank first ever introduced ”Golomt Cheque” service in Mongolia.

The bank became member of German-Mongolian Business Counsel.

The Central Bank of Mongolia issued foreign settlement service license to the bank.

Established correspondent banking relations with Drezdner Bank AG, Commerz Bank, Union Bank of California.

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1997

24-hour banking service via our certain settlement centers became available for our customers. Our customers no longer need to hurry to bank during the business hours, wasting their valuable time.

Sub-branch #3 and #4 were established.

Mobile Banking Service was introduced.

Established correspondent banking relations with The Bank of Tokyo-Mitsubishi, HSBC, Hong Kong.

Sub-branch #2, #6, #7 and #8 were established.

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1998

At the government decision, Golomt Bank took over ailing state owned Reconstruction Bank and separated from the bank after 2 months of joint operations at reconsideration of their earlier decision by the government.

Entire bank employees participated in the company hiking, which is organized yearly since then.

Training seminar for senior managers of the bank was organized.

Financials of Golomt bank were audited by international auditing firm - Arthur Anderson for the first time amongst Mongolian banks

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1999

Issued Mastercard

Golomt Bank was selected as Participating Financial Institution of ”Private Sector Development Credit” project, financed by World Bank in cooperation with the Government of Mongolia and started to issue first term loans in the market.

The bank first used Windows based accounting system.

The number of sub-branches expanded.

The first branch in rural area was opened.

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2000

Issued Visa card

Best Company Award - 2000, National Productivity Award of the year of 2000.

Small business loans issued in the first time amongst Mongolian banks to support small businesses.

Became the first agent of Western Union Money Transfers in Mongolia.

Joined SWIFT - the Society for Worldwide International Financial Telecommunications.

Established correspondent banking relations with Komercni Banka A.S of Czech Republic.

Investment and Project Financing Department was established.

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2001

First salary cards issued.

ADB Employment Generation Project Loan was distributed by Golomt Bank.

Became member of the Mongolian-Korean Business Council.

Established correspondent banking relations with Centro International Handles Bank of Austria.

Internal rating system was adopted.

General Service Standard was approved.

Major Restructuring was implemented.

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2002

Customers were enabled to pay rent and other utility bills from their card account regularly.

In order to support talent, the bank sponsored The Best Student Speech conference among students.

Opened Representative Office in London.

Joined to the Best Practice Network of the Asian Productivity Organization.

Sponsored number of local banks for their membership in international card associations.

GALAXY On-Line Banking System adopted.

Started to issue short term savings-backed loans.

Employment Generation Fund loans started to be issued.

Established correspondent banking relations with Chohung Bank of Korea and AIG, Singapore.

”SMS 525” mobile banking service was introduced.

Received ”TOP 100 Enterprises” award.

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2003

Started to distribute ”Golden Ear” card of Agricultural Bank of China.

Issued students discount card.

Direct Marketing in Mongolia was implemented.

Signed first Western Union sub-agent agreements with local banks.

Established correspondent banking relations with Land Bank of Taiwan and Agricultural Bank of China.

”Touch Screen” box was placed at every branch where the customer could check balance and other information of their card accounts.

Became the first user of the ”Bloomberg” information exchange system among the Mongolian banks and started to declare its tugrug/ USD rates on the system.

Started to issue mortgage loans under Housing Finance project of the Asian Development Bank.

Gold trade license was received from the Central Bank, which makes the bank fully licensed to do all kind of banking and financial services in the market.

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2004

Established correspondent banking relations with Korean Exchange Bank of Republic of Korea, Sberbank of Rus

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2005
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2006
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2007
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2008
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2009
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2010
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2011
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2012
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2013

Sponsored “Mongolia Investment Summit 2013”

Offered financial donation to “Mongolia’s Rapid and Fast Thinking Chess Cup.”

As part of bank’s commitment to environment, “E Banking – say no to carbon emission” initiative reaped abundant outcomes.

As a first card-issuer bank in Mongolia, Golomt bank signed a partnership agreement with American Express Company, global leader in cards, to bring latest technological solution.

Golomt bank won Global Finance’s award for “Best bank of Mongolia”.

Signed partnership agreement with “Credit Guarantee Fund.”

Chosen as the provider of “Chinggis Bond’s” low interest rate loan, assisting government initiative.

Sponsored “30th Asian Banker’s Association Summit.”

Golomt bank scooped the award for “Best Internet Bank of Mongolia” from GLOBAL FINANCE.

Golomt bank in cooperation with General Department of Taxation initiated an innovative payment solution that allows tax payers to transfer their taxes through Golomt bank’s Internet bank service.

Extended our physical branch in Dornod province along with its new building.

Organized “Discover Mongolia”, an information technology summit of banking sector, for the 10th consecutive year.

Recognized by our powerful team, we won the “Best Employer of Mongolia” award.

Our branch network was expanded in Erdenet province.

Actively supported Mongolian Government and MongolBank’s initiative to run housing programme of low interest rate, namely “8+-1” loan project.

Extended our settlement centers with “Da Khuree” opening.

Sponsored “Mongolia Trade and Finance Commodity 2013”.

Golomt bank signed Memorandum of Understanding with Daewoo Securities, the most powerful financial institution of South Korea.

Expanded our physical network in Bayankhongor province.

Signed an agreement with Infosys, global leader in technology.

Our contribution to the sport development continued by the Third Mongolian Student Universidad of Asian Region.

Adopted card security solution named “3D Security” to ensure fully safeguarded internet transaction.

Mongolian National Chamber of Commerce and Industry named Golomt bank as the “TOP BANK.”

Golomt bank’s commitment to art development made us the loyal partner of Mongolian Horse-Head Ensemble.

Recognizing our foreign remittance effectiveness, German’s Commerzbank awarded Golomt bank with “EXCELLENT QUALITY IN STP.”

Revised “SMART BANK”, a mobile banking application to offer more convenient customer services and rich options.

Golomt bank, the first card-issuer that offered innovative payment system accessible both domestically and abroad, presented an international MasterCard that allows transactions from MNT account anywhere around the globe.

Promoted “Road Expo Mongolia 2013” exhibition.

Actively supported “Mongolian Economic Forum” for the fourth consecutive year.

Sponsored “Coal Mongolia 2013” summit.

Our initiative to encourage customers’ ambition for excellence found ground in specifically tailor-made campaign named “FINANCE YOUR GOALS” that rewarded six of the winner customers with total of 120 million MNT.

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2014

Golomt bank receives the “ENTREPRENEUR OF THE YEAR. BEST CORPORATE GOVERNANCE” award from MNCCI.

“Golomt Securities” securities dealership company introduces first ever online securities trading system in Mongolia.

The Banker, a leading banking magazine, names Golomt bank as the “BEST BANK OF MONGOLIA”.

The winning 100 students of the Golomt Bank’s “Students’ Science Conference” receives their scholarships.

Launched “Flexi deposit” a new deposit service offering unique opportunities.

Opened a new branch in “Khan-Uul” district.

First ever among Mongolian banks, Golomt bank successfully integrated “FINACLE” core banking solution, which fully satisfies international standards.

Launched American Express® Gold Card for the first time in Mongolia.

Mongolian National Chamber of Commerce and Industry (MNCCI) names Golomt bank as the “Top 5 bank” of Mongolia.

Opened the “Sansar Business Center” with new, improved condition.

Opened a new, improved subsidiary in Zamiin-Uud province.

Opened a new branch in “Bukhiin Urgoo” complex.

Global Banking & Finance Review magazine, a leading global financial intelligence body, had named Golomt bank as the “BEST INTERNET BANK OF MONGOLIA” and “BEST RETAIL BANK OF MONGOLIA” for the year 2014.

Committed to support education, Golomt bank was the first business organization in Mongolia to initiate the

Golomt bank becomes the first Mongolian bank to adhere to the FATCA regulations.

In collaboration with international law firms

Customers of Golomt bank is now able to process account based “Western Union” money transfer services through internet banking, which is a first for Mongolian Customers.

Timed to coincide with the finals of

Signed a cooperation agreement with globally attributed software developer, Microsoft.

Golomt bank joins “Asian Financial Cooperation Association”.

A two phase raffle promotion was initiated among the

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2015

Голомт банк Канадын Экспорт Хөгжлийн Агентлаг болон Унгарын “Мажаар Трейд Хаус” ХХК-тай хамтран ажиллах гэрээ байгууллаа.

ХАА-н салбарынханд зориулсан ”ХАА-н төслийн санхүүжилт” зөвлөгөөнийг зохион байгуулав.

3-р сарын 6-ны өдөр Голомт банкны 20 жилийн ой тохиов.

“AMERICAN EXPRESS® REWARDS CARD”-г харилцагчиддаа зориулав.

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