Golomt Bank Overview and Insights

Golomt Bank is a Mongolian bank that has been in operation since 1991. It was established by the government to promote economic development in the country.

The bank's headquarters is located in Ulaanbaatar, the capital city of Mongolia. Golomt Bank has a strong presence in the country's banking sector.

Golomt Bank offers a range of financial services, including corporate banking, retail banking, and investment banking.

Golomt Bank was founded on March 6, 1995, with a capital of 400 million tugrugs and a team of four people. It was one of the first private banks in Mongolia.

The bank started small but quickly grew, and by 1999, it had become a major player in the country's financial sector. This was the year Golomt Bank introduced the first international credit card system to Mongolia, becoming a member of Mastercard Worldwide and launching the Golomt Mastercard.

In 2000, Golomt Bank took another significant step by becoming a member of Visa International and launching the Golomt Visa card. This move helped to further establish the bank as a major player in the Mongolian financial market.

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Over the years, Golomt Bank has continued to innovate and expand its services. In 2010, it became the first bank in Mongolia to introduce UnionPay cards, which allowed customers to make transactions in China and other countries.

Today, Golomt Bank is one of the leading banks in Mongolia, with a wide range of services and products. Here are some of the key milestones in the bank's history:

Golomt Bank has a significant workforce, with over 1,000 employees as of 2011.

The gender balance in the workforce is notable, with 30% of employees being male and 70% being female.

Golomt Bank has received international recognition for its commitment to excellence.

The bank's efforts have been acknowledged by the Asian Banker, which named Golomt Bank the "Best Bank in Mongolia" in 2019.

Golomt Bank's innovative approach to banking has also earned it a spot on the list of "Top 500 Banks in the World" by The Banker magazine.

The bank's dedication to its customers has led to a significant increase in customer satisfaction, with over 90% of customers expressing satisfaction with the bank's services.

Golomt Bank's commitment to community development has also been recognized, with the bank's "Social Responsibility" program receiving a special commendation from the Mongolian government.

Golomt Bank's international recognition is a testament to its hard work and dedication to excellence.

Golomt Bank's ownership is dominated by Golomt Financial Group, which holds a significant 77.20% stake.

The company's ownership is quite concentrated, with the top four shareholders accounting for over 88% of the total.

Golomt Financial Group is the largest shareholder, owning a substantial 77.20% of the bank.

Swiss-Mo Investment AG holds 5.21% of the bank's shares, making it the second-largest shareholder.

Bodi International LLC owns 3.42% of the shares, giving it a notable presence in the bank's ownership structure.

Golomt Investment Limited holds 2.57% of the shares, rounding out the top four shareholders.

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The remaining 11.60% of the shares are held by the public, demonstrating a significant level of public ownership in the bank.

Here's a breakdown of the bank's ownership structure: