Golomt Bank
CMM Verified
MSE: GLMT₮1,270-0.31% ↓Public CompanyFinancial ServicesOverview
- Legal Name
- Golomt Bank JSC
- Company Type
- Public Company
- Listing
- MSE: GLMT
- Industry
- Financial Services
- Founded
- 1995
- Headquarters
- Ulaanbaatar, Mongolia
- Market Cap
- MNT 1.02T
- CEO
- Odonbaatar Amarzaya
- Parent Group
- Golomt Financial Group LLC
- Website
- www.golomtbank.com
- Coverage
- CMM Verified · Apr 21, 2026
About the Company
Golomt Bank was established on 6 March 1995 as a subsidiary of Bodi International LLC, a major player in Mongolia's social and economic sector. It is the second-largest bank in Mongolia by total assets, and currently provides services to 1.2 million customers through 107 branches across the country. Golomt Bank is the only sub-custodian bank of JP Morgan in Mongolia and has established strong relationships with key IFIs and global banks through funding, corporate bonds, and correspondent relationships.
Financial Performance
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Net Interest Income | 612B | 698B | 781B |
| Non-Interest Income | 188B | 211B | 239B |
| Operating Expenses | 341B | 372B | 408B |
| Net Profit | 214B | 251B | 288B |
All figures in MNT. K = thousand, M = million, B = billion, T = trillion.Source: MSE disclosures
Ownership & Structure
Part of
Shareholders
Golomt Financial Group LLC (controlling)77.2%
Bodi International LLC6%
Swiss-Mo Investment AG5.21%
Public Float11.6%
Subsidiaries & Projects
4- Mongolian Mortgage CorporationMortgage FinanceAssociate
- Golomt Capital LLCInvestment BankingSubsidiary
- Golomt Securities LLCBrokerageSubsidiary
- Golomt Leasing LLCEquipment FinanceSubsidiary
Deal Insights
Golomt Bank has raised roughly $950M across eight recent facilities: international bond issuances (a $500M senior note and a $100M Samurai bond), DFI senior loans from ADB, EBRD and IFC, and green/social financing for SME and climate lending.
| Date | Amount | Investors | Funding Type | Purpose |
|---|---|---|---|---|
| May 2026 | $500M | International Bond Holders | Bond | Bond repurchase and refinancing of lending operations |
| Mar 27, 2026 | $64M | ADB (OCR, $60M) + CANPA ($4M concessional) | Debt | Green loans, MSMEs (>=half women-owned); CANPA funds adaptation, including ger-area green housing and water/wastewater. |
| Jan 2026 | $6M | Triple Jump (Financial Inclusion Resilience Fund), Netherlands | Debt | Growth, expansion, and sustainable development of SME clients |
| Dec 2025 | $20M | EBRD | Debt | Women & Youth in Business programs |
| Nov 2025 | $100M | International Bond Markets | Bond | Samurai bond |
| Oct 2025 | $160M | IFC, MCDF | Syndicated Loan | Blue Finance (Water) & Green Projects |
| Jan 2025 | $50M | International Bond Holders | Bond | Green & Social bond |
| 2025 | $50M | Proparco, Symbiotics, Triple Jump, Saison Investment Mgmt | Debt | Inclusive & sustainable SME financing |
DocumentsSubscriber access
Sustainability Docs
Operational Documents
Executive Team
OA
CEO
Odonbaatar Amarzaya
Chief Executive Officer
GG
Ganbold Galsan
President
SM
Sainbileg Mandakh
Chief Information Officer
OT
Otgon Tolya
Chief Risk Officer
Board of Directors
Board Chair
MC
Munkhtsetseg Chultem
Chairperson of the Board of Directors
Independent Directors
JB
James Bernard Dwyer
Independent Director
AP
Alexander Picker
Independent Director
RW
Robert W. van Zwieten
Independent Director
HH
Hans Holzhacker
Independent Director
RS
Ronil Sujan
Independent Director
Sustainability
Sustainability Outcomes
Sustainable water & waste managementSustainable agriculture, land use, forestry, and ecotourismEnergy efficiency
UN SDGs
SDG 6SDG 7SDG 13SDG 15
ESG PolicyYES
Sustainability DisclosureYES
Transition / Mitigation StrategyYES
Impact TrackedYES
Impact VerifiedNO
Certifications
LEED Gold StandardSustainable Green Operation StandardsJoint Impact Model FoundationUN Guiding Principles on Business and Human RightsUNEP FI Principles for Responsible BankingPartnership for Carbon Accounting (PCAF)Science Based Targets Initiative (SBTi)
News & Research