History and Highlights

History and Highlights

History and Highlights

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2023 year

  • Golomt Bank JSC has distributed dividends to the shareholders.

  • SocialPay 3.0 version is fully launched.

  • Officially introduced the "Women Owned" trade mark to the market to support women entrepreneurs.

  • Opened 7 correspondent banking partnership with the banks of the UK, New Zealand, Spain, and Germany in currencies such as USD, EUR, and GBP.

2022 on

2022 year

  • Golomt Bank has made an IPO and has become a Joint-Stock Company.

  • Joined the “Paris Call for Trust and Security in Cyberspace”.

  • Successfully introduced the international standard "CARDZONE" card system.

  • Introduced the New Zealand Dollar /NZD/ currency to the payment system.

  • Joined the PCI Security Standards Council /PCI SSC/ as a new participating organization for the first time in Mongolia.

  • Initiated the archaeology project “The Genesis of Heritage and Culture”.

Si cart

2021 year

  • Golomt Bank introduced “Si” debit and credit card products for high segment customers.  

  • Successfully introduced the SWIFT GPI system.  

  • Opened new branches which are called “New Airport” and “Lavai”.  

  • Introduced the Turkish Lira /TRY/ currency to the payment system.

  • Introduced and created Hedging services to the market.


2020 year

  • Celebrated 25th anniversary of the bank.

  • Created 4 types of gateways: Payment gateway, Corporate gateway, Retail gateway, Government gateway, and offered to its customers as part of the “Open Bank” policy.

  • Issued a closed bond bank guarantee in cooperation with Golomt Capital LLC for the first time in the Mongolian market.

  • Introduced platforms FINEDU website for comprehensive financial education /www.finedu.mn/ and DUA website, the first economic research website in Mongolia /www.dua.golomtbank.com/.

  • Sponsored the “Heart Will Not Forget” project to diagnose and operate on children with congenital heart defects.


2019 year

  • Organized The FMC Financial Forum successfully, inviting the top 500 financiers of the largest business organizations in Mongolia.

  • Updated Internet Banking and Smart Banking services, based on artificial intelligence and new technology.

  • Launched “My Finance” service based on Data analysis for the first time in Mongolia.

  • Introduced NFC remote technology to all MasterCard, Visa, UnionPay and American Express cards.

  • Introduced “The Color” card for children and youth.


2018 year

  • Launched Virtual card without plastic for online payment.

  • Organized 7 series of “Zaisan” lectures and trainings and 2,000 customers participated.

  • Introduced Classic Debit card.


2017 year

  • Introduced SocialPay digital wallet application, which simplifies payments.

  • Launched Alternative card number service and credit card partial payment service.

  • Updated golden debit and credit MasterCard to the market.


2016 year

  • We provided a full range of banking services to the contractors and subcontractors of the new International Airport project.

  • Introduced American Express® Green Card and Copper Credit Card.


2015 year

  • 100% insured corporate bonds are being traded for the first time in Mongolia.

  • Golomt Bank a supporter of financial education launched a website www.edu.golomtbank.com.

  • Launched American Express® Rewards card for its customers.


2014 year

  • Became the first bank in Mongolia to have a license to operate Custodian banking service.

  • Became the first commercial bank in Mongolia to comply with the law FATCA.

  • Allowed the bank’s customers to access Western Union money transfer service based on the Internet banking.


2013 year

  • Signed an agreement to introduce the world’s leading American Express card in Mongolia.

  • Introduced a brand new service to pay taxes online in cooperation with the General Department Taxation of Mongolia.

  • Updated and introduced Mongolia's first smartphone-based banking and financial application, Smart banking service 2.0 (two zeros) version.


2012 year

  • Introduced export and foreign trade financing products in cooperation with BHF, Commerz of Germany, and EXIM bank of South Korea.

  • Introduced the ordered transfer service to the market.

  • Opened the Business Centers for SMEs.


2011 year

  • Golomt Bank’s all employees donated one day's salary to the people of Japan affected by the disaster.

  • Implemented “Employee Stock Ownership Program” successfully for the first time in Mongolia.

  • Organized “Human Resource Recruitment Campaign” involved about 1,500 people.


2010 year

  • Established the “First Pension Fund” to secure the future of its employees.

  • Launched open a savings account online for the first time in Mongolia.

  • Introduced China UnionPay RMB card for the first time in the international market.


2009 year

  • Organized international conference "Future trends in payment cards".

  • Introduced online ordering tickets of train and plane in Mongolia.

  • Launched the Mobile banking service.

2008 on

2008 year

  • 100% insured corporate bonds are being traded for the first time in Mongolia.

  • Golomt Bank a supporter of financial education launched a website www.edu.golomtbank.com.

  • Launched American Express® Rewards card for its customers.

2007 on

2007 year

  • Launched “Self-service banking”.

  • Issued Platinum MasterCard.

  • Introduced E-Token solution for Internet Banking services.

2006 on

2006 year

  • Initiated an Automated Teller machine /ATM/.

  • Launched the Green loan.

  • Launched “Financial Supermarket” service, get all banking services from one place.

2005 on

2005 year

  • Issued Platinum Visa card with the highest level of service and various discounts.

  • Upgraded card payment systems.

  • Launched Youth Visa Card and Transparent Visa Card, and Mirror Master Cards to the market.

2004 on

2004 year

  • Introduced first savings book with magnetic tape security firstly.

  • Increased types of loan through branched of the bank.

  • Joined SWIFTNET, an updated version of the SWIFT network.

2003 on

2003 year

  • Issued “Golden Key” savings for children.

  • Received the gold trade license, and to do all kind of banking and financial services in the market.

  • Started Scholarship Program of Golomt bank for university students.

2002 on

2002 year

  • Launched Internet Banking service.

  • Introduced billing service to pay for housing and electricity from the card account.

  • Issued Employment Generation Fund loans.

2001 on

2001 year

  • Initiated “Telephone Banking” service first time in Mongolia.

  • Started trading through “Reuters” International trading network.

  • Approved and stated “Service Quality Standard”.

2000 on

2000 year

  • Issued Small business loans for the first time, amongst Mongolian commercial banks.

  • Joined “Western Union” money transfer and SWIFT networks.

  • Issued Visa card first time to the market, became an official member of “VISA International”.

1999 on 1

1999 year

  • Issued “MasterCard” first time to the market, became an official member of MasterCard Worldwide.

  • Opened the first branch in rural area.

  • Introduced value storage service.

1998 on

1998 year

  • Audited financials of the bank by international auditing firm “Arthur Anderson” for the first time amongst Mongolian banks.

  • Organized training for senior managers of the bank.

1997 on

1997 year

  • Introduced “Mobile Banking” and 24-Hour Banking services firstly.

  • Opened six new sub-branches in large densely populated areas.

1996 on

1996 year

  • Issued foreign settlement service license.

  • Released “Golomt” newsletter for its customers.

  • Introduced advanced non-cash payment system “Golomt Cheque” service for the first time in Mongolia.

1995 on

1995 year

  • Golomt Bank started its operations with four employees and a capital of MNT 436 million, by the order No.59 of President of the Bank of Mongolia.

  • Opened the first sub-branch of savings bank on the west side of the Government House.

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