Golomt Bank is pleased to announce the establishment of USD and EUR correspondent accounts with ODDO BHF SE, a leading European financial institution. Through this partnership, Golomt Bank enables its customers to benefit from a wide range of cross-border payment transactions with smoother and faster processing times. Also, this strategic partnership marks a significant milestone in Golomt Bank’s efforts to expand its global reach and enhance its cross-border banking services.
“We are thrilled to announce this significant step in our journey to strengthen Golomt Bank’s global presence. Our long-term partnership in trade finance and beyond exemplifies our joint efforts to drive economic growth and stability in Mongolia.” stated Norihiko Kato, CEO of Golomt Bank.
Golomt Bank effects cross-border payments in 15 major currencies throughout its worldwide correspondent banking network. As of year-end 2022, the bank has processed 36 percent of all cross-border payment transactions effected in the banking sector of Mongolia.