Golomt Bank, one of the systemically important banks in Mongolia, proudly announces its successful loan arrangement with responsAbility Investments AG. This collaborative endeavor stands as a significant milestone for Golomt Bank as it strives to support small and medium-sized enterprises in Mongolia. responsAbility Investments AG, a global leader in impact funding, has provided $15 million loan to Golomt Bank, reinforcing the bank’s SME financing efforts. Through this strategic cooperation, Golomt Bank aims to enhance its existing SME loan portfolio by leveraging responsAbility Investments AG’s extensive experience and expertise in supporting micro and small businesses across Mongolia.
“We are thrilled to partner with responsibility Investments AG in our shared mission of driving economic development through the empowerment of SMEs. This funding will provide us with the necessary resources to further strengthen our position as a leading provider of financial services to small and medium-sized enterprises in Mongolia” said Mr. Odonbaatar, Deputy CEO of Golomt Bank.
Commenting on the partnership, Mr. Ashish Malik, Investment Officer at responsAbility Invesments AG, stated, “We are excited to collaborate with Golomt Bank on this transformative initiative. By combining our expertise and resources, we can create sustainable, lasting impact for SMEs in Mongolia, furthering their growth potential and contributing to the overall development of the economy.”
In collaboration with impact funds and development institutions, Golomt bank aims to increase its support for social enterprises and businesses that are dedicated to women-led businesses, sustainable, and green businesses.
About responsAbility Investments AG:
responsAbility Investments AG is a leading global impact asset manager headquartered in Switzerland. With over 20 years of experience, responsAbility Investments AG specializes in financing companies across the developing world that drive social and environmental impact alongside financial returns. The company manages assets worth over USD 4.5 billion through its investments’ instruments.
About Golomt Bank:
Golomt Bank is committed to providing innovative and inclusive financial services to its diverse customer base. With a wide range of banking solutions and a strong focus on supporting Corporates and SMEs, Golomt Bank plays a pivotal role in driving economic growth and fostering entrepreneurship in Mongolia.