Golomt Bank released audited financial report as first half of 2024


Golomt Bank released audited financial report as first half of 2024

In the first half of 2024, Golomt bank successfully issued its inaugural US$300 million three-year unsecured senior notes in the international capital market. This was the first international notes issuance by a privately held Mongolian commercial bank in over a decade. The bank has also secured a total of US$38 million in long-term financing from reputable organizations such as Saison Investment Management, Agents for Impact, and responsAbility Investments to support micro, small, and medium-sized enterprises, as well as sustainable and green projects.

Financial highlights for the first half of 2024, compared to the audited financial results 2023:

  • Total assets increased by MNT 811 billion or 7.0 percent to MNT 12.4 trillion.
  • Total equity increased by 18.9 percent to MNT 1.3 trillion.
  • Gross loans increased by 36.8 percent to MNT 6.7 trillion and net loans increased by 38.4 percent to MNT 6.5 trillion.
  • Customer funds increased by 3.1 percent to reach MNT 8.3 trillion.
  • Profit after tax increased by 2.4 times compared to same period of previous year and reached to MNT 275.8 billion.
  • Earning per share (EPS) increased to MNT 341.

Please refer to the following link for the audited financial report as first half of 2024. HERE

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