Golomt Bank has released its unaudited financial report for the 2nd quarter of 2024 prepared in accordance with the Bank of Mongolia’s regulations (year-to-date accumulated).
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 more than 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 to support micro, small, and medium-sized enterprises, as well as sustainable and green projects.
Key financial highlights for the second quarter of 2024 YTD, compared to the same period of previous year, include:
- Total assets increased by 33.6% to MNT 12.3 trillion
- Total equity increased by 34.3% to MNT 1.1 trillion
- Net loans increased by 59.1% to MNT 6.4 trillion with the non-performing loan ratio improving to 3.2%
- Customer funds increased by 19.2% to reach MNT 7.2 trillion
- Profit after tax increased by 3.5 times to MNT 273.1 billion with annualized ROAE reaching 53%
- EPS reached ₮337.8
- All the prudential ratios are fulfilling the requirements of the Bank of Mongolia.
The bank is expected to report its auditor-reviewed financial statements for the first half of 2024 this September.
For the full financial report, please refer to the following link. HERE