Golomt Bank and Agricultural Bank of China /ABC/ are pleased to announce the signing of a strategic Memorandum of Understanding with the aim to promote trade and investment between China and Mongolia. Under this MOU, the two banks will actively collaborate in providing cross-border financial services, including RMB settlement and participation in the China Interbank Bond Market /CIBM/.

ABC is one of China’s leading integrated financial service providers, serving more than 11.57 million corporate clients and 871 million retail banking customers, with a network of over 22,600 branches and outlets globally.

Golomt Bank is recognized as one of Mongolia’s top banks, with a strong presence across Retail, Corporate, and SME market segments. In collaboration with more than 230 banks globally, Golomt Bank offers a multitude of services, including import letters of credit, payment guarantees, factoring, and import loans, by maintaining our leading position in the domestic market, particularly in trade finance business services.

Mongolia’s Global Benchmark Bank