Industry leaders convened in Ulaanbaatar on September 23, 2024 to discuss the financial sector’s challenges, developments and changes following the elections. At the honorary invitation of Fitch Ratings Mr. Ganbold Galsan, President of Golomt Bank, participated as a panelist to share his perspective on the financial sector outlook.

With a background of 20 years of experience in the banking sector, Mr. Ganbold contributed significantly to the discussions and provided valuable perspective to participants, further shared his expertise on capital market session. His insights on seizing the opportunity, attracting new clients and on winning over rapidly growing new competitors. The panel included other notable industry experts from various sectors, fostering a collaborative environment to share their expertise, and expanding professional connections with industry specialists.

Panelists congratulated Golomt Bank on the successful issuance of its standalone three year US$300 million senior unsecured notes in the international capital market. Noting that this step, marks a new pathway for all organizations to attract investment from abroad, since it is the first USD standalone bond by commercial bank since 2012.

Mongolia’s Global Benchmark Bank