Golomt Bank secures green loan from Saison Investment Management
Mongolia's Golomt Bank today announced its second successful loan arrangement from Saison Investment Management Private Limited (SIMPL). SIMPL is the cross-border lending arm of Saison International, the international headquarters of Japan’s Credit Saison, a global financial company that is listed on the Tokyo Stock Exchange.
The proceeds of the loan will be focused on loans by micro-small and medium-sized enterprises (MSMEs) for the purposes of eco vehicles, green housing, procurement of green products and more as defined by the Green Loan Principles and according to the Mongolian Green Taxonomy. This also enables Golomt Bank to further its commitment to financing environmentally responsible projects in accordance with Mongolian Green Taxonomy while enhancing its suite of financial services.
This green loan follows the initial tranche Golomt Bank received in April 2024 from SIMPL, which focused on promoting financial inclusion, water and sanitation as well as affordable and accessible health services to micro-SMEs and retail borrowers.
SIMPL operates with a commitment to foster inclusive growth in emerging and frontier markets by providing debt financing to specialized financial services providers, early-stage and tech-enabled companies that operate at the intersection of inclusion and innovation in emerging and frontier markets such as Cambodia, Mongolia, and more.
About Golomt Bank
Golomt Bank JSC is one of the leading banks in Mongolia with a total asset size of more than USD 3.4 billion and is considered one of the systemically important banks in the country. Golomt Bank was established in 1995 as a subsidiary company of Bodi International LLC, a major player in the social and economic sector of Mongolia. In 2022, the bank was listed on Mongolian Stock Exchange which was considered the largest IPO in Mongolian stock market history for over 30 years.
In the recent years, Golomt Bank has expanded its SME, MSME, green, and sustainable loan portfolios through initiatives such as capacity-building events, workshops, as well as introducing new products tailored to meet specific market needs. The Bank has also introduced the “Women Owned” trademark in partnership with the Mongolian National Chamber of Commerce and Industry to support women-owned businesses in accessing financial resources.
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