As being one of the oldest and most successful privately owned commercial banks in Mongolia, Golomt Bank has its position as the second biggest bank in the country by size. The bank was founded back in 1995 and currently has subsidiaries in all over the country implementing online banking system for the first time, also, created an Golomt Bank app for smartphone users for their daily inferences and transactions.
All the above mentioned success enabled the bank to become official partner for financial giant American Express that accounts for 24% percent of overall transactions in the U.S. The cooperation agreement was signed after the initial partnership began back in 2008. Signatory Delegate of American Express expressed that his firm seeks to partner with best institutions in the world, and confident that soon the partnership will start introducing new products to customers of Mongolia.