GOLOMT BANK WILL DISTRIBUTE MNT 90 DIVIDEND PER SHARE


GOLOMT BANK WILL DISTRIBUTE MNT 90 DIVIDEND PER SHARE

Golomt Bank Board of Directors adopted the decision to allocated dividend from the 2023 net profit after tax at their irregular meeting dated 14th February, 2024.   Golomt Bank made a net profit of MNT 180.8 billion, an increase of 80 percent or MNT 80.3 billion from the same period of the previous year, exceeding the net profit forecast at the time of the IPO by 44 percent. Therefore, in accordance with Article 46.1 of the Company Law of Mongolia, Clause 5.3 and 9.2.12 of Golomt Bank’s Charter, and the decision adopted during the irregular Board of Directors meeting, MNT 90 for each ordinary share  or 40 percent of the net profit of 2023, totaling MNT 72.8 billion, has been decided to be distributed to shareholders in the form of cash dividends.

The registration date of shareholders qualified for dividend allocation shall be consistent with the date of the Annual General Shareholders’ Meeting (AGM) registration date, and the dividends will be processed through the Mongolian Central Securities Depository (MCSD) into each individual shareholder’s account 60 (sixty) days after permission to allocate dividends is provided by the respective regulator.

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