Golomt Bank, one of Mongolia’s leading financial institutions, has been awarded the prestigious Straight-Through-Processing (STP) Award Certificate by BNY, a global financial services company. This recognition highlights Golomt Bank’s exceptional performance in formatting and processing international payments through SWIFT in 2024.
BNY’s STP Award Certificate is presented to banks that achieve above-average benchmarks for payment formatting in processing commercial and trade finance payments with minimal manual intervention. Golomt Bank’s consistent adherence to high SWIFT standards has contributed to above-average payment efficiency across the country.
STP enables automated payment execution and reduces human error, processing time and operational costs—benefiting all stakeholders involved. With robust IT infrastructure, experienced personnel, and reliable delivery channels, Golomt Bank is well-positioned to continue delivering world-class service to both individual and corporate clients.
In the first half of 2025, Golomt Bank facilitated over 35% of Mongolia’s international transactions, partnering with 28 international financial institutions across Asia, the United States, the Middle East and Europe. The bank currently offers financial products and services in 15 currencies, ensuring smooth cross-border transactions and delivering an exceptional customer experience.
This achievement highlights Golomt Bank’s strategic focus on digital transformation, global connectivity, and service excellence in international banking.
Mongolia’s Global Benchmark Bank