Dear Valued Shareholders,

As we reflect on the past year and look toward the future, I am proud of the progress we continue to make at Golomt Bank.

Last year marked the 30th anniversary of our bank, a milestone that not only celebrates our legacy but also highlights the resilience and steady progress we achieved throughout 2025.

In my second annual letter to shareholders, I continue my commitment to providing a clear and transparent view of our business, including our operations, strategic priorities, and the key developments shaping the Mongolian economy, the banking sector, and Golomt Bank itself.

My objective remains unchanged to present a clear vision for our future as we continue our journey toward becoming a global benchmark bank. I hope that this letter conveys my confidence in our direction and optimism  about the opportunities ahead.

In this letter, I highlight three key areas shaping our outlook and strategy:

• The evolving macroeconomic landscape and its impact on Mongolia’s banking sector
• Golomt Bank’s performance and progress against our strategic priorities
• Our strategic focus as we move into 2026 and beyond

Our ambition remains clear. We are building a resilient, innovative, and globally connected financial institution that supports Mongolia’s long-term economic development.

1. Macroeconomic Environment: A More Complex Year for Mongolia

While 2024 was characterized by strong domestic demand and rapid credit expansion, 2025 presented a more complex and volatile economic environment for Mongolia.

External conditions factors played a decisive role. A slowdown in China’s real estate sector reduced industrial demand across the region, while renewed trade tensions and tariff policies of the major economies contributed to volatility commodity markets. Given that Mongolia’s economy is highly dependent on its commodity exports, the declining coal prices in the first half of 2025 posed a significant threat to export revenues and created ripple effects across industries linked to mining.

However, Mongolia’s economic fundamentals remained resilient. As the coal prices stabilized at steady level with increased export volumes, reaching a record 89.7 million tons, the trade balance resulted in surplus of USD 5.9 billion. The underground production of Oyu Tolgoi played significant role in supporting the mining growth with the substantial increase in copper extraction, further strengthening Mongolia’s external position.

The agricultural sector also emerged as an important source of resilience. Favorable weather conditions and a strong recovery from the severe dzud of the previous year allowed agriculture to offset part of the broader economic slowdown.

The external environment pressures were  also influence reflected in Mongolia’s currency and balance of payments. During the first half of 2025, the Mongolian tugrik remained under pressure as amid weaker export revenues weakened, triggering wider deficits in the balance of payment. Conditions improved later in the year as several supportive factors emerged. Foreign currency inflows increased through international bond issuances, strengthening market liquidity. In addition, coal border prices improved toward year-end following policy adjustments in China aimed at reducing domestic steel overproduction.

Even with these improvements, the trade environment remained sensitive to external developments, highlighting the structural vulnerability of Mongolia’s export-driven economy.

The decline in lower coal-related revenues also affected Mongolia’s fiscal position. To manage the a narrowing mining revenue base from the mining sector, the government implemented budget-tightening measures, resulting in a projected fiscal deficit of approximately ₮1.4 trillion for in 2025.

Looking ahead, fiscal policy is expected to remain more disciplined. The 2026 state budget is projected at ₮33 trillion, representing only a modest increase compared with the rapid spending growth of the previous five years, when expenditures expanded at an average annual rate of nearly 30 percent. This shift toward restraint is likely to help stabilize inflation and strengthen macroeconomic conditions.

Inflation remained one of the central economic challenges during throughout 2025. Price pressures consistently exceeded the Bank of Mongolia’s target range of 6 percent +/- 2 percentage points. Supply-side factors, including reduced meat production and adjustments to administrated utility prices, contributed to persistent inflation.In response, the central bank adopted a tight monetary stance, raising the policy rate to 12 percent in March 2025 and maintaining it throughout the year. As a result, growth in money supply, deposits, and lending slowed compared with the rapid expansion seen in 2024.

This tighter monetary environment had a direct impact on the banking sector. After expanding by more than 35 percent in the previous cycle, credit growth slowed to 18.9 percent in 2025. Nevertheless, the banking sector continued to expand, with total outstanding loans reaching ₮44 trillion, up from ₮27.4 trillion in 2023.

Consumer lending remained the largest component of the loan portfolio at ₮26 trillion, while corporate loans grew to ₮17.2 trillion. Rapid growth in household borrowing introduced new risks, with loans requiring close monitoring increased by 41.3 percent to ₮700 billion, while individual non-performing loans rose 58.5 percent to ₮925 billion. Despite this, the overall sector NPL ratio remained stable at approximately 5.1 percent, supported by continued loan growth.

Encouragingly, asset quality improved in several corporate sectors. Construction, manufacturing, and agriculture all recorded declining NPL ratios, reflecting stronger performance and improved credit discipline.  These developments were also reflected in positive rating actions and improved outlooks by Moody’s, S&P Global Ratings, and Fitch Ratings in 2025, supporting confidence in Mongolia’s sovereign credit profile and the resilience of the banking sector.

Macroprudential Measures in 2026

To address rising household leverage and safeguard financial stability, the central bank introduced additional macroprudential measures at the beginning of 2026. These included reinstating a debt-to-income limit of 45 percent for consumer lending and increasing the reserve requirement ratio to tighten liquidity and moderate credit growth. These steps are intended to reduce systemic risk while preserving long-term financial stability.

2. Continued Progress and a Positive Trajectory

Strengthening Our Global Capital Markets Presence and Funding Base

Building trust with our investors and stakeholders has been a fundamental priority for Golomt Bank, grounded in our belief that long‑term success is built on transparency, consistency, and open dialogue. Over the past year, we continued to strengthen this foundation by further enhancing our Investor Relations function in line with international best practices. Through accessible, timely, and high‑quality disclosures, a clearly structured and publicly available Investor Relations calendar, regular earnings calls, and comprehensive investor materials, we sought to provide clear and meaningful insights into our performance, governance, and strategic direction.

We also deepened our engagement with the global investment community by hosting and co‑organizing a series of high‑level investor events in leading financial centers, including Singapore, New York, London, and Hong Kong. These forums provided valuable opportunities for institutional investors, analysts, and strategic partners to engage directly with our senior leadership, gaining a deeper understanding not only of Golomt Bank’s vision, growth strategy, and long‑term ambitions, but also of Mongolia’s broader economic trajectory. In parallel, our management team maintained close and continuous dialogue through one‑on‑one and small‑group meetings, further strengthening relationships and reinforcing confidence in the Bank’s governance and leadership. As a result, we deepened trust with our existing investors while also welcoming new international participants, broadening and diversifying our investor base and ensuring that small shareholders continued to benefit from transparent and inclusive communication.

Supported by this growing level of trust, Golomt Bank further strengthened Mongolia’s presence in international capital markets. Building on the momentum of our successful global benchmark issuance in 2024, we achieved two significant milestones in 2025 that marked important steps forward in our long‑term funding strategy and international positioning.

The first milestone was the issuance of green and social bond listed on the Luxembourg Stock Exchange, marking the first ever Mongolian listing on this leading international exchange. Issued with a five‑year maturity and an 8 percent coupon, this transaction represents strong global recognition of Golomt Bank’s commitment to sustainable development and responsible finance. Beyond expanding our international funding base, the issuance supports Mongolia’s broader sustainability objectives and reinforces our role in mobilizing capital for environmentally and socially impactful projects.

The second milestone was the successful issuance of Mongolia’s first ever private‑sector Samurai bond in Japan. Issued at JPY 15 billion, or approximately USD 100 million, the bond was issued with a three‑year tenor at a highly competitive yield of 1.85 percent, attracting participation from more than 30 Japanese institutional investors. This transaction underscored growing confidence among sophisticated international investors in both Golomt Bank’s credit quality and Mongolia’s financial sector.

As the issuance coincided with Golomt Bank’s 30th anniversary, we named the transaction Project Sanju, meaning “thirty” in Japanese. This landmark achievement marked a historic first for a Mongolian private‑sector institution and reflected the rising international trust placed in Golomt Bank and in the strength, stability, and future potential of Mongolia’s financial system.

Golomt Bank has continued to deepen our partnerships with leading development finance institutions. Throughout the year, we worked closely with the International Finance Corporation and the European Bank for Reconstruction and Development to support micro and small enterprises, as well as green and sustainable projects across Mongolia. These collaborations not only strengthened our funding base but also reinforced our commitment to inclusive and environmentally responsible economic growth.

Together, these efforts contributed to a more diversified investor and funding profile and supported a 23 percent increase in total deposits and funding, which reached 17.2 trillion tugriks by year‑end, further strengthening the Bank’s financial resilience and capacity for sustainable growth.

Delivering Strong Financial Performance with Disciplined Risk Management

Our 2025 results reflect the strength of our core business and the benefits of a disciplined, long-term approach to risk management.

Total assets increased by 23 percent year on year to ₮19.2 trillion, representing  approximately 22.3 percent of total banking sector assets. Our loan portfolio grew to ₮8.3 trillion, reflecting 11 percent annual growth, driven primarily by our consistent focus on SME lending, a segment that remains critical to Mongolia’s economic development.

Following several years of strengthening our risk governance framework and tightening credit standards, we are now seeing the full benefit of those efforts reflected in improving asset quality. Our non‑performing loan ratio declined to 2.5 percent, the lowest in the banking sector, while our NPL coverage ratio remained strong at 101.7 percent, underscoring the resilience of our balance sheet. By IFRS accounting standards, Stage 3 non‑performing loan ratio fell from 4.4 percent in 2024 to 3.28 percent in 2025, supported by a 20 percent reduction in total Stage 3 loans. These results reflect disciplined underwriting, proactive portfolio management, and effective recovery actions, reinforcing the Bank’s sound risk profile and long‑term financial strength.

Strong balance-sheet growth and sound asset quality translated into solid profitability. Golomt Bank generated a net profit of ₮330.4 billion in 2025, delivering a return on average equity of 23.8 percent and a return on assets of 2.3 percent. At the same time, we maintained a cost-to-income ratio of 47.2 percent, demonstrating continued focus on operational efficiency.

Total equity increased by 18 percent to ₮1.7 trillion, further strengthening our capital base and supporting future growth.

Building a Leading SME Banking Franchise

In 2025, under the theme “A Supporter of Small and Medium Enterprises,” Golomt Bank reaffirmed its long‑standing commitment to strengthening the backbone of Mongolia’s economy, its micro, small, and medium‑sized enterprises. With a clear focus on building deeper and more durable partnerships, we introduced a range of targeted initiatives designed to accelerate business growth, expand access to finance, and support entrepreneurs across the country. These efforts reflect our firm belief that strong MSMEs are essential to sustainable and inclusive economic development.

As a result, our loan portfolio extended to micro and small businesses increased by 26 percent, demonstrating both robust demand from entrepreneurs and our continued dedication to meeting their financing needs. At the same time, funding mobilized from MSME clients grew by 24.3 percent, underscoring the growing trust business owners place in Golomt Bank not only as a lender, but as a long‑term financial partner. By refining product features, simplifying application processes, and offering more flexible financing structures, we enabled thousands of enterprises to invest in expansion, acquire new equipment, and pursue new business opportunities.

Supporting women entrepreneurs remains a key priority and an essential driver of inclusive growth. In 2025, lending to women‑led businesses increased by 28.4 percent, reflecting the effectiveness of our targeted approach under the initiative “A Bank Supporting Women Entrepreneurs.” Beyond financing, we placed strong emphasis on capacity building through training programs, mentorship, and networking initiatives, including the launch of the Women Owned trademark in collaboration with the Mongolian Chamber of Commerce. To date, more than 90 organizations have adopted the Women Owned conformity mark and are actively integrating it into their business activities. These efforts are further reinforced through initiatives such as SheLeads and our Mentorship Program, which connects entrepreneurs with senior business leaders. Together, these initiatives underscore Golomt Bank’s deep and sustained commitment to empowering entrepreneurs, fostering inclusivity, and strengthening the foundation of Mongolia’s economy.

Investing in Digital Capabilities and Innovation

Digital innovation remained a strategic priority for Golomt Bank in 2025 as we continued to invest in technologies that enhance customer convenience, operational efficiency, and service quality. We introduced Google Pay to the Mongolian market, enabling seamless and secure contactless payments, and enhanced our SocialPay platform to support WeChat QR payments in China via UnionPay cards, significantly improving cross‑border payment convenience for our customers. At the same time, we accelerated the modernization of our branch network by deploying self‑service kiosks across 66 branches, migrating approximately 30 traditional services to digital platforms, introducing online branch registration, and meaningfully reducing customer waiting times while improving operational efficiency.

Alongside these initiatives, Golomt Bank continued to invest strategically in Artificial Intelligence and Generative AI, integrating advanced solutions across our branch network, digital channels, and internal operations. We are introducing a personalized AI assistant across digital channels, including mobile banking and the SocialPay digital wallet, enabling customers to monitor personal finances, create and track budgets and financial plans, receive reminders for upcoming payments, make payments on demand, and strengthen financial literacy. These capabilities are reinforced by an AI‑powered contact center that supports more than 30 banking services through chatbots, delivers timely responses to customer inquiries, and applies sentiment analysis to continuously enhance customer experience.

To mark our 30th anniversary, we further reinforced our commitment to innovation by fully refreshing our card portfolio and introducing the Universe card series. Designed to symbolize boundless space and time, the Universe cards place the world of finance directly in customers’ hands and serve as a trusted financial companion wherever they may be. Beyond their distinctive design, the cards offer enhanced functionality, allowing customers to independently manage transaction limits, extensions, and transfers through SocialPay and Internet Banking without visiting a branch. Built to the highest standards of security and reliability for seamless domestic and international use, the Universe cards feature customer‑centric design innovations aligned with global card trends. Together, these initiatives reflect Golomt Bank’s continued commitment to delivering smarter, more secure, and more customer‑centric banking experiences through technology and design excellence.

Sustainability and Responsible Banking

At Golomt Bank, corporate citizenship and sustainable value creation are deeply embedded in our long‑term strategy. Over the past year, we have continued to advance a broad range of social and environmental initiatives that reflect our commitment to responsible banking, inclusive growth, and the long‑term well‑being of the communities we serve.

As the country’s designated Water Ambassador organization, we took a significant step toward strengthening environmental resilience by launching the Bumbat Retention Pond Project in partnership with public authorities. The project will establish a 16.9 thousand cubic meter retention pond, contributing meaningfully to Ulaanbaatar’s water security by increasing surface water reserves, reducing flood risks, and enhancing overall climate resilience, while also supporting soil protection and the expansion of green infrastructure. Importantly, the retention pond is expected to help protect 3,191 households, or approximately 9,810 citizens, from potential flood‑related risks, while also increasing ambient air humidity and reducing dust levels, generating positive environmental and public health benefits. Designed not only as critical environmental infrastructure but also as a shared community asset, the project includes the development of a landscaped public park that will be accessible to citizens, reinforcing our commitment to sustainable and inclusive urban development.

Our environmental commitment also extends directly into households through the Eco Heat Pump Project, which addresses one of Ulaanbaatar’s most pressing challenges air pollution. By supporting 300 households in highly polluted ger districts to transition from coal based heating to energy efficient heat pump solutions, the project is expected to eliminate approximately 840 tons of coal consumption annually and reduce 2,100 tons of CO₂ emissions, an impact equivalent to planting around 95,000 trees. Beyond its environmental benefits, the initiative is already improving household safety, comfort, and overall quality of life, demonstrating how sustainable finance can deliver tangible, everyday benefits to families.

Social inclusion remains a central pillar of our responsibility agenda. We strengthened this commitment by formalizing a close partnership with the Equal Accessibility Trust NGO, working together to expand access to financial literacy, entrepreneurship opportunities, and inclusive financial solutions for persons with disabilities. This meaningful collaboration was recognized through the inaugural Star of Trust Award, highlighting Golomt Bank’s dedication to building a financial system that serves all members of society with dignity, equity, and fairness. In parallel, we have been working in partnership with the Mongolian Special Olympics Committee and the Ulaanbaatar Rotary Club since 2024, supporting initiatives that promote inclusion, equal opportunity, and community participation. Through these partnerships, we were pleased to contribute to the implementation of the latest phase of the “Opportunities for All” project, further reinforcing our belief that inclusive communities are built by ensuring that everyone is empowered to participate fully in social and economic life.

We also continue to invest in future ready education and human capital development through our support for AI Academy Asia, a long term initiative running from 2025 to 2030 that responds to the growing importance of digital and artificial intelligence capabilities. Over the next five years, the program aims to upskill teachers across Mongolia and develop a national talent pool of 2,500 AI professionals. From 3,998 applicants across 21 provinces, 330 districts, and Ulaanbaatar city, 500 teachers were selected to participate in an intensive three month AI training program. The initiative strengthens teachers’ foundational AI knowledge, promotes responsible and ethical use, and enables practical application of AI tools in teaching, assessment, and content development. From Golomt Bank’s side, we complement this effort by delivering financial literacy training, ensuring that participants graduate not only with technical expertise, but also with essential financial knowledge. At the conclusion of the program, teachers develop AI based projects and share outcomes that benefit their schools and communities. Through these trained educators, more than 10,000 students in both rural and urban areas will gain exposure to AI and be equipped with skills needed for a technology driven economy.

Additionally, we continued to invest directly in Mongolia’s future through education by awarding scholarships to the Top 100 students of the Golomt Bank Student Scholarship Program 2025. Selected from more than 1,000 applicants across accredited universities nationwide, these outstanding students demonstrated exceptional talent, dedication, and potential. This year marked the twenty first year of this long standing program, through which Golomt Bank has awarded a total of 1.5 billion tugriks in scholarships to 2,000 students. We firmly believe that the young generation is the future of Mongolia, and that investing in education is among the most meaningful and lasting contributions we can make to society.

We further strengthened our support for youth development and healthy communities through our Gold Partnership with the Mongolian Volleyball Association, promoting values of teamwork, discipline, resilience, and leadership beyond the field of play. This partnership reflects our belief that investment in sports contributes to physical well being, character development, and social cohesion.

These efforts are reinforced by strong governance, operational excellence, and a people centric culture. Golomt Bank was honored to receive the Best ToC Bank award from national regulators and the Mongolia Sustainable Finance Association, recognizing our leadership in strengthening Mongolia’s sustainable finance framework and integrating international standards and best practices into the financial system. This recognition complements our fourth consecutive Great Place to Work certification and multiple international acknowledgments for operational integrity and efficiency, reflecting the strength of our internal culture and institutional foundations.

Beyond finance, we have continued to invest in initiatives that preserve heritage and strengthen social impact. Golomt Bank has been implementing the “Heritage Sanctuary” project since 2022 in collaboration with the Institute of Archaeology of the Mongolian Academy of Sciences and the Research Institute of Gandan Tegchenling Monastery. Through this initiative, the Bank is making a tangible contribution to preserving Mongolia’s cultural heritage and ensuring that the country’s history is authentically passed on to future generations. Archaeological excavations and research have been conducted at several historically significant sites across Ulaanbaatar and Bulgan and Arkhangai provinces, resulting in the discovery of more than 3,000 artifacts of considerable historical and scientific value, including rare architectural ceramics, a thirteenth‑century gold coin linked to the era of Munkh Khan, and uniquely preserved Mongolian script manuscripts. While research at some sites is ongoing, these findings have already reshaped academic understanding of certain historical periods and sites. The Heritage Sanctuary project stands as one of Golomt Bank’s most meaningful social responsibility initiatives, reflecting our long‑term commitment to safeguarding Mongolia’s cultural legacy and promoting its historical significance both domestically and internationally.

In addition, our long standing support for the Heart Never Forgets initiative has reached 450 million tugriks since 2020, including funds mobilized through Gold Forum 2025, reinforcing our commitment to compassionate and purpose driven engagement with society.

Together, these initiatives reflect Golomt Bank’s unwavering commitment to creating long term environmental, social, and economic value, strengthening trust, empowering communities, and contributing meaningfully to Mongolia’s sustainable development.

3. Looking Ahead: 2026 and Beyond

The global economic outlook remains uncertain, and geopolitical tensions continue to rise. In this environment, Mongolia is likely to face a mix of meaningful opportunities and complex challenges.

Macroeconomic Outlook

As we look ahead, Mongolia’s macroeconomic outlook remains broadly balanced, though not without risks.

Real GDP growth is projected at approximately 5.5-6.0 percent in 2026, while inflation is expected to remain elevated at around 7.4 percent. This reflects ongoing supply-side pressures and continued fiscal expansion. Economic growth will be supported by strong production of mining sector as well as sustained public investment, improving export conditions, and the gradual normalization of external factors.

A key driver of this outlook is the government’s ambitious mega-project development program, which includes 14 strategic projects requiring an estimated ₮42.3 trillion in investment.

If implemented effectively, these projects have the potential to reshape Mongolia’s economic structure by. They could acceleratinge industrial diversification, improvinge logistics and energy capacity, and strengthening the country’s long-term growth potential. At the same time, continued development of large-scale mining assets, including the underground mining of the Oyu Tolgoi, is expected to remain a critical driver of export earnings and foreign currency inflows.

Taken together, these factors dynamics reinforce our view that Mongolia’s long-term growth fundamentals remain intact, supported by resource wealth, rising investment, and a gradual shift toward a more diversified economic base.

Banking and Monetary Policy Outlook

The operating environment for the banking sector in 2026 is expected to remain disciplined and driven by policy considerations.

Inflationary pressures, exchange rate sensitivity, and external uncertainties, particularly those linked to commodity markets and regional geopolitics, will continue to influence monetary conditions. In this context, we expect the Bank of Mongolia to maintain a tight monetary stance, with the policy rate likely to remain close to current levels for much of the year. Liquidity conditions are therefore expected to remain constrained, and credit growth should moderate compared with the elevated growth rates of previous years. This impact will likely be most pronounced in the retail segment, where macroprudential measures and rising household leverage are already weighing on demand.

As a result, we  anticipate more measured growth across both lending and deposits, together with a continued emphasis on asset quality and capital efficiency across the sector.

In this environment, our priority at Golomt Bank remains clear. We will maintain prudent risk management, pursue selective and high-quality loan growth, and continue to support strategically important sectors of the economy while safeguarding financial stability.

Global Conditions and Domestic Implications

The external environment will remain a defining factor in Mongolia’s economic trajectory.

Commodity markets are expected to remain volatile. While coking coal prices are likely to stay broadly in line with 2025 levels of around USD 70 per ton, steady export volumes and strong copper concentrate prices should provide partial support to export revenues and the balance of payments.

At the same time, imports are expected to remain elevated, driven by demand for capital equipment related to infrastructure development and mega-project implementation. This will continue to place pressure on the trade balance and foreign exchange conditions, even as increased foreign investment inflows provide some offset.

Domestically, fiscal spending and dividend distributions are expected to support consumption. However, this may also contribute to persistent inflationary pressures, particularly in food prices, where the agricultural sector remains exposed to climate-related risks.

Geopolitical developments, especially those affecting energy supply chains, will also remain relevant, with potential implications for fuel costs, inflation, and overall economic stability.

Preparing for 2026

Despite these challenges, we view 2026 as a year defined by both opportunity and discipline.

Macroeconomic stability will depend on the interaction between inflation, fiscal policy, and external trade conditions. At the same time, the successful mobilization of capital into large-scale projects will be critical in shaping Mongolia’s medium-term growth path.

At Golomt Bank, we remain focused on navigating the current environment with resilience, selectivity, and strategic clarity, with the dual objective of continuing to support our clients while preserving the strength and integrity of our balance sheet. At the same time, the Bank is actively preparing to expand its international presence, laying the groundwork for broader engagement and deeper participation in global financial markets.

Strategy for 2026

Our strategy remains anchored in long-term value creation and is guided by the following core priorities:

• Expanding our presence in international capital markets by strengthening internal capabilities and positioning the Bank as an internationally recognized financial institution.
• Supporting SMEs and promoting economic diversification by working closely with relevant institutions to create favorable financing conditions, increasing funding for non-mining sectors of the economy, and supporting sustainable growth.
• Enhancing customer experience through expanded VIP and tailor-made services and strengthening personal financial and wealth management offerings for our clients.
• Maintaining a strong focus on risk management by continuously improving internal operations, preserving an optimal balance across customer segments, and safeguarding asset quality and loan portfolio performance.
• Strengthening corporate governance and investor relations by enhancing transparency, reinforcing internal controls and accountability, improving disclosure practices, and operating consistently in line with international standards and best practices.
• Advancing the green transition by delivering on our medium- and long-term targets to reduce greenhouse gas emissions through both operations and financing activities, and by making a tangible contribution to Mongolia’s green economic transition.
• Developing an AI-enabled Virtual Banking model by leveraging artificial intelligence-based banking strategies to deliver personalized financial services, enhance decision-making, and improve overall operational efficiency.

As we move forward, Golomt Bank remains committed to delivering sustainable growth, disciplined risk management, and consistent financial performance for the benefit of all stakeholders. We deeply appreciate the trust and confidence placed in us by our clients and investors, and we look forward to driving continued innovation and responsible expansion in the years ahead.

Beyond 2026

Our approach to value creation is rooted firmly  in the long term.

At Golomt Bank , our values have not changed. We do not manage the bank for short-term market movements. Instead, we view performance over time as the result of consistent investment in our people, systems, and capabilities across both favorable and challenging economic cycles.

At the heart of Golomt Bank’s success are our people. Their professionalism, integrity, and commitment enable us to serve our customers with trust, manage risk responsibly, and evolve continuously in an increasingly complex environment.

The pace of change in financial services is accelerating, requiring us to remain agile, innovative, and forward-looking. Since our founding, Golomt Bank has been a pioneer in Mongolia’s banking sector, and this spirit of innovation continues to shape our future.

As we look beyond 2026, our focus remains on strengthening Golomt Bank as a resilient and future-ready institution that delivers sustainable growth, supports Mongolia’s economic development, and creates enduring value for our shareholders.

At the conclusion of my letter, I would like to take this opportunity to express my sincere appreciation to all who have contributed to Golomt Bank’s journey, including our committed employees, valued customers, shareholders, esteemed board members, and trusted partners, for your continued dedication, confidence, and support, which remain the foundation of our shared success.

Sincerely,

Odonbaatar Amarzaya