"GOLOMT BANK" JSC offered 10.09 percent of its shares or 80,402,743 shares to the public at MNT 1,285 each in the primary market trading from November 23 to 30, 2022. Due to the high demand for subscriptions, 15% of the shares offered to the public, or 12,060,411 shares were additionally issued, and a total of MNT 118.8 billion was raised from the public.
The issuer planned to finance the bank's main product- lending, from the MNT 118.8 billion raised by IPO, minus the direct costs related to the issuance of securities.
Disbursement on raised capital -MNT 118,815,152,890 /as of June 30, 2023/:
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Business loans for corporates: MNT 23.6 billion
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Business loans for small and medium enterprises and individuals: MNT 16.4 billion
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Consumer loans: MNT 13.1 billion
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Mortgage loans: MNT 10.1 billion
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Currently, MNT 53.5 billion which is not disbursed, has been placed in the securities of the Central Bank of Mongolia and will be disbursed as loans in the future, according to the plan.
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MONGOLIAN STOCK EXCHANGE