Mr. Amarbayasgalan.E, Director, Investment Banking Division, Golomt Bank

1. Banking and Mining Sector
Mr. Amarbayasgalan Enkhsaikhan
Director of Investment Banking Division

2. Macro Economy / Investment Environment
2
 Mongolia’s economy grew by 5.3% in H1’2014
 Mining grew by 16.1% YoY due to OT production
 Agriculture is up by 16.3% YoY
 Logistics grew by 11.9% YoY
 Retail is down by 12.3% YoY
Source: World Bank
Mongolian GDP growth Mongolian trade deficit
(710)
(252) (292)
(1,781)
(2,354)
(2,089)
(156)
(2,500)
(2,000)
(1,500)
(1,000)
(500)
-
2008 2009 2010 2011 2012 2013 2014 6
сар
MlnUSD
Source: NSO
Agriculture, fishery, hunting 16.30%
Mining 16.10%
Processing 0.30%
Electricity, gas 1.30%
Construction -1.80%
Retail and automotive service -12.30%
Logistics and storage 11.90%
Communications 2.50%
Other Services 7.20%

3.  Trade between Mongolia and China to reach
$10B by 2020 (Source: Xinhua News)
 mining, infrastructure, processing of mineral
products, energy, agriculture, tourism, com
munications, border ports, currency
swap, and cross-border economic
cooperation zones
 Trade between Mongolia and Russia to reach
$10B by 2020 (Source: Aljazeera America)
 Negotiations to begin on Mongolian exports
to Russia without tax or customs for the
next 20 years
 Visa-free travel
 Ulaanbaatar Railways
 Mining and infrastructure
Economic Forecast
3
Economic outlook:
17.5%
12.4%
11.7%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
2010 2011 2012 2013 2014 2015 2016
30% 50%70%90%
Confidence interval:
Source: Golomt Bank estimate
Median:
2014: 8.3%
2015: 8.8%
2016: 9.1%
GDP forecast

4. Banking and Mining sector growth comparison
4
Source: NSO, Bank of Mongolia
(Bln MNT)
 Mongolia’s banking sector is directly correlated to the mining sector
 Spill over effect of mining investments affect other industries such as retail, real estate and logistics etc
-200
0
200
400
600
800
1000
1/31/2009 1/31/2010 1/31/2011 1/31/2012 1/31/2013 1/31/2014
Mining sector sales Banking sector profit

5. Banking Sector
5
2.5%
0.7%
5.5%
7.0%
3.0%
12.4%
2.2%
6.2%
4.8%
4.3%
0% 5% 10% 15%
Finance, in…
Real estate
Communic…
Hospitality
Construction
Logistics
Agriculture
Processing
Trade
Energy
Mining
Loan qualities by industry
14
19
27
39
41
81
207
257
543
- 100 200 300 400 500 600
Hospitality
Finance, insurance
Logistics
Agriculture
Communications
Mining
Trade
Construction
Real estate
Loans in 2014 by industry (MNT bn)
Mining loans are
small
Source: BoM, Golomt Bank
Source: BoM, Golomt Bank
Past-due %

6. Mining Loans
6
Source: Bank of Mongolia
72.0
116.4
97.1
44.5
29.0
12.8
8.8 10.4
-
20.0
40.0
60.0
80.0
100.0
120.0
140.0
Golomt
Bank
Khan
Bank
TDBank Xac Bank State
Bank
UBC
Bank
Capital
bank
Others
SINGLE BORROWER LIMIT OF BANKS
(All Industries)
20.2%
79.8%
GOLOMT BANK LOANS OUTSTANDING TO THE
MINING SECTOR
Golomt Bank
Other banks
 Low number of mining loans because:
 Domestic interest rate is high due to high funding costs
 Mongolian banking sector’s size
 Foreign investments are preferred by miners

7. Banking Sector
7
Banking sector growth
21.5%
34.8%
23.9%
19.9% 18.2%
1.2% 2.4% 1.9%
1.4%
1.3%
11.5%
5.8% 4.2% 5.3% 4.6%
0.0%
10.0%
20.0%
30.0%
2010 2011 2012 2013 H1 2014
ROAC ROAA NPL(bln MNT)
Banking sector ratios
0%
10%
20%
30%
40%
50%
60%
70%
80%
2011 2012 2013 2014
Money supply growth
Loan growth
Money supply and loan growth rate (YoY)
Source: NSO, Bank of Mongolia
Source: NSO, Bank of Mongolia
Source: NSO, Bank of Mongolia
0
5000
10000
15000
20000
25000
Total asset Net loan Total capital

8. Golomt Bank Overview
8
18.1%
22.2%
22.9%
8.7%
9.1%
5.7%
3.7%
9.8%
Golomt
Khan
TDB
Xac
State
Ubcity
Capital
Others2014 Jun
2013
Banking Sector Market Shares
 3rd Largest Mongolian Bank
 “B” Rated by Standard & Poor's
 Professional Corporate Team for Mining Business
 Cooperation with all Biggest Mining Companies in
Mongolia
 Leading Financing Service Provider for mining
companies
 Excellent Advisor Team for Foreign and Local
Investors
Golomt Bank
0.0%
5.0%
10.0%
15.0%
2010 2011 2012 2013 H1 2014
Banking sector
Golomt
NPL
0.0%
10.0%
20.0%
30.0%
40.0%
2010 2011 2012 2013 H1 2014
Banking sector
Golomt
ROAC
Source: Bank of Mongolia, Golomt BankSource: Bank of Mongolia, Golomt Bank
Source: Bank of Mongolia
2012

9. 54.4
101.7
134.6
162.7
200.1
2009 2010 2011 2012 2013
9
Capital management
We have achieved high growth with sound capital structure
Total Capital
(US$ million)
High Liquidity with Well-Managed LDR
63.5 59.6
67.9 69.4 71.5
2009 2010 2011 2012 2013
(%)
CAR and Tier 1 Ratio
(%)
13.4 13.5 12.9 13.3
16.7
10.9
8.8 9.5
11.2
12.6
2009 2010 2011 2012 2013
CAR Tier1
30% 38%
70% 62%
All Banks
Other Assets Liquid Assets
Asset Split (2013)
USD 12.6B USD 2.2B
(%)

10. Golomt Bank Highlights
Recognition
“Best Bank Of Mongolia 2013” Global Finance
“Best Internet Bank Of Mongolia 2014” Global Banking and Finance Review Awards
“Best Retail Bank Of Mongolia 2014” Global Banking and Finance Review Awards
“Entrepreneur Of The Year 2013” Mongolian National Chamber of Commerce and Trade
 Electronic banking
 Premier banking
 Issue credit cards
 Implement “Finacle” core banking system from Infosys Corporation
 Western Union Money Transfer Service
 Compliant with the Foreign Account Tax Compliance Act (FATCA)
 First Custodian Bank
 Investment Banking
The first Mongolian bank to:
10

11. Golomt Corporate Banking
Golomt Bank’s corporate banking portfolio
Investment Banking
We provide innovative & comprehensive
financial advisory, capital raising, structured
financing, risk management and execution
services to our clients.
• Corporate advisory and Capital raising
• Project Finance and ECA financing
• Custodian service
Corporate Banking
As a leading bank for corporate clients, we
provide cost-efficient and tailor made financing
solutions for our clients’ financing needs:
• Mining
• Pre-export financing
Corporate solutions
19.0%
17.2%
16.5%
16.2%
15.8%
4.1%
11.3%
Mining &Exploration Electricity & Oil
Manufacturing Trade - Whole & Retail
Construction Tourism
Others
11
Source: Golomt Bank

12. Golomt bank in Mining Sector
12
 Working Capital Facilities
 Short-term Capital Investment Loans
 Co-Finance and Syndicated Loans
 Project finance
Mining projects and Supply Chain Financing
 Trade Finance Instruments
 Pre-export financing
 Equipment import LC
 Payment guarantee

13. Projects to be implemented by
PPP method (Concession list)
7
18
2
2
12
4
82
1
4
Infrastructure
Road construction
Pipeline
Airport
Energy
Environmental
Education
Healthcare
Leisure
Projects submitted to low-interest
Government Loan Program (by size)
47.4%
11.2%
11.2%
9.7%
5.4%
Construction material Mining
Metallurgy & combustion Food & beverage
Energy Chemical
Light industry Leather, Cashmere and Wool
Healthcare
13
Project financing needs
Source: Development Bank of Mongolia
Source: http://www.med.gov.mn/

14. 14
Correspondent Banking & Trade Finance
Business alliance with over 30 reputable global financial institutions
•Agriculture bank of China
•Bank of China
•Baoshang Bank
•China Construction bank
•Industrial Commercial Bank of China
•China Citic Bank
•Bank of Inner Mongolia-China
•Mizuho Bank Ltd
•Sumitomo Mitsui Banking Corporation
•Bank of Tokyo Mitsubishi UFJ, Ltd
•Australia and New Zealand
Banking Group Limited
•Canadian Imperial bank
of Commerce
•Commerz Bank AG, FF/AM Main
•Deutsche Bank AG
•BHF-Bank AG, Frankfurt am Main
•KazKommerts Bank
•Korea Exchange Bank
•Shinhan Bank, Seoul
•Kookmin Bank, Seoul
•Daegu Bank
•Bank of China (Hong Kong) Limited
•Land Bank of Taiwan
•Taiwan EXIM Bank
•Sber Bank, Russia Baikalsky Office
•Sber Bank, Russia, Moscow head office
•JSC Bank of Foreign Trade
•Russian Agricultural Bank
•United Overseas Bank Limited
•DBS Bank
•Barclays Bank PLC
•Standard Chartered Bank
•Deutsche Bank Trust Company
Americas
•Marsheq Bank
•Atlantic Forfaiterungs AG
•Nordea Bank Finland PLC
•Banco popolare DI
Vicenza SCPA
•SACE
•Kuveyt Turk Katilim
Bankasi A.S
•Hungarian EXIM Bank
•BNP Paribas
•Asian Development Bank

15. 15
Golomt Bank as a custodian
Amarbayasgalan Enkhsaikhan
Director of Investment Banking Division
Golomt Bank
Email: amar@golomtbank.com
Mobile: +976 – 9910 8339
Tel: +976-70117676 /1405/
Contact details: