Abu Dhabi Investment Council Wants Money Back From Golomt Bank

Posted on 01/30/2014


The Abu Dhabi Investment Council (ADIC) is desiring to sever ties with Mongolia’s biggest private lender, Golomt Bank. Created in 1995, Golomt Bank is 84.6% owned by Bodi International LLC, an industrial conglomerate. Other key investors include Credit Suisse, Swiss-Mo (owned by Urs Schwarzenbach) and Trafigura Beheer B.V. The Ulaanbaatar-based bank and ADIC are arguing […]