About us
Ochir Undraa OMZ NBFI is a nationally invested company established in 2008. Since its establishment, the company has been contributing to the development of the country’s financial sector; to date, it has issued more than MNT 250 billion to over 35000 customers, thus helped creating 6000 jobs; its total assets reached MNT 40.6 billion, with an equity of MNT 30.3 billion and it has contributed MNT 3.3 billion to the state budget by paying taxes.
We strive for steady development through introducing advanced technology and innovative products and services that meet the needs of our customers, and through providing business and consumer loans, currency trading, and trust services to our customers at the highest professional level, thus maximizing the stakeholder satisfaction.
Our values
Vision
To become the most efficient financial institution.
Mission
To be an ethical business that combines acumen with innovation, continuously increases its value and productivity, values sustainability, and appreciated by its customers for its comprehensive financial products and services.
Values
- Integrity
- Creativity
- Responsibility
- Competitiveness
- Reputation
Guiding principles for business activities
Our history
2008
On June 8, 2008, Ochir Undraa OMZ NBFI was established with 100% national investment.
2009
Obtained a license to provide trust services
2010
Auto/car loans were first introduced to the market.
2012
Opened our first branch in Bayangol district.
2014
A cooperation agreement has been signed with the loan guarantee fund.
The company's structure was reorganized and a Board of Directors was established as a new function.
2016
Opened a branch in Bayanzurkh district.
Launched a new online service that allows you to submit loan applications, view account statements, and make transactions.
2017
The first rural branch opened in Erdenet city.
Implemented projects into to the target market, including Mongolian label, a hand of faith and academic source.
2018
ISO 9001: 2015 international standard was first launched in the non-bank financial sector.
Launched Polaris financial accounting system.
Opened a branch in Khan-Uul district.
2019
Introduced a new Mobile based application “Internet credit card product” to the market.
2020
Obtained permission for Electric Payment and Money Transfer.
2021
Build an online Loan system.
Our success
2010
Top 10 NBFI and “Business Excellence Award” by Mongolian National Chamber of Commerce
The Best Corporate Customer by “Golomt Bank”
2011
Top 10 NBFI and “Business Excellence Award” by Mongolian National Chamber of Commerce
2012
Top 10 NBFI and “Business Excellence Award” by Mongolian National Chamber of Commerce
“The Subsidiary of the Year” by Ochir Undraa Group
2013
Top 10 NBFI and “Business Excellence Award” by Mongolian National Chamber of Commerce
“Investor of the Year” award by Mongolian Non-Bank Financial Institutions’ Association
2014
Top 10 NBFI and “Business Excellence Award” by Mongolian National Chamber of Commerce
2015
“Entrepreneurship Spirit” Mark of Respect of Mongolian National Chamber of Commerce
“The Investor of the Year” award by Mongolian Non-Bank Financial Institutions’ Association
The Best Taxpayer of Sukhbaatar District
2016
“Entrepreneurship Spirit” Mark of Respect of Mongolian National Chamber of Commerce
“The Organization with the Best Products and Services” Mongolian Non-Bank Financial Institutions’ Association
The “Cup Winner” team of the Mongolian Non-Bank Financial Institutions’ Association's 2016 basketball tournament
2018
MNCCI's “Best Entrepreneur of the Year” with good corporate governance
“The Best Financially Accessible Organization” of the year by Mongolian Non-Bank Financial Institutions’ Association
2019
“The Best Organization with Corporate Social Responsibility” by Mongolian Non-Bank Financial Institutions’ Association
MNCCI's “Best Entrepreneur of the Year” with good corporate governance
“The Subsidiary of the Year” by Ochir Undraa Group