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

  • 4R PRINCIPLE

    We value Rapid action, Requirements and needs, Relationships and Responsibility at all levels of our organization.

    4 R
    01
  • 5C PRINCIPLE

    We will increase productivity through continuous improvements based on the five Capitals.

    7 P
    02
  • 7P PRINCIPLE

    We will continuously advance our Productivity by adhering to our daily operations principles.

    7 P
    03
  • 7 BASIC PRINCIPLES OF GOOD GOVERNANCE

    Transparent, Accountable, Effective, Fair, Independent, Accessible, and Participatory.

    7 P
    04
  • PRINCIPLE FOR DECISION MAKING:

    We will implement a 4-step approach, backed by quantitative and qualitative criteria to effectively address issues facing any level of the organization.

    7 P
    05
  • PRINCIPLE FOR IMPLEMENTING DECISIONS AND PLANS

    Decisions made at management and all other levels will be implemented through four phases and have a continuous cycle.

    7 P
    06

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