TransBank is pleased to announce its financial results for the first quarter of 2024.

As of the end of the reporting period, the Bank’s total assets remained stable at MNT 1.1 trillion, while net profit after tax reached MNT 5.7 billion, representing a 60% increase compared to the same period of the previous year.

Throughout the reporting period, TransBank fully complied with the prudential ratio requirements set by the Bank of Mongolia. In particular, the liquidity ratio stood at 30.1%, and the capital adequacy ratio was 23.0%. The Bank’s deposit and current account portfolio reached MNT 737 billion, while its loan portfolio expanded to MNT 706 billion, reflecting strengthened cooperation with clients and partners.

To view the full Q1 2024 financial report, please CLICK HERE.