TransBank Presents Its Financial Report for Q2 2024

TransBank recorded a net profit after tax of MNT 5.5 billion for the second quarter of 2024, reflecting a 92% increase compared to the same period last year.

The Bank fully complied with all prudential ratio requirements set by the Bank of Mongolia during the reporting period. Notably, its liquidity ratio stood at 30.8%, while the capital adequacy ratio reached 24.3%.

Key Highlights of Q2 2024:

1. In collaboration with UNION BANCAIRE PRIVEE (UBP), a leading Swiss private bank, TransBank introduced Wealth Management services, offering clients access to premium asset management solutions.
2. Moody’s, the international credit rating agency, reaffirmed the Bank’s credit rating at the “B3” level.
3. TransBank became the first Mongolian private bank to officially establish and launch operations through a representative office in the People’s Republic of China.
4. The Bank also introduced the “Billionaire Pure Metal” card, Mongolia’s first high-end stainless steel card made from pure metal, setting a new standard in premium banking products.

As Mongolia celebrates the 100th anniversary of the establishment and development of its banking system, TransBank extends its sincere gratitude to our clients and partners for their continued trust and collaboration.

Click HERE to view the full financial report for Q2 2024.