TransBank’s total assets steadily increased to 985 billion MNT, with after-tax net profit rising by 88% year-on-year to reach 8 billion MNT.

During the reporting period, the bank fully complied with the regulatory capital adequacy requirements set by the Bank of Mongolia, with a quick ratio of 30.2% and a capital adequacy ratio of 23.9%.

Highlights of TransBank’s activities in Q3 2024 include:

• Through its representative offices in Beijing and Tokyo, the bank introduced innovative products and services tailored to meet the financial needs of its clients.
• Successfully implemented the international information security standard ISO/IEC 27001:2022, ensuring business continuity and operational stability.
• Expanded its private banking services in line with international best practices and opened a new branch in Minister Tower, located at the city center, to provide more accessible financial services to clients.

Dear valued clients, you are welcome to visit TransBank’s new branch, where you can conveniently access all banking services in one location with prompt and efficient service.

Click HERE to view the detailed Q3 2024 financial report.