| Quarter-2,2016 | |||
| FINANCIAL STATEMENT | |||
| (in thousand of MNT) | |||
| FINANCIAL STATEMENT | 06/30/2016 | ||
| ASSET | |||
| Cash and cash equivalents | 6,859.35 | ||
| Due from banks | 16,895.05 | ||
| Financial investments | 9,140.00 | ||
| Loans and advances to customers (net) | 7,804,425.47 | ||
| Foreclosed assets /net/ | 1,181,325.00 | ||
| Other financial assets | 290,922.49 | ||
| Fixed assets (net) | 737,276.29 | ||
| Intangible assets | 1,132.08 | ||
| Total assets | 10,047,975.73 | ||
| LIABILITIES | |||
| Current account | 109,558.12 | ||
| Savings | 28,307.34 | ||
| Other liabilities | 98,787.01 | ||
| Total liabilities | 236,652.48 | ||
| EQUITY | |||
| Ordinary shares | 16,000,000.00 | ||
| Revaluation surplus | 16,353.39 | ||
| Other components of equity | 27,946.69 | ||
| Retained earnings /loss/ | (6,232,976.82) | ||
| Total equity | 9,811,323.26 | ||
| TOTAL LIABILITIES AND EQUITY | 10,047,975.73 | ||
| INCOME STATEMENT | |||
| (in thousand of MNT) | |||
| INCOME STATEMENT | 06/30/2016 | ||
| Interest income | 7,844.54 | ||
| Interest expense | 952.90 | ||
| NET INTEREST INCOME (1-2) | 6,891.64 | ||
| Net trading gain/loss | (0.02) | ||
| Foreign currency revaulation gain/loss | 538.44 | ||
| Other operating income | 283,040.96 | ||
| Non-interest income | 283,579.38 | ||
| Net operating income | 290,471.02 | ||
| Other operating expense | 245,992.93 | ||
| Profit/loss before provision | 44,478.10 | ||
| Provision expense | 139,357.60 | ||
| Net operating gain/loss | (94,879.50) | ||
| Non-operating income | |||
| Non-operating expense | 416.88 | ||
| Profit Before Tax | (95,296.38) | ||
| Income tax expense | |||
| Net profit | (95,296.38) | ||
| PREDENTIAL RATIOS BY THE BANK OF MONGOLIA | Limit | 06/30/2016 | |
| Capital adequacy ratio | ≥ 12% | 44.7% | |
| Tier 1 ratio | ≥ 9% | 44.5% | |
| Liquidity | ≥ 25% | 10.0% | |
| Foreign currency open position ratio (by each currency) | < ±15% | -1.1% | |
| Foreign currency open position ratio (total) | < ±40% | -0.9% | |
| Consentration risk of credit ratio <20% | <20% | 20.4% | |
| Related party’s debt to equity ratio <5% | <5% | 1.2% | |
Month: May 2022
| Quarter-1,2016 | |||
| FINANCIAL STATEMENT | |||
| (in thousand of MNT) | |||
| FINANCIAL STATEMENT | 03/31/2016 | ||
| ASSET | |||
| Cash and cash equivalents | 11,314.60 | ||
| Due from banks | 13,559.94 | ||
| Financial investments | 9,140.00 | ||
| Loans and advances to customers (net) | 7,118,781.73 | ||
| Foreclosed assets /net/ | 1,181,325.00 | ||
| Other financial assets | 291,311.51 | ||
| Fixed assets (net) | 752,873.90 | ||
| Intangible assets | 1,197.40 | ||
| Total assets | 9,379,504.07 | ||
| LIABILITIES | |||
| Current account | 88,052.03 | ||
| Savings | 27,423.81 | ||
| Other liabilities | 95,703.04 | ||
| Total liabilities | 211,178.88 | ||
| EQUITY | |||
| Ordinary shares | 16,000,000.00 | ||
| Revaluation surplus | 16,353.39 | ||
| Other components of equity | 27,946.69 | ||
| Retained earnings /loss/ | (6,875,974.88) | ||
| Total equity | 9,168,325.19 | ||
| TOTAL LIABILITIES AND EQUITY | 9,379,504.07 | ||
| INCOME STATEMENT | |||
| (in thousand of MNT) | |||
| INCOME STATEMENT | 03/31/2016 | ||
| Interest income | 4,868.11 | ||
| Interest expense | 474.18 | ||
| NET INTEREST INCOME (1-2) | 4,393.93 | ||
| Net trading gain/loss | – | ||
| Foreign currency revaulation gain/loss | (1,358.02) | ||
| Other operating income | 8,867.67 | ||
| Non-interest income | 7,509.65 | ||
| Net operating income | 11,903.58 | ||
| Other operating expense | 112,944.00 | ||
| Profit/loss before provision | (101,040.42) | ||
| Provision expense | 637,134.27 | ||
| Net operating gain/loss | (738,174.69) | ||
| Non-operating income | |||
| Non-operating expense | 119.76 | ||
| Profit Before Tax | (738,294.45) | ||
| Income tax expense | |||
| Net profit | (738,294.45) | ||
| PREDENTIAL RATIOS BY THE BANK OF MONGOLIA | Limit | 03/31/2016 | |
| Capital adequacy ratio | ≥ 12% | 33.86% | |
| Tier 1 ratio | ≥ 9% | 33.69% | |
| Liquidity | ≥ 25% | 11.66% | |
| Foreign currency open position ratio (by each currency) | < ±15% | -1.30% | |
| Foreign currency open position ratio (total) | < ±40% | -1.10% | |
| Consentration risk of credit ratio <20% | <20% | 21.81% | |
| Related party’s debt to equity ratio <5% | <5% | 1.27% | |
Categories
Conditions
| Service type | Individual | Corporate | |||
| MNT | Other currency | MNT | Other currency | ||
| Transaction | Within TransBank | 100 mnt | Equivalent to 200 mnt | 100 mnt | Equivalent to 200 mnt |
| Interbank /up to 5,000,000/ | 200 mnt | Equivalent to 1500 mnt | 200 mnt | Equivalent to 1500 mnt | |
| Interbank /above 5,000,000/ | 500 mnt | 500 mnt | |||
Categories
Registration documents
Please visit the nearest branch of TransBank to enroll.
Individual:
- ID card or foreign passport
Corporate:
- Official request
- ID card or foreign passport of authorized officer.
Categories
Гарын авлага
Categories
Introduction
China’s number one payment and digital wallet service by Tencent Holdings Limited’s WECHAT PAY international payment system, introduced in 64 countries, has been officially launched in Mongolia. Mongolia has become the 65th country to introduce WECHAT PAY, and the Mongolian currency MNT is the 25th supported currency of the WECHAT PAY system.
The Transport Development Bank is allowing Chinese tourists and businesses and Mongolian Businesses great opportunities to perform payments and receive payments via WeChat in Mongolia with the cooperation of the “KKTT” LLC that provides Qpay services.
In 2011, Wechat was Launched in China is currently the most widely used application and ranks fifth in the world in terms of active user numbers.
With the official system access in Mongolia, Chinese citizens will be able to make the following payments in Mongolia.
- Scan to Pay – Wechat users make transactions via static QR scans
- Scan to Pay – Wechat users make transactions via dynamic QR scans
- In-App Pay – The deep link for the invoice and Mini Program Pay for payment will be available on the Merchant application soon.
- If you want to become a merchant, open an MNT current account at any of the Transport and Development Bank branch that is nearest to you;
- Making a merchant agreement;
- To make a system connection, obtain the API key from “KKTT” LLC
- Duration for a payment to be credited: The settlement date is T+1 day after the transaction.
- Transaction Fee: Hence it is an international transaction, transaction fees are 2%
Categories
FAQs
Question: How do customers register as a merchant of WeChat?
Answer:
Hello Dear Customer, Business entities and individuals providing services in Mongolia are able to receive WeChat Pay and if would like to join as a merchant:
To open an MNT current account at any of the Transport and Development Bank;
You can register as a merchant by filling out a WeChat Pay agreement and form provided by a customer service representative at any of the Transport and Development Bank branches.
Question: Would it be possible to connect your MNT account directly?
Answer:
Hello Dear Customer. Yes, hence the tugrik MNT current account is opened, and the transaction will be credited directly to the tugrik MNT account.
Question: Is it possible to transfer CNY from Mongolia to China?
Answer:
Currently, it is unavailable to make a transaction from Mongolia to China via WeChat Pay, and only possible to receive payments from China.
Question: Can Mongolian citizens connect their cards to WeChat pay?
Answer:
Hello Dear Customer. Unfortunately, according to WeChat Pay regulations, Mongolian citizens are not able to make card transactions.
Question: What is the merchant fee? How is the exchange rate difference determined?
Answer:
As for the exchange rate, it will be credited to the customer’s MNT account at the Transport and Development Bank based on the spot exchange rate provided by Wechat.
Question: How long does it take for WeChat Pay to approve the merchant agreement? When to be able to receive the QR code?
Answer: Once the Merchant signs a WeChat Pay service agreement, once WeChat approves, connect to a QR code and issue a merchant’s QR code within 2-3 working days.
Categories
Download the brochure
Categories
FINANCIAL INDICATORS
in thousands of MNT
(audited)
| BALANCE SHEET |
2018 |
2019 | 2020 | 2021 | 2022 |
2023 |
| ASSETS | ||||||
| Cash and balances with Bank of Mongolia |
118,463,789 |
187,738,265 | 47,652,174 | 122,747,594 | 230,809,578 |
208,488,370 |
| Due from banks |
60,981,772 |
22,355,805 | 60,889,978 | 37,585,022 | 321,818,852 |
198,880,626 |
| Financial assets at FVTPL |
58,661 |
352,543 | 266,720 | 2,832,448 | 4,748,884 |
4,772,703 |
| Financial assets at FVTOCI |
29,389,823 |
25,816,251 | 22,930,314 | 69,765,709 | 640,791 |
37,008,923 |
| Financial assets at amortised cost |
– |
– | – | 10,348,243 | 6,889,076 |
20,896,193 |
| Derivative financial assets |
– |
– | – | 35,712 | 3,813,582 |
2,442,507 |
| Loans and advances to customers |
289,072,998 |
254,427,548 | 216,738,625 | 433,651,455 | 556,700,648 |
671,768,051 |
| Current tax assets |
– |
675,263 | – | – | – |
– |
| Properties held for sale |
– |
– | – | – | – |
26,183,950 |
| Property and equipment |
2,181,152 |
6,226,802 | 8,930,940 | 11,045,889 | 19,856,337 |
16,484,725 |
| Intangible assets |
636,569 |
747,771 | 458,040 | 5,432,936 | 5,894,523 |
5,483,334 |
| Deferred tax assets |
– |
1,035 | – | 355,657 | – |
486,597 |
| Other assets |
1,057,365 |
26,079,221 | 2,291,118 | 34,728,868 | 6,236,675 |
16,007,031 |
|
Goodwill |
– | – | – | 4,591,561 | 4,591,561 |
4,591,561 |
| TOTAL ASSETS |
501,842,129 |
524,420,504 | 360,157,909 | 733,121,094 | 1,162,000,507 |
1,213,494,571 |
| LIABILITIES | ||||||
| Deposits from financial institutions |
212,729,196 |
163,726,270 | 112,195,768 | 90,063,973 | 374,088,532 |
311,527,590 |
| Deposits from customers |
147,867,031 |
248,999,833 | 87,948,924 | 318,303,255 | 525,090,994 |
578,007,031 |
| Repurchase agreements |
29,603,979 |
3,998,795 | 22,949,907 | 76,731,558 | 6,019,946 |
37,712,288 |
| Borrowed funds |
– |
– | 20,620,840 | 47,066,560 | 40,696,557 |
63,452,028 |
| Derivative financial liabilities |
– |
– | – | 20,009 | 5,839,782 |
3,408,636 |
| Current tax liabilities |
367,746 |
– | 189,441 | 894,892 | 184,314 |
1,816,541 |
| Deferred tax liabilities |
– |
– | 10,356 | – | 178,300 |
– |
| Other liabilities |
34,058,596 |
26,042,265 | 7,202,814 | 17,399,985 | 23,679,289 |
20,671,528 |
| TOTAL LIABILITIES |
424,626,548 |
442,767,163 | 251,118,050 | 550,480,232 | 975,777,714 |
1,016,595,642 |
| EQUITY | ||||||
| Share capital |
78,000,000 |
78,000,000 | 100,000,000 | 146,473,811 | 139,442,306 |
139,442,306 |
| Share premium |
– |
– | – | 15,645,407 | 15,646,926 |
15,646,926 |
| Reserves |
93,503 |
134,258 | 46,646 | 124,009 | 1,103,813 |
99,068 |
| Retained earnings |
(877,922) |
3,519,083 | 8,993,213 | 20,397,635 | 30,029,748 |
41,710,629 |
| TOTAL EQUITY |
77,215,581 |
81,653,341 | 109,039,859 | 182,640,862 | 186,222,793 |
196,898,929 |
| TOTAL LIABILITIES AND EQUITY |
501,842,129 |
524,420,504 | 360,157,909 | 733,121,094 | 1,162,000,5 |
1,213,494,571 |
in thousands of MNT
| INCOME STATEMENT | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Interest and similar income | 27,695,862 | 57,524,891 | 44,854,170 | 50,814,740 | 85,122,132 | 117,843,486 |
| Interest and similar expense | (15,999,056) | (39,897,851) | (25,089,645) | (24,881,973) | (45,956,759) | (74,555,848) |
| Net interest income | 11,696,806 | 17,627,040 | 19,764,525 | 25,932,767 | 39,165,373 | 43,287,638 |
| Fee and commission income | 768,056 | 665,810 | 330,979 | 376,799 | 1,205,971 | 1,091,988 |
| Fee and commission expense | (266,369) | (393,383) | (436,979) | (462,092) | (1,150,338) | (1,498,906) |
| Net fee and commission income (expense) | 501,687 | 272,427 | (106,000) | (85,293) | 55,633 | (406,918) |
| Net trading income (expense) | 563,078 | 871,662 | 2,493,878 | 1,457,159 | 4,038,048 | 3,255,669 |
| Other income (expense) from other financial instruments at FVTPL | – | (140,356) | 50,270 | (177,896) | (1,947,392) | 1,103,175 |
| Revenue | 12,761,571 | 18,630,773 | 22,202,673 | 27,126,737 | 41,311,662 | 47,239,564 |
| Other income | 117,667 | 789,517 | 683,476 | 54,652 | 3,536,042 | 794,656 |
| Impairment losses on financial instruments | (1,555,979) | (6,413,735) | (8,133,610) | (589,482) | (9,299,839) | (8,974,922) |
| Personnel expenses | (2,747,623) | (3,713,667) | (3,734,624) | (5,443,150) | (10,414,223) | (13,538,723) |
| Depreciation and amortization | (676,234) | (1,771,354) | (2,644,442) | (4,010,633) | (5,922,646) | (6,488,224) |
| Other expenses | (2,427,749) | (1,751,692) | (2,083,588) | (3,071,270) | (5,172,801) | (6,788,592) |
| Non-operating expenses | (238,166) | (242,850) | (150,337) | (221,457) | (406,329) | (134,867) |
| Profit before tax | 5,233,487 | 5,526,992 | 6,139,548 | 13,845,397 | 13,631,866 | 12,108,892 |
| Income tax expense | (1,408,139) | (1,129,987) | (665,418) | (2,440,975) | (2,944,032) | (1,484,303) |
| Net profit for the year | 3,825,348 | 4,397,005 | 5,474,130 | 11,404,422 | 10,687,834 | 10,624,589 |
| OTHER COMPREHENSIVE INCOME | ||||||
| Net change in fair value | 64,985 | 105,740 | 18,128 | 95,491 | 19,574 | 71,121 |
| Reclassified to profit or loss | – | (64,985) | (105,740) | (18,128) | (95,491) | (19,574) |
| Total comprehensive income for the year | 3,890,333 | 4,437,760 | 5,386,518 | 11,481,785 | 10,611,917 | 10,676,136 |
| OTHER INDICATORS |
2018 |
2019 | 2020 | 2021 | 2022 |
2023 |
| Capital Adequacy ratio |
24.77% |
27.15% | 39.67% | 33.51% | 27.99% |
22.65% |
|
Tier 1 ratio |
24.76% | 27.15% | 39.66% | 33.51% | 27.99% |
22.65% |
| Liqudity ratio |
33.71% |
53.13% | 28.53% | 32.88% | 37.02% |
33.82% |
Categories
What is sustainable development?
What is sustainable development?
Sustainable development can be defined as development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs.
Sustainable Development Goals – 2030 (SDGs)
The 2030 Agenda for Sustainable Development Goals is a long-term globally shared blueprint for peace and prosperity based on three pillars of society, economy and the environment.
TransBank aims to promote the country’s development based on the Sustainable Development Goals by conducting environmentally and socially friendly activities.
TransBank’s Environmental and Social Policy
General provisions
The main purpose of the TransBank’s (hereinafter referred to as the “Bank”) Environmental and Social Policy (hereinafter referred to as the “E&S policy”) is to provide environmental and social protection to the Bank’s activities under the Mongolian Sustainable Finance Association (hereinafter referred to as the “MSFA”). The principles are in compliance to determine the environmental and social risk standards and control system of the bank.
Read the Transport and Development Bank’s Environment and Social Policy.
Categories
Advantages
- Flexible terms and conditions tailored to the characteristics of the client’s project
- Long-term financing
- Offers financing instrument based on client’s business focus and needs
Categories
Benefits
- Receive interest monthly to your desired account and earn passive income;
- Make deposit transactions and add funds to your savings;
- The interest rate on offer is higher than what most bank’s in Mongolia offer on the market.
Categories
Terms and conditions
|
Terms |
MNT | USD |
| Tenor |
Annual Interest rates |
|
| 3 – 6 months |
11.30% |
3.80% |
| 7 – 12 months |
12.50% |
3.80% |
| Interest rate upon early termination of contract /annual/ |
2.4%-4.8% |
1.20% |
| Minimum deposit |
1,000,000 MNT |
1,000 USD |
| Interest payments |
Monthly |
|
| Account opening fee |
Free |
|
| Savings book |
Free |
|
Categories