Month: July 2023

Categories
Quarterly financial statements

As of June 30, 2023

(MNT million)

Balance sheet 31/12/2022

30/06/2023
1 Asset
1.1 Cash and cash equivalents                     483,493                     225,711
1.2 Due from banks and financial institutions                        69,136                       62,780
1.3 Financial investments                        12,279                        37,151
1.4 Loans and advances to customers (net)                     556,701                    583,776
1.4.1 Performing loans                     497,794                     529,894
1.4.2 Non-performing loans                        77,125                        74,564
1.4.3 Deferred loan payment                           (140)                           (152)
1.4.4 Accrued interest receivable                        11,399                        13,899
1.4.5 Loan Loss Provision                     (29,477)                     (34,429)
1.5 Derivative financial assets                          3,813                          1,197
1.6 Other financial assets                              694                              558
1.7 Other non-financial assets                         3,274                      16,000
1.8 Fixed assets (net)                        22,125                        21,710
1.9 Properties held for sale                                 –                          14,184
1.10 Intangible assets                        10,486                       12,306
1.11 Total assets                  1,162,001                    975,373
2 Liabilities
2.1 Current accounts                     120,912                        70,651
2.2 Savings accounts                     400,133                     422,334
2.3 Due to banks and financial instituitions                     404,291                     233,108
2.4 Other funds                        20,560                        21,290
2.5 Derivative financial liabilities                          5,840                              662
2.6 Other liabilities                        24,042                        38,155
2.7 Total liabilities                      975,778                    786,200
3 Equity
3.1 Share capital                     146,474                    146,474
3.2 Share premium                        15,647                        15,647
3.3 Treasury shares                        (7,032)                       (7,032)
3.4 Revaluation surplus                                 –                                 –
3.5 Retained earnings /loss                        30,030                        34,026
3.6 Other reserves                          1,104                                58
4 Total equity                     186,223                     189,173
5 Total liabilities and equity                  1,162,001                    975,373

(MNT million)

Income statement 31/12/2022 30/06/2023
1 Interest income

                     84,938

                     54,870

1.1 From Bank of Mongolia

                           415

                        1,604
1.2 From other banks & financial institutions

                        2,582

                        1,666
1.3 From securities

                        4,372

                        3,806
1.4 From loans

                      72,480

                      43,705
1.5 Other interest income

                        5,089

                        4,089
2 Interest expense

                     45,956

                     36,426

2.1 Interest expense on current accounts

                              –

                           943
2.2 Interest expense on savings accounts

                      37,816

                      28,164
2.3 Interest expense on borrowed funds

                        2,378

                        1,027
2.4 Interest expense on securities

                        1,711

                           768
2.5 Other interest expense

                        4,051

                        5,524
3 Net interest income (1-2)

                     38,982

                     18,444

4 Provision expenses (provision reverse income)

                        9,190

                        4,992

4.1 Deposits at other banks and financial institutions

                           768

                              –
4.2 Securities

                             69

                              –
4.3 Loans

                        8,353

                        4,992
5 Net interest income after provision [(3)-(4)]

                     29,792

                     13,452

6 Other income

                     31,544

                     16,955

6.1 Non-interest income

                     31,100

                     16,867

6.1.1 Trading income

                      19,213

                        8,252
6.1.2 Foreign exchange and revaluation income

                      10,497

                        7,929
6.1.3 Fees and commission income

                        1,390

                           641
6.1.4 Other non-interest income

                              –

                             45
6.2 Other income

                           444

                             88

7 Other expense

                     47,704

                     27,248

7.1 Non-interest expense

                     47,157

                     27,088

7.1.1 Other provision expense

                             58

                           230
7.1.2 Trading expense

                      15,191

                        7,190
7.1.3 Foreign exchange and revaluation expense

                        9,376

                        6,048
7.1.4 Fees and commission expense

                        1,150

                           737
7.1.5 Other operating expense

                      21,382

                      12,883
7.2 Non-operating expense

                           547

                           160

8 Profit before tax (5+6-7)

                     13,632

                        3,159

9 Income tax expense

                        2,944

                           267
10 Profit after tax (8-9)

                     10,688

                        2,892

11 Other comprehensive income

                           (76)

                              –
12 Total comprehensive income for the year (10+11)

                     10,612

                        2,892

(MNT million)

Off balance sheet items 31/12/2022 30/06/2023
Contingencies and commitments (net)

                      11,078

                      12,164

 

Prudential ratios by the Bank of Mongolia Limit 30/06/2023
Tier 1 ratio

≥ 9%

26.0%
Capital adequacy ratio

≥ 12%

26.0%
Liquidity ratio

≥ 25%

29.8%
Foreign currency open position ratio (single currency)

< ±15%

5.2%
Foreign currency open position ratio (total)

< ±30%

10.9%

(MNT million)

Related parties Category of assets Outstanding balance % in total Equity
1 Loans and other equivalent assets provided to a related party (less than 5% of capital)

3.2%
1.1 Shareholders                                  –                                 –

0.0%
1.2 Management                                  –                                 –

0.0%
1.3 Other related parties Loan

                         6,143

3.2%
2 Total Loans and other equivalent assets provided to related parties (less than 20% of capital)

13.9%
2.1 Shareholders Loan

                             100

0.1%
2.2 Management Loan

                         426

0.2%
2.3 Other related parties Loan

                       25,702

13.6%

 

Categories
News News

TRANSBANK’S UNAUDITED FINANCIAL STATEMENT FOR 2023 Q2

The Financial Report of the TransBank for the second quarter of 2023 is presented. During the reporting period, the net profit of 2.9 billion MNT was met and the indicators of reasonable ratio were met.
The TransBank has joined the Netherlands-based Partnership for Carbon Accounting for Finance (PCAF) to measure and report greenhouse gas emissions from financial activities. In this way, it is important to introduce innovative standards in our business operations, to contribute to global efforts to reduce greenhouse gas emissions through our operations, to support environmentally friendly business operations of our customers, and thus to create a transition to a low-carbon development path.
Click here to view the financial statements for the two quarter of 2023.
Categories
News News

TRANSBANK JSC JOINS THE PARTNERSHIP FOR CARBON ACCOUNTING FINANCIALS

TransBank JSC has joined the Netherlands-based Partnership for Carbon Accounting Financials (PCAF) to measure and disclose the greenhouse gas emissions from its financial activities.


The risk posed by climate change is considered a significant concern for banks and financial institutions. It has become a priority for these institutions to assess, define, and transparently report the risk, as well as to make efforts to mitigate potential risks. In this context, PCAF has developed a unified methodology for assessing, measuring and disclosing the greenhouse gas emissions from loans and investment of financial institutions. With more than 400 financial institutions from six continents, the group is rapidly expanding in North America, Latin America, Europe, Africa and Asia-Pacific. For TransBank, our participation in this partnership is crucial as it allows us to contribute to global efforts aimed at reducing greenhouse gas emissions. We will introduce innovative standards into our business operations, support environmentally friendly practices among our customers, and facilitate a transition towards a low-carbon development path.

Categories
Loan for Women-owned Micro Businesses

Benefits

  1. Does not require collateral (no immovable property nor automobile is required)
  2. Prompt solution in short period of time.
  3. No loan application fee.
Categories
Loan for Women-owned Micro Businesses

Terms and Conditions

Terms and Conditions Loan for Women-owned Micro Businesses
Loan amount MNT 30 million

/Loan amount no more than 80% of the client’s total working capital/
Loan term Up to 12 months
Interest rate /monthly/ 1.60%-1.80%
Interest rate /annual/ 19.20%-21.60%
Loan application fee MNT 0
Commitment fee /annual/ 2.8%

* Effective percentage rate /annual/: 19.81%-21.61%

Categories
Loan for Women-owned Micro Businesses

Requirements

Individuals shall be a female entrepreneur;

The legal entity shall meet one of the following requirements:

•  More than 51% of the company’s shares are owned by female shareholders;

•  To have a female CEO or General Director;

•  At least 50% of all employees are women /Legal entity shall be led by a female entrepreneur/

Evidence of running the business in the last 12 months and continuing to pursue it as a going concern and TransBank POS device shall be used for at least 6 months.

Categories
Loan for Women-owned Micro Businesses

Required documents

•  1 passport-sized photo

•  Account statement /last 6 months/;

•  Inventory information;

•  If you have a loan balance with other banks and NBFIs, loan agreement and loan account statement;

•  Other required documents, if necessary.

Categories
Loan for Women-owned Micro Businesses

Benefits

  1. Does not require collateral (no immovable property nor automobile is required)
  2. Prompt solution in short period of time.
  3. No loan application fee.
Categories
Loan for Women-owned Micro Businesses

Terms and Conditions

Terms and Conditions Loan for Women-owned Micro Businesses
Loan amount MNT 30 million

/Loan amount no more than 80% of the client’s total working capital/
Loan term Up to 12 months
Interest rate /monthly/ 1.60%-1.80%
Interest rate /annual/ 19.20%-21.60%
Loan application fee MNT 0
Commitment fee /annual/ 2.8%

* Effective percentage rate /annual/: MNT 19.81%-21.61%

Categories
Loan for Women-owned Micro Businesses

Requirements

Individuals shall be a female entrepreneur;

The legal entity shall meet one of the following requirements:

•  More than 51% of the company’s shares are owned by female shareholders;

•  To have a female CEO or General Director;

•  At least 50% of all employees are women /Legal entity shall be led by a female entrepreneur/

Evidence of running the business in the last 12 months and continuing to pursue it as a going concern and TransBank POS device shall be used for at least 6 months.

Categories
Loan for Women-owned Micro Businesses

Required documents

•  1 passport-sized photo

•  Account statement /last 6 months/;

•  Inventory information;

•  If you have a loan balance with other banks and NBFIs, loan agreement and loan account statement;

•  Other required documents, if necessary.

Categories
Sustainable dev policy

Sustainable Finance Policy

Transport and Development Bank JSC implements Environmental and Social (E&S) policy in its internal operations, and provides evaluations regarding the environmental and social impacts of its borrowers’ businesses. The Bank further supports its customers’ business activities in improving their environmental and social practices, beyond mitigating the environmental and social impacts of borrowers, by providing financial resources to support sustainable business operations and financial stability.

The Bank operates within the framework of the 8 principles of the Mongolian Sustainable Finance Program (ToC), implements integrated approaches to relevant activities, implementing them in stages and facilitating the implementation of related programs in accordance with the guidelines outlined in the policy. These principles serve as a control mechanism in the Bank’s business and internal operations.

The Bank conducts the environmental and social impact assessments of the borrowers and incorporates these considerations into its loan approval decision-making process. Loan applications are evaluated based on their environmental and social  risk factors. The Bank does not provide financing for activities that are in the “Excluded Activities” and “Precautionary Activities“ as outlined in the Sustainable Finance Program of Mongolia.

The Bank operates in accordance with laws, regulations, and other relevant legal provisions concerning environmental protection and public policy in Mongolia. In addition to complying with domestic laws, the Bank also adheres to international agreements and protocols through bilateral and multilateral agreements. It implements its own policies and guidelines to ensure compliance with the environmental and social standards in its operations and financial activities. These policies and guidelines include:

  • IFC 8 Performance Standards;
  • 8 principles of the Mongolian Sustainable Finance Program (ToC);
  • Green Investment Principles for the Belt and Road Initiative.

Click here to get further information about Environmental and Social policy of the Bank.

This loan is for TransBank’s POS merchant individuals and business entities with no requirements of fixed collateral.

Categories
Bank's history and highlights

2023 оны 7-р сар

Нидерланд улсад төвтэй Нүүрстөрөгчийн Нягтлан Бодох Бүртгэлийн Санхүүгийн Түншлэлд (PCAF)-д гишүүнээр нэгдлээ.