Month: July 2023

Categories
Quarterly financial statements

As of June 30, 2023

(MNT million)

Balance sheet 30/06/2023
1 Asset
1.1 Cash and cash equivalents

                    225,711

1.2 Due from banks and financial institutions

                      62,780

1.3 Financial investments

                       37,151

1.4 Loans and advances to customers (net)

                   583,776

1.4.1 Performing loans

                    529,894
1.4.2 Non-performing loans

                       74,564
1.4.3 Deferred loan payment

                          (152)
1.4.4 Accrued interest receivable

                       13,899
1.4.5 Loan Loss Provision

                    (34,429)
1.5 Derivative financial assets

                         1,197

1.6 Other financial assets

                             558

1.7 Other non-financial assets

                     16,000

1.8 Fixed assets (net)

                       21,710

1.9 Properties held for sale

                       14,184

1.10 Intangible assets

                      12,306

1.11 Total assets

                   975,373

2 Liabilities
2.1 Current accounts

                       70,651
2.2 Savings accounts

                    422,334
2.3 Due to banks and financial instituitions

                    233,108
2.4 Other funds

                       21,290
2.5 Derivative financial liabilities

                             662
2.6 Other liabilities

                       38,155
2.7 Total liabilities 

                   786,200

3 Equity
3.1 Share capital

                   146,474
3.2 Share premium

                       15,647
3.3 Treasury shares

                      (7,032)
3.4 Revaluation surplus

                                –
3.5 Retained earnings /loss

                       34,026
3.6 Other reserves

                               58
4 Total equity

                    189,173

5 Total liabilities and equity

                   975,373

(MNT million)

Income statement 30/06/2023
1 Interest income

                     54,870

1.1 From Bank of Mongolia

                        1,604
1.2 From other banks & financial institutions

                        1,666
1.3 From securities

                        3,806
1.4 From loans

                      43,705
1.5 Other interest income

                        4,089
2 Interest expense

                     36,426

2.1 Interest expense on current accounts

                           943
2.2 Interest expense on savings accounts

                      28,164
2.3 Interest expense on borrowed funds

                        1,027
2.4 Interest expense on securities

                           768
2.5 Other interest expense

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

                     18,444

4 Provision expenses (provision reverse income)

                        4,992

4.1 Deposits at other banks and financial institutions

                              –
4.2 Securities

                              –
4.3 Loans

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

                     13,452

6 Other income

                     16,955

6.1 Non-interest income

                     16,867

6.1.1 Trading income

                        8,252
6.1.2 Foreign exchange and revaluation income

                        7,929
6.1.3 Fees and commission income

                           641
6.1.4 Other non-interest income

                             45
6.2 Other income

                             88

7 Other expense

                     27,248

7.1 Non-interest expense

                     27,088

7.1.1 Other provision expense

                           230
7.1.2 Trading expense

                        7,190
7.1.3 Foreign exchange and revaluation expense

                        6,048
7.1.4 Fees and commission expense

                           737
7.1.5 Other operating expense

                      12,883
7.2 Non-operating expense

                           160

8 Profit before tax (5+6-7)

                        3,159

9 Income tax expense

                           267
10 Profit after tax (8-9)

                        2,892

11 Other comprehensive income

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

                        2,892

(MNT million)

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

                      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 /maximum loan amount to 60% of average sales revenue for 6 months/
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

/6 months when setting the maximum loan amount 60% of average sales revenue/
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.