Month: May 2024

The TransBank has received approval from the General Commission for Financial Supervision and Regulation of the People’s Republic of China to establish a representative office and has officially opened a representative office in Beijing, China.

Through the representative office, it provides Chinese entrepreneurs and financial institutions with relevant information about the Mongolian economy and market, and opens up favorable opportunities for cooperation by serving as a financial bridge connecting business organizations with Mongolian companies.

The TransBank has successfully received a total of USD 24.7 million in external resources from banks and financial institutions based in Germany, Singapore, and Japan as of the first quarter of 2024. Of this, USD 6.4 million in green financing has been received from external markets as part of its efforts to expand sustainable and green financing.

Additionally, a total of 7.1 million USD was repaid in principal and interest payments from external sources, continuing long-term and reliable cooperation with client banking and financial institutions, further increasing external sources.

TransBank has been supporting green projects that promote environmentally friendly businesses, reduce greenhouse gas emissions, and improve energy efficiency and efficiency, and offers a variety of green loan products for consumers and businesses to its customers.

Within the framework of this financing, we offer our customers flexible and favorable green loans that support environmentally friendly activities and eco-products, creating an opportunity to fight climate change together and contribute to our planet. In connection with this financing, we aim to improve and make our products and services more convenient in order to reach our customers in an efficient and accessible way.