Month: December 2024

Product conditions

Card details	Visa Gold Card
Card type	Debit/ Credit
Currency	MNT, USD, CNY, EUR
Fee	50,000 MNT
Validity	3 years
Expedited card issuance fee	5,000 MNT
ATM Withdrawal Fee (Other Domestic Banks)	500 MNT or equivalent in other currency
Balance inquiry fee (Other Domestic bank ATMs)	100 MNT or equivalent in other currency
Balance inquiry fee (Domestic banks)	100 MNT or equivalent in other currency
Pin code recovery at branch	1,000 MNT or equivalent in other currency
Change/Recover e-pin code	No fee
Card re-issuance fee	30,000 MNT
Daily cash withdrawal limit	10,000,000 MNT or equivalent in other currency
Daily purchase limit	50,000,000 MNT or equivalent in other currency
Card account minimum balance	5,000 MNT/ 10 USD/ 10 EUR / 50CNY

Visa Gold Card

Credit conditions

Credit limit	1,000,000-20,000,000 MNT
Credit account currency	MNT, USD
Monthly minimum repayment	10%
Retail interest charge	2% /from payment due day/
Cash interest charge	2.5% /from cash withdrawal day/
Monthly billing statement date	1st of every month
Repayment date	20th of every month
Interest fee-free period	Up to 50 days
Overlimit rate fee	5.0%
Monthly late payment charge	1% (min 10,000 MNT, 10 USD)
Credit reference fee /Per inquiry/	1,000 MNT

Visa Gold Card

Required documents

For Mongolian citizens: Citizens ID card;
For Foreign citizens: Passport and certificate of alien registration
And other required documents

Visa Classic Debit Card

Post author By Delgermaa B
Post date December 12, 2024
No Comments on

TransBank offers you an international Visa card with modern and minimal design that allows you to make international payments in over 200 countries around the world.

Visa Classic Debit Card

Benefits

No annual fee
High daily transaction limit
Account can be connected to 4 different currencies
No fee delivery

Visa Classic Debit Card

Product conditions

Card details	Visa Classic debit card
Card account currency	MNT, USD, CNY, EUR
Admission Fee	35,000 MNT
Validity	3 years
Expedited card issuance fee	35,000 MNT
ATM Withdrawal Fee (Other Domestic Banks)	500 MNT or equivalent in other currency
Balance inquiry fee (Other Domestic bank ATMs)	100 MNT or equivalent in other currency
Balance inquiry fee (Domestic banks)	100 MNT or equivalent in other currency
Pin code recovery at branch (Pinpad)	1,000 MNT or equivalent in other currency
Change/Recover e-pin code	No fee
Card re-issuance fee	20,000 MNT
Daily cash withdrawal limit	10,000,000 MNT or equivalent in other currency
Daily purchase limit	50,000,000 MNT or equivalent in other currency
Card account minimum balance	5,000 MNT/ 10 USD/ 10 EUR / 50CNY

Visa Classic Debit Card

Required documents

For Mongolian citizens: Citizens ID card;
For Foreign citizens: Passport and certificate of alien registration
And other required documents

Quarterly financial statements

2023 year III quarter

STATEMENT OF FINANCIAL POSITION

(MNT million)

1	ASSETS
1.1	Cash and cash equivalents	212,146
1.2	Due from banks and financial institutions	69,464
1.3	Financial investments	47,977
1.4	Loans and advances to customers (net)	622,451
1.4.1	Performing loans	564,519
1.4.2	Non-performing loans	81,232
1.4.3	Deferred loan payment	(173)
1.4.4	Accrued interest receivable	12,368
1.4.5	Loan loss provision	(35,495)
1.5	Derivative financial assets	1,779
1.6	Other financial assets	692
1.7	Other non-financial assets	15,242
1.8	Fixed assets	20,019
1.9	Properties held for sale	14,184
1.1	Intangible assets	12,952
1.11	Total assets	1,016,906
2	LIABILITIES
2.1	Current accounts	77,018
2.2	Savings accounts	468,980
2.3	Due to banks and financial institutions	210,370
2.4	Other funds	34,960
2.5	Derivative financial liabilities	2,516
2.6	Other liabilities	32,496
2.7	Total liabilities	826,340
3	EQUITY
3.1	Share capital	146,474
3.2	Share premium	15,647
3.3	Treasury shares	(7,032)
3.4	Retained earnings	35,419
3.5	Other reserves	58
3.6	Total equity	190,566
4	TOTAL LIABILITIES AND EQUITY	1,016,906

(MNT million)

OFF BALANCE SHEET
Contingencies and commitments (net)	14,848

INCOME STATEMENT

(MNT million)

1	Interest income	80,756
1.1	From Bank of Mongolia	1,747
1.2	From banks and financial institutions	2,596
1.3	From securities	5,320
1.4	From loans	67,595
1.5	Other interest income	3,498
2	Interest expense	54,282
2.1	Interest expense on current accounts	1,394
2.2	Interest expense on savings accounts	44,869
2.3	Interest expense on borrowed funds	1,693
2.4	Interest expense on securities	913
2.5	Other interest expenses	5,413
3	Net interest income (1-2)	26,474
4	Provision expense	6,044
4.1	Deposits at banks and financial institutions	–
4.2	Securities	–
4.3	Loans	6,044
5	Net income after provision (3-4)	20,430
6	Other income	23,538
6.1	Non-interest income	23,433
6.1.1	Trading income	11,017
6.1.2	Foreign exchange and revaluation income	11,445
6.1.3	Fees and commission income	926
6.1.4	Other non-interest income	45
6.2	Other income, gain	105
7	Other expenses	39,472
7.1	Non-interest expenses	39,182
7.1.1	Other provision expense	9
7.1.2	Trading expense	8,753
7.1.3	Foreign exchange and revaluation expense	10,727
7.1.4	Fees and commission expense	982
7.1.5	Other operating expenses	18,711
7.2	Other expenses, losses	290
8	Profit Before Tax (5+6-7)	4,496
9	Income tax expense	211
10	Net profit for the year (8-9)	4,285
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	4,285

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA	LIMIT	PERFORMANCE
Tier 1 capital ratio	≥ 9%	24.3%
Capital adequacy ratio	≥ 12%	24.3%
Liquidity ratio	≥ 25%	29.0%
Foreign currency open position ratio (single currency)	< ±15%	1.8%
Foreign currency open position ratio (total)	< ±30%	4.5%

LOANS AND ADVANCES TO RELATED PARTIES		CATEGORY OF ASSETS	BALANCE (MNT million)	PERCENT OF TOTAL EQUITY
1	Loans and advances to a related party (less than 5% of total equity)			3.3%
1.1	Bank shareholders	–	–	–
1.2	Key management personnel	–	–	–
1.3	Other related parties	Loan	6,353	3.3%
2	Total loans and advances to related parties (less than 20% of total equity)			13.6%
2.1	Bank shareholders	Loan	100	0.1%
2.2	Key management personnel	Loan	415	0.2%
2.3	Other related parties	Loan	25,456	13.4%

External audit report

2023

Post author By admin
Post date December 11, 2024
No Comments on 2023

AFS 2023 TransBank (eng)

External audit report

2022

AFS 2022 TransBank (eng)