Month: December 2024

Post author By Khongorzul O
Post date December 10, 2024
No Comments on

Банкны үйлчилгээг зайнаас хүссэн үедээ хялбар авах боломжийг танд олгоно. Интернэтэд холбогдсон дурын төхөөрөмжөөс өөрийн дансыг 24/7 горимоор удирдах боломжийг танд олгож байна.

Интернэт банк

Давуу тал

Цаг хугацаа, зардал хэмнэнэ;
Найдвартай, аюулгүй;
Ашиглахад хялбар;
Бүтээгдэхүүн үйлчилгээг салбарт хандахгүйгээр авах боломжтой;
Жилийн болон элсэлтийн хураамжгүй;

Интернэт банк

Бүрдүүлэх материал

Та Тээвэр хөгжлийн банкны өөрт ойр салбарт өөрийн биеэр, цахим үнэмлэхтэй ирж хүсэлтийн маягт бөглөн, гэрээ байгуулснаар тус үйлчилгээний хэрэглэгч болох боломжтой.

Хувь хүн:

Цахим үнэмлэх эсвэл гадаад пасспорт

Албан байгууллага:

Гарын үсэг зурах эрх бүхий этгээдүүдийг цахим үнэмлэх эсвэл гадаад паспорт эх хувиараа, хуулбар байх тохиолдолд нотариатаар баталгаажуулсан байх
Албан хүсэлт

Bank's financial accounting system

FINANCIAL ACCOUNTING FRAMEWORK

Post author By Otgontsetseg Kh
Post date December 9, 2024
No Comments on FINANCIAL ACCOUNTING FRAMEWORK

Chief financial officer and the finance units manage the following activities within the framework of financial accounting and control:

Oversee the financial reporting process, develop accounting policies in accordance with the legislations and IFRS, monitor their implementation, prevent and reduce potential risks;
Prepare and fairly present the bank’s financial statements in accordance with IFRS, facilitate external auditors with appropriate and sufficient evidence for auditing the financial reports, and provide financial information to all stakeholders;
Efficiently manage the budgeting and financial management activities, ensure the continuity of management information system, provide timely data and information to the management in support of timely decision making.

TransBank complies with relevant Mongolian laws, rules, regulations and guidelines for financial accounting and auditing, and implements the Bank’s internal accounting documents in its day-to-day operations in accordance with International Financial Reporting Standards (IFRS).

INTERNAL CONTROL FRAMEWORK

Internal Audit Division of TransBank carries out the Bank’s internal auditing activities and reports directly to the Board of Directors.

The Financial policy and control division is responsible for defining the Bank’s accounting policies in accordance with relevant standards, laws and regulations, while monitoring their implementation. In overseeing the financial reporting processes, the Division implements remote and on-site control over the operation of the core banking system and branches, towards ensuring accuracy, continuity, reliability of financial statements, and efficiency of the internal financial controls in prevention and reduction of potential risks.

Financial indicators Financial information

Санхүүгийн үзүүлэлт

	2023	2022	2021	2020	2019
Balance sheet (MNT million)
Total assets	1,213,495	1,162,001	733,121	360,158	524,421
Deposits from customers	676,805	579,764	363,476	96,842	306,001
Loans and advances to customers (Net)	671,768	556,701	433,651	216,739	254,428
Retained earnings	41,711	30,030	20,398	8,993	3,519
Total equity	196,899	186,223	182,641	109,040	81,653
Income statement (MNT million)
Interest income	117,843	85,122	50,815	44,854	57,525
Interest expense	(74,556)	(45,957)	(24,882)	(25,090)	(39,898)
Net interest income	43,288	39,165	25,933	19,765	17,627
Net fees and commission income (expense)	(407)	56	(85)	(106)	272
Net trading income	3,256	4,038	1,457	2,494	872
Other income (expense) from other financial instruments at FVTPL	1,103	(1,947)	(178)	50	(140)
Other income	795	3,536	55	683	790
Impairment losses on financial instruments	(8,975)	(9,300)	(589)	(8,134)	(6,414)
Operating expenses	(26,950)	(21,916)	(12,747)	(8,613)	(7,480)
Profit before tax	12,109	13,632	13,845	6,140	5,527
Income tax expense	(1,484)	(2,944)	(2,441)	(665)	(1,130)
Net profit for the year	10,625	10,688	11,404	5,474	4,397
PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA (%)
Capital adequacy ratio	22.7%	26.8%	33.5%	39.7%	27.2%
Liquidity ratio	33.8%	37.0%	32.9%	28.5%	53.1%
Foreign currency open position ratio (single currency)	-2.9%	-2.6%	-2.4%	-9.4%	4.9%
Foreign currency open position ratio (total)	-8.1%	-3.2%	-4.8%	-9.4%	-14.2%

Quarterly financial statements

2023 year IV quarter

STATEMENT OF FINANCIAL POSITION

(MNT million)

1	ASSETS
1.1	Cash and cash equivalents	328,921
1.2	Due from banks and financial institutions	78,448
1.3	Financial investments	62,678
1.4	Loans and advances to customers (net)	671,768
1.4.1	Performing loans	632,883
1.4.2	Non-performing loans	62,023
1.4.3	Deferred loan payment	(159)
1.4.4	Accrued interest receivable	15,013
1.4.5	Loan loss provision	(37,992)
1.5	Derivative financial assets	2,443
1.6	Other financial assets	318
1.7	Other non-financial assets	10,065
1.8	Fixed assets	19,603
1.9	Properties held for sale	26,184
1.1	Intangible assets	13,067
1.11	Total assets	1,213,495
2	LIABILITIES
2.1	Current accounts	92,072
2.2	Savings accounts	482,662
2.3	Due to banks and financial institutions	368,298
2.4	Other funds	47,667
2.5	Derivative financial liabilities	3,409
2.6	Other liabilities	22,488
2.7	Total liabilities	1,016,596
3	EQUITY
3.1	Share capital	146,474
3.2	Share premium	15,647
3.3	Treasury shares	(7,032)
3.4	Retained earnings	41,711
3.5	Other reserves	99
3.6	Total equity	196,899
4	TOTAL LIABILITIES AND EQUITY	1,213,495

(MNT million)

OFF BALANCE SHEET
Contingencies and commitments (net)	16,670

INCOME STATEMENT

(MNT million)

1	Interest income	117,629
1.1	From Bank of Mongolia	1,848
1.2	From banks and financial institutions	3,404
1.3	From securities	7,766
1.4	From loans	100,867
1.5	Other interest income	3,744
2	Interest expense	74,556
2.1	Interest expense on current accounts	1,878
2.2	Interest expense on savings accounts	61,858
2.3	Interest expense on borrowed funds	2,933
2.4	Interest expense on securities	1,051
2.5	Other interest expenses	6,836
3	Net interest income (1-2)	43,073
4	Provision expense	8,831
4.1	Deposits at banks and financial institutions	252
4.2	Securities	40
4.3	Loans	8,539
5	Net income after provision (3-4)	34,242
6	Other income	31,858
6.1	Non-interest income	31,115
6.1.1	Trading income	14,230
6.1.2	Foreign exchange and revaluation income	15,272
6.1.3	Fees and commission income	1,307
6.1.4	Other non-interest income	306
6.2	Other income, gain	743
7	Other expenses	53,991
7.1	Non-interest expenses	53,762
7.1.1	Other provision expense	381
7.1.2	Trading expense	10,974
7.1.3	Foreign exchange and revaluation expense	14,939
7.1.4	Fees and commission expense	1,499
7.1.5	Other operating expenses	25,969
7.2	Other expenses, losses	229
8	Profit Before Tax (5+6-7)	12,109
9	Income tax expense	1,484
10	Net profit for the year (8-9)	10,625
11	Other comprehensive income	52
12	Total comprehensive income for the year (10+11)	10,677

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA	LIMIT	PERFORMANCE
Tier 1 capital ratio	≥ 9%	22.5%
Capital adequacy ratio	≥ 12%	22.5%
Liquidity ratio	≥ 25%	33.8%
Foreign currency open position ratio (single currency)	< ±15%	-2.9%
Foreign currency open position ratio (total)	< ±30%	-8.1%

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)			3.2%
1.1	Bank shareholders	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	6,351	3.2%
2	Total loans and advances to related parties (less than 20% of total equity)			12.4%
2.1	Bank shareholders	Loan	100	0.1%
2.2	Key management personnel	Loan	404	0.2%
2.3	Other related parties	Loan	23,907	12.1%

Sustainable Development Report

report_test_2024

AFS 2023 TransBank (mon)

Home Quarterly financial statements

2024 year I quarter

STATEMENT OF FINANCIAL POSITION

(MNT million)

1	ASSETS
1.1	Cash and cash equivalents	217,295
1.2	Due from banks and financial institutions	72,350
1.3	Financial investments	72,145
1.4	Loans and advances to customers (net)	680,793
1.4.1	Performing loans	647,070
1.4.2	Non-performing loans	58,622
1.4.3	Deferred loan payment	(159)
1.4.4	Accrued interest receivable	15,776
1.4.5	Loan loss provision	(40,516)
1.5	Derivative financial assets	2,325
1.6	Other financial assets	569
1.7	Other non-financial assets	15,204
1.8	Fixed assets	19,142
1.9	Properties held for sale	26,184
1.1	Intangible assets	13,215
1.11	Total assets	1,119,222
2	LIABILITIES
2.1	Current accounts	82,796
2.2	Savings accounts	491,964
2.3	Due to banks and financial institutions	234,434
2.4	Other funds	78,281
2.5	Derivative financial liabilities	3,354
2.6	Other liabilities	25,835
2.7	Total liabilities	916,664
3	EQUITY
3.1	Share capital	146,474
3.2	Share premium	15,647
3.3	Treasury shares	(7,032)
3.4	Retained earnings	47,370
3.5	Other reserves	99
3.6	Total equity	202,558
4	TOTAL LIABILITIES AND EQUITY	1,119,222

(MNT million)

OFF BALANCE SHEET
Contingencies and commitments (net)		16,091

INCOME STATEMENT

(MNT million)

1	Interest income	35,199
1.1	From Bank of Mongolia	56
1.2	From banks and financial institutions	337
1.3	From securities	3,017
1.4	From loans	31,254
1.5	Other interest income	535
2	Interest expense	21,417
2.1	Interest expense on current accounts	558
2.2	Interest expense on savings accounts	17,808
2.3	Interest expense on borrowed funds	1,515
2.4	Interest expense on securities	201
2.5	Other interest expenses	1,335
3	Net interest income (1-2)	13,782
4	Provision expense	2,626
4.1	Deposits at banks and financial institutions	–
4.2	Securities	–
4.3	Loans	2,626
5	Net income after provision (3-4)	11,156
6	Other income	8,057
6.1	Non-interest income	7,973
6.1.1	Trading income	1,912
6.1.2	Foreign exchange and revaluation income	5,598
6.1.3	Fees and commission income	379
6.1.4	Other non-interest income	84
6.2	Other income, gain	84
7	Other expenses	13,004
7.1	Non-interest expenses	12,896
7.1.1	Other provision expense	–
7.1.2	Trading expense	1,390
7.1.3	Foreign exchange and revaluation expense	4,963
7.1.4	Fees and commission expense	305
7.1.5	Other operating expenses	6,238
7.2	Other expenses, losses	108
8	Profit Before Tax (5+6-7)	6,209
9	Income tax expense	549
10	Net profit for the year (8-9)	5,660
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	5,660

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA	LIMIT	PERFORMANCE
Tier 1 capital ratio	≥ 9%	23.0%
Capital adequacy ratio	≥ 12%	23.0%
Liquidity ratio	≥ 25%	30.1%
Foreign currency open position ratio (single currency)	< ±15%	-4.9%
Foreign currency open position ratio (total)	< ±30%	-12.7%

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	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	6,666	3.3%
2	Total loans and advances to related parties (less than 20% of total equity)			12.0%
2.1	Bank shareholders	Loan	100	0.0%
2.2	Key management personnel	Loan	544	0.3%
2.3	Other related parties	Loan	23,856	11.7%

Quarterly financial statements

2024 year II quarter

STATEMENT OF FINANCIAL POSITION

(MNT million)

1	ASSETS
1.1	Cash and cash equivalents	185,800
1.2	Due from banks and financial institutions	39,169
1.3	Financial investments	7,359
1.4	Loans and advances to customers (net)	642,972
1.4.1	Performing loans	612,821
1.4.2	Non-performing loans	58,444
1.4.3	Deferred loan payment	(140)
1.4.4	Accrued interest receivable	13,112
1.4.5	Loan loss provision	(41,265)
1.5	Derivative financial assets	1,676
1.6	Other financial assets	455
1.7	Other non-financial assets	13,121
1.8	Fixed assets	17,592
1.9	Properties held for sale	17,799
1.1	Intangible assets	13,511
1.11	Total assets	939,454
2	LIABILITIES
2.1	Current accounts	40,476
2.2	Savings accounts	347,440
2.3	Due to banks and financial instituitions	307,598
2.4	Other funds	14,162
2.5	Derivative financial liabilities	2,990
2.6	Other liabilities	24,340
2.7	Total liabilities	737,006
3	EQUITY
3.1	Share capital	146,474
3.2	Share premium	15,647
3.3	Treasury shares	(7,032)
3.4	Retained earnings	47,260
3.5	Other reserves	99
3.6	Total equity	202,448
4	TOTAL LIABILITIES AND EQUITY	939,454

(MNT million)

OFF BALANCE SHEET
Contingencies and commitments (net)		11,553

INCOME STATEMENT

(MNT million)

1	Interest income	62,130
1.1	From Bank of Mongolia	118
1.2	From banks and financial institutions	573
1.3	From securities	4,142
1.4	From loans	56,158
1.5	Other interest income	1,139
2	Interest expense	42,128
2.1	Interest expense on current accounts	826
2.2	Interest expense on savings accounts	28,503
2.3	Interest expense on borrowed funds	9,844
2.4	Interest expense on securities	283
2.5	Other interest expenses	2,672
3	Net interest income (1-2)	20,002
4	Provision expense	3,363
4.1	Deposits at banks and financial institutions	–
4.2	Securities	–
4.3	Loans	3,363
5	Net income after provision (3-4)	16,639
6	Other income	12,381
6.1	Non-interest income	12,246
6.1.1	Trading income	4,921
6.1.2	Foreign exchange and revaluation income	6,448
6.1.3	Fees and commission income	760
6.1.4	Other non-interest income	117
6.2	Other income, gain	135
7	Other expenses	22,797
7.1	Non-interest expenses	22,468
7.1.1	Other provision expense	925
7.1.2	Trading expense	2,138
7.1.3	Foreign exchange and revaluation expense	5,975
7.1.4	Fees and commission expense	800
7.1.5	Other operating expenses	12,630
7.2	Other expenses, losses	329
8	Profit Before Tax (5+6-7)	6,223
9	Income tax expense	674
10	Net profit for the year (8-9)	5,549
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	5,549

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%	30.8%
Foreign currency open position ratio (single currency)	< ±15%	8.4%
Foreign currency open position ratio (total)	< ±30%	10.4%

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)			3.2%
1.1	Bank shareholders	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	6,449	3.2%
2	Total loans and advances to related parties (less than 20% of total equity)			11.9%
2.1	Bank shareholders	Loan	100	0.0%
2.2	Key management personnel	Loan	532	0.3%
2.3	Other related parties	Loan	23,590	11.6%

ҮЙЛЧИЛГЭЭ	ИРГЭД		БАЙГУУЛЛАГА
Банк доторх гүйлгээ	Төгрөг	Валют	Төгрөг	Валют
	100₮	200₮-тэй тэнцэх валют	100₮	200₮-тэй тэнцэх валют
Банк хоорондын гүйлгээ	Бага дүнт – 200₮	1500₮-тэй тэнцэх валют	Бага дүнт – 200₮	1500₮-тэй тэнцэх валют
	Их дүнт – 500₮		Их дүнт – 500₮