|
SERVICES |
CURRENCY |
FEE |
| Amendment, Recall and Return |
USD |
30 USD |
| EUR |
50 EUR |
|
|
CNY |
50 CNY | |
| JPY |
7,500 JPY |
|
|
RUB |
300 RUB | |
| GBP |
50 USD |
|
|
HKD |
20 USD | |
| SGD |
20 USD |
|
|
TRY |
250 TRY |
|
| Inquiry |
USD |
30 USD |
|
EUR |
||
|
CNY |
||
|
JPY |
||
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RUB |
||
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GBP |
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HKD |
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SGD |
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TRY |
Month: December 2024
Please kindly note that the following information must be obtained from the payee in advance when sending a payment to a foreign country. These include:
- Recipient’s full name, address and ID document number
- Recipient’s bank name and SWIFT code
- Name of the correspond bank of the payee bank, SWIFT code (if any)
- in the remittance information field, specify the purpose of the payment (for example, tuition, gifts, donation, etc.)
Which party is responsible for the correspondent bank’s fee:
- SHA – Remitter is not responsible for the intermediary bank fees and the fees will be deducted from the total amount by the correspondent banks
- OUR – Remitter is responsible for the first intermediary bank fees. Other intermediary bank fees will be deducted from the total amount transferred.
- Fullpay /G-OUR/ – This option is only available for USD transfers. Remitter is responsible for all banking charges and the beneficiary will receive the payment in the full amount.
Dear customers, if you are planning to send international payments to foreign countries, please pay attention to the information below:
- If you are a foreign trader and you have received an e-mail asking you to transfer the payment to another account, therefore informing you that the beneficiary information has changed, you should contact the customer via phone call to confirm the changed information.
- If you have lost your personal photo or video to a stranger online and are being pressured to make payments to them, we advise you to notify the police immediately.
- Please note that, if you receive a notification about a random lottery win or a large amount of cash on your computer or mobile phone and it asks you to transfer a payment as an advance. This is a common case of cyber crime.
- If you suspect that any of the above incidents have occurred or may occur to you, please contact the Police at 11-311606 or 102 for more information and advice. You may also send an electronic complaint to the Police at www.service.police.gov.mn, where you can submit your application.
STATEMENT OF FINANCIAL POSITION
(MNT million)
| 1 | ASSETS | |
| 1.1 | Cash and cash equivalents | 184,400 |
| 1.2 | Due from banks and financial institutions | 44,971 |
| 1.3 | Financial investments | 25,173 |
| 1.4 | Loans and advances to customers (net) | 651,366 |
| 1.4.1 | Performing loans | 615,595 |
| 1.4.2 | Non-performing loans | 56,644 |
| 1.4.3 | Deferred loan payment | (104) |
| 1.4.4 | Accrued interest receivable | 16,528 |
| 1.4.5 | Loan loss provision | (37,297) |
| 1.5 | Derivative financial assets | 1,069 |
| 1.6 | Other financial assets | 1,130 |
| 1.7 | Other non-financial assets | 21,298 |
| 1.8 | Fixed assets | 17,792 |
| 1.9 | Properties held for sale | 24,267 |
| 1.1 | Intangible assets | 13,470 |
| 1.11 | Total assets | 984,936 |
| 2 | LIABILITIES | |
| 2.1 | Current accounts | 47,347 |
| 2.2 | Savings accounts | 430,781 |
| 2.3 | Due to banks and financial institutions | 242,506 |
| 2.4 | Other funds | 30,997 |
| 2.5 | Derivative financial liabilities | 1,827 |
| 2.6 | Other liabilities | 26,526 |
| 2.7 | Total liabilities | 779,984 |
| 3 | EQUITY | |
| 3.1 | Share capital | 146,474 |
| 3.2 | Share premium | 15,647 |
| 3.3 | Treasury shares | (7,032) |
| 3.4 | Retained earnings | 49,764 |
| 3.5 | Other reserves | 99 |
| 3.6 | Total equity | 204,952 |
| 4 | TOTAL LIABILITIES AND EQUITY | 984,936 |
(MNT million)
| OFF BALANCE SHEET | |||
| Contingencies and commitments (net) | 12,107 | ||
INCOME STATEMENT
(MNT million)
| 1 | Interest income |
90,001 |
| 1.1 | From Bank of Mongolia |
164 |
| 1.2 | From banks and financial institutions | 667 |
| 1.3 | From securities | 6,932 |
| 1.4 | From loans | 80,590 |
| 1.5 | Other interest income | 1,648 |
| 2 | Interest expense | 65,392 |
| 2.1 | Interest expense on current accounts | 1,057 |
| 2.2 | Interest expense on savings accounts | 42,517 |
| 2.3 | Interest expense on borrowed funds | 17,433 |
| 2.4 | Interest expense on securities | 363 |
| 2.5 | Other interest expenses | 4,022 |
| 3 | Net interest income (1-2) | 24,609 |
| 4 | Provision expense | – |
| 4.1 | Deposits at banks and financial institutions | – |
| 4.2 | Securities | – |
| 4.3 | Loans | – |
| 5 | Net income after provision (3-4) | 24,609 |
| 6 | Other income | 17,737 |
| 6.1 | Non-interest income | 17,596 |
| 6.1.1 | Trading income | 7,363 |
| 6.1.2 | Foreign exchange and revaluation income | 8,519 |
| 6.1.3 | Fees and commission income | 1,043 |
| 6.1.4 | Other non-interest income | 671 |
| 6.2 | Other income, gain | 141 |
| 7 | Other expenses | 32,494 |
| 7.1 | Non-interest expenses | 31,829 |
| 7.1.1 | Other provision expense | 946 |
| 7.1.2 | Trading expense | 2,811 |
| 7.1.3 | Foreign exchange and revaluation expense | 8,087 |
| 7.1.4 | Fees and commission expense | 1,161 |
| 7.1.5 | Other operating expenses | 18,824 |
| 7.2 | Other expenses, losses | 665 |
| 8 | Profit Before Tax (5+6-7) | 9,852 |
| 9 | Income tax expense | 1,799 |
| 10 | Net profit for the year (8-9) | 8,053 |
| 11 | Other comprehensive income | – |
| 12 | Total comprehensive income for the year (10+11) | 8,053 |
| PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA | LIMIT | PERFORMANCE |
| Tier 1 capital ratio | ≥ 9% | 23.9% |
| Capital adequacy ratio | ≥ 12% | 23.9% |
| Liquidity ratio | ≥ 25% | 30.2% |
| Foreign currency open position ratio (single currency) | < ±15% | 7.2% |
| Foreign currency open position ratio (total) | < ±30% | 14.5% |
| 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 | 6,780 | 3.3% |
| 2 | Total loans and advances to related parties (less than 20% of total equity) | 11.2% | ||
| 2.1 | Bank shareholders | Loan | 100 | 0.0% |
| 2.2 | Key management personnel | Loan | 1,125 | 0.5% |
| 2.3 | Other related parties | Loan | 21,805 | 10.6% |
Categories
Visa Classic
payment-card-citizen-payment-card-visa-classic
Categories
|
Card types |
|
| • Debit |
• Credit |
This exclusive card offers a range of premium services, including travel insurance, discounts at retail establishments, VIP lounge access at international airports, and Domestic and international concierge services. It is a sophisticated payment solution designed to complement your lifestyle and reflect your prestige.
Categories
Benefits
- High daily transaction limit;
- Account can be connected to 4 different currencies /debit, credit/;
- Travel insurance (Maximum compensation amount 50,000 USD);
- U Collection discount, promotion https://www.unionpayintl.com/dynamic/ucollection/en
- Dragonpass https://en.dragonpass.com.cn/ (Access to VIP lounges on international flights, with one accompanying passenger, 6 times per year)
- Enjoy 3%-10% cashback on purchases and services from the following establishments. /VAULT CLUB, LA SCINTILLA RESTURANT, BITSY & CO,Alfie Restaurant/
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% |
| Currency | MNT, USD, EUR, CNY |
| Membership fee | 2,000,000 MNT |
| Membership fee (from the 2nd year) | 500,000 MNT |
| Validity | 5 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) | |
| Pin code recovery at branch (Pinpad) | 1,000 MNT or equivalent in other currency |
| Foreign bank АТМ, POB fee | 2% (min 3 USD) |
| Card re-issuance fee | 1,500,000 MNT |
| Daily cash withdrawal limit | 100,000,000 MNT or equivalent in other currency |
| Daily purchase limit | 500,000,000 MNT or equivalent in other currency |
| Card account minimum balance | 300,000 MNT/ 100USD/ 100EUR / 500CNY |