Hedged |
Conditions |
|
Account currency |
MNT |
|
Term of deposit |
6 months |
12 months |
Annual Interest |
6.0% |
7.0% |
Early termination interest rate |
2.0% /annual interest/ |
|
Minimum balance |
1,000,000,000 MNT |
|
Interest payment conditions |
At the end of the period |
|
| Green Project Loan | MNT | USD | EUR |
| Maximum Loan Amount | The maximum loan amount will be determined based on the business scope, assets, and financial capacity. | ||
| Interest Rate (monthly) | 2.0%- 1.6% | 1.5% – 1.1% | 1.5%-1.1% |
| Interest Rate (annual) | 24.0%-19.2% | 18.0%- 13.2% | 18.0%-13.2% |
| Loan Term | Up to 60 months | Up to 36 months | |
| Loan Disbursement Fee | 1% of the disbursed loan amount, with a maximum of MNT 1,500,000 | 0.5% of the disbursed loan amount, with a maximum of 1,500 USD or the equivalent in EUR | |
| Additional Interest | Additional interest is equal to 20% of the base interest rate | ||
| Fee for Changes to Initial Loan Terms | 0% | ||
| Grace Period for Principal Repayment | Up to 12-24 months | ||
Actual cost /annual/: 19.7%-24.5%
Transbank’s Corporate Social Responsibility objective is to protect interests of its customers through its operations and values in compliance with the relevant laws and regulations of Mongolia, while supporting the health, education, and development of it’s employees. Through these efforts, the Bank aims to make a long-term, continuous and responsible contributions to society, the economy and the environment.
We implement our Corporate Social Responsibility policy across the following five areas:
To promote gender equality, define the Bank’s gender policy, deliver inclusive financial services to its customers, and mitigate, monitor and manage risks arising from gender-related impacts on the Bank’s operations, Transbank has adopted a Gender Equality Policy and established an internal Gender Committee to oversee its implementation.
The Gender Equality Policy is implemented in the following areas:
Collecting and maintaining gender-disaggregated data on employees, conducting relevant analysis, and using the results in decision-making, while integrating gender-sensitive approaches into daily operations, governance and performance evaluation processes, supported by the necessary financial and human resources;
The Bank incorporates gender equality considerations into its customer segmentation, market research, product development, risk assessment, and marketing activities in delivering services to our clients;
Through its operations, the Bank supports international initiatives and programs that promote gender equality and contributes to the achievement of the Sustainabnle Development Goals.
To support sustainability reporting and measure the impact of its financing activities, the Bank submits the following reports to the relevant regulatory authorities on a quarterly and semi-annual basis: the half-year report of members of the Mongolian Sustainable Finance Association, foreign funding reports, Green loan reports to the Bank of Mongolia, and the Bank’s green funding reports. Within the framework of its GIP membership, the Bank annually reports on the implementation of the Green Investment Principles. In addition, the Bank is preparing to calculate and disclose the greenhouse gas emissions associated with its financed activities for a selected sector under the PCAF framework.
Transbank offers the following green finance products and services that are environmentally and socially responsible to both individual and corporate customers. These include:
By developing and approving our Sustainable Finance Policy, Transbank has strenghtened the integration of sustainable development goals and principles into both our business and internal operations. The policy defines our approach to sustainable finance, including the classification and eligibility criteria for financing activities as well as impact measurement indicators, which are implemented in the day-to-day internal operations.
The Policy is guided by the 17 Sustainable Development Goals defined by the United Nations in 2015 and the eight principles set out in Mongolia’s Sustainable Finance Roadmap, which serve as guiding principle for our business and internal operations.
