Month: March 2025

Invitation to the Annual General Meeting of Shareholders

Pursuant to Article 59.4 of the Company Law of Mongolia, Articles 60.1 and 60.2 of the same law, Article 31.3.4 of the Banking Law, Articles 11.3, 11.4, and 11.6 of the Charter of TransBank JSC, and based on the minutes of the Board of Directors meeting No. T/25-05 dated March 25, 2025, all shareholders of TransBank JSC are hereby invited to actively participate in the Annual General Meeting of Shareholders.

1. Meeting Venue: Head Office of TransBank JSC, Sukhbaatar District, Shangri-La Office, 15th Floor Conference Room
2. Meeting Time: 14:00
3. Record Date: April 30, 2025
4. Meeting Date: April 30, 2025
5. Meeting Format: In person

Agenda for the Annual General Meeting of Shareholders:

For information:

1. Presentation of the Bank’s operational and financial report for the year 2024;

2. Presentation of the Board of Directors’ activity report for 2024;

3. Presentation of the report on assets written off from relevant funds and assets deducted from the balance sheet.

For consideration and approval:

• Review and approval of the Board of Directors’ conclusions on the independently audited financial statements for 2024;

• Decision on the distribution of dividends from the Bank’s net profit for the year 2024;

• Other matters.

TransBank has successfully implemented the latest version of the Payment Card Industry Data Security Standard (PCI-DSS 4.0.1), issued by the PCI Security Standards Council, within a short timeframe. The bank underwent a formal audit conducted by the internationally accredited certification body, ISOQAR India Private Limited, and has officially received its certification.

By adopting this standard, TransBank has established a secure environment for processing, storing, transmitting, and validating customers’ payment card information. Moreover, the bank has strengthened its information security policies, operational procedures, software systems, and network infrastructure to ensure uninterrupted and reliable operations.

The PCI-DSS standard is a globally recognized security framework widely adopted across the payment card industry. It was developed collaboratively by leading payment networks including American Express, Discover Financial Services, JCB International, Mastercard Worldwide, and Visa International, all members of the PCI Security Standards Council.

TransBank’s implementation of internationally compliant upgrades in its operations to ensure the security of its customers has further strengthened the trust and value it provides to its clients and the financial sector, reaffirming its position as a reliable provider of financial services.

Moving forward, TransBank will continue to rigorously protect customer information at an international standard level and remain committed to delivering responsible and dependable financial services.

Since 2012, the International Financial Cooperation Organization has been implementing the “Global Money Week” campaign across countries worldwide. Mongolia is now celebrating this campaign for the 13th consecutive year.

This year, under the theme “Financial Decisions for Tomorrow’s Success,” the campaign is taking place in 176 countries globally. TransBank is proudly leading the initiative in Mongolia by organizing various informational and educational programs to provide children and youth with financial literacy and guidance under the same theme.

Transport and Development Bank (TransBank) has become the first commercial bank in Mongolia and Central Asia to join China’s Cross-Border Interbank Payment System (CIPS) as a direct offshore participant. This allows the bank to offer its customers a secure and efficient way to make CNY payments from Mongolia to anywhere in the world through CIPS, ensuring reliable, low-cost, and real-time gross settlement.

China introduced CIPS in 2015 to internationalize the yuan, enhance its circulation, and securely process payments. Backed by the People’s Bank of China, CIPS provides clearing and settlement services for crossworder yuan transactions.

FEATURES OF THE CIPS SYSTEM

• Speed and Convenience: CIPS enables real-time settlement of CNY payments, allowing transfers to be executed faster and more efficiently than ever before.
• Interbank Collaboration: CIPS enables seamless CNY transactions through its network of 169 direct participant banks and financial institutions, connecting with globally recognized entities.
• Participant Structure: CIPS consists of direct and indirect participants. Direct participants can process transactions in real time through the system, while indirect participants rely on direct participants to facilitate their transactions.

A STEP FORWARD FOR TRANSPORT AND DEVELOPMENT BANK

TransBank going forward aims to strengthen its competitiveness in the international market by operating as a financially stable partner bank and a private banking service provider that meets global standards. As part of this strategy, the bank is integrating major international payment systems into its operations, ensuring alignment with customer needs and shared values. The bank’s integration into the CIPS system as a direct participant highlights its commitment to strengthening its financial capabilities and meeting the international banking standards set by regulatory bodies.

TransBank is committed to becoming a leading global bank by focusing on customer needs, building strong partnerships, and ensuring fast, sustainable progress