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Financial education News

TRANSBANK HAS BEEN AWARDED BEST PRIVATE BANK IN MONGOLIA

The internationally renowned Global Banking & Finance Review magazine which recognizes excellence, innovation, and leadership in the banking and financial sector has announced the winners of the Global Banking & Finance Awards 2025, selecting TransBank as the Best Private Bank Mongolia.

This award is a clear recognition of TransBank’s achievements in continuously expanding its operations and client base, delivering products and services tailored to customers and informed by leading international private-banking practices, and successfully implementing a consistent, phased strategy in this field thereby ensuring a high level of customer satisfaction.

As Mongolia’s first specialized private bank, TransBank places utmost importance on ensuring the highest level of client information security in full compliance with international standards. Through its VIP-class business lounge and branch network, the bank not only provides traditional banking products and services, but has also established a comprehensive private-banking ecosystem tailored to clients’ lifestyles and financial needs.

Through its internationally accredited private bankers, the bank offers flexible, client-specific solutions and high-yield products, while also providing comprehensive advisory services in wealth management, personal finance, taxation, and insurance. In addition, it delivers concierge services tailored to clients’ luxury lifestyles and has established strategic partnerships with prestigious private banks in Singapore and Switzerland, thereby enabling its clients to access private-banking services that meet international standards.

TransBank’s CEO, B. Erdenebayar, emphasized: “This award is the result of our team’s consistent efforts and the trust our clients place in us. We value being a long-term partner who not only provides financial products and services but also works together with clients to enhance the value of their businesses. Moving forward, we will continue to strive to deliver private banking products and services that meet international standards, integrated with comprehensive wealth management solutions.”

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Ratings

Fitch Ratings credit rating agency

On September 3, 2025, Fitch Ratings assigned TransBank its first-time credit rating with a Stable Outlook.

In its report, Fitch highlighted that TransBank’s loan portfolio grew by 20% in the first half of 2025, reflecting strong expansion above the industry average. The Bank’s capital adequacy ratio stood at 21%, exceeding the regulatory minimum of 12% by 9 percent, demonstrating solid risk-bearing capacity.

TransBank had been rated by Moody’s Investors Service since 2018, up until 2025, the Bank is now rated by Fitch Ratings, with its credit outlook showing an improved assessment.

Fitch also assigned a Short-Term Issuer Default Rating of ‘B’, which is in line with the systematically important commercial banks, underscoring the Bank’s ability to compete in international markets.

According to Fitch, Mongolia’s medium-term economic growth trend provides a favorable operating environment for the banking sector overall.

Through this rating, TransBank is further strengthening its position in both domestic and international markets, while continuing to uphold the trust of its customers and partner institutions.

Credit Ratings

Sep 03, 2025

OutlookStable
Long-Term Issuer Default RatingВ-
Short-Term Issuer Default RatingB
Viability Ratingb-