Introduced SWIFT GPI for enhanced transparency and speed in cross-border payments.
Author: Nasantsatsral B
Became the first commercial bank in Mongolia to implement the TranzAxis payment system.
Became the 6th bank in Mongolia to join Visa International as a principal member.
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July 2023
Joined the Partnership for Carbon Accounting Financials (PCAF), headquartered in the Netherlands.
RECOGNIZED AS ONE OF THE “TOP-100” BUSINESS UNITS IN MONGOLIA
The TransBank ranked 88th in the TOP-100 competition, which is jointly organized by the Government of Mongolia and the Mongolian National Institute of Technology and Innovation, recognizing and honoring the best enterprises that make a real contribution to the country’s social and economic development.
The “TOP-100” were selected and honored based on key indicators such as annual revenue, taxes paid to the state budget, the number of employees who paid social insurance, profits, and assets.
TransBank, one of the oldest commercial banks in Mongolia, was founded in 1997 and is now in its 26th year of providing financial services with a professional approach, reliability, and speed.
We are always an innovator in our industry and a reliable financial partner bank that values shared values. We also provide our customers with international-standard private banking services, leading international banking and financial expertise, and modern, advanced technology, while emphasizing customer-centric services that meet their every need, and focusing on transparent and sustainable operations.
The bank’s financial performance has been growing rapidly year after year, and its position in the banking system is expanding. Last year was a special year, with total assets reaching 1.2 trillion tugriks, an increase of 59.9 percent over the previous year.
We would like to thank all of our valued customers and organizations for trusting us and working together to make a real contribution to economic development.
In celebration of International Children’s Day, our dear customers have launched a promotional program for their “Golden Coin” children’s savings accounts, which will lead your beloved children to a bright future, from 2023.05.15 to 06.09
During the promotional program, “Altan Zoos” will give an additional bonus of 10,000 tugriks to every customer who increases their income by more than 50,000 tugriks to their children’s savings account or opens a new deposit.
General Product Terms
| CATEGORY | ANNUAL INTEREST | EARLY CANCELLATION INTEREST | MINIMUM BALANCE | |
| MNT | Golden coin Children’s depsosit | 13.50% | 4.80% | 10,000 tugriks |
Please visit our branches near you and take advantage of the promotions.
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May 2023
Recognized among Mongolia’s Top 100 Enterprises.
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April 2023
Opened its first international representative office in Japan.
Mr. Enerelt B. was appointed as Chief Executive Officer of TransBank.
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DEAR CUSTOMERS
The following changes will be made to the terms and conditions of the TransBank’s demand deposits starting from January 1, 2023.
| Tugriks | US Dollar | Euro | Yuan | Yen |
| 8.0% | 1.2% | 1.20% | 1.20% | 1.20% |
The above conditions will apply if the validity period of the Law “On Prevention and Combating the Coronavirus Disease (COVID-19) Pandemic and Mitigating its Negative Impact on Society and the Economy” expires on December 31, 2022, in accordance with Article 18, Clause 18.1 of the Law.