Author: Nasantsatsral B

GOLDEN COIN CHILD SAVINGS PROMOTION

Post author By Nasantsatsral B
Post date May 15, 2023

In anticipation of the International Children’s Rights Day, our dear customer has launched an incentive program for the “Altan Zoos” children’s savings account, which will lead your beloved children to a bright future, until 05.15-06.09, 2023.

During the incentive program, “Golden coin” will give a bonus of 10,000 MNT to each customer who increases their income by more than 50,000 MNT in their child’s savings account and opens a new savings account.

General product conditions

TERMS		ANNUAL INTEREST RATES	INTEREST RATE UPON EARLY TERMINATION OF CONTRACT /ANNUAL/	MINIMUM DEPOSIT
MNT	Golden coin	13.50%	4.80%	10,000

CLICK HERE for product details.

Please visit our branch units near you and participate in the promotion.

News

THE INTEREST ON DEMAND DEPOSITS INCREASED

Post author By Nasantsatsral B
Post date May 5, 2023

TransBank has increased the interest rate on MNT deposits and offers the highest interest rate and flexible terms to our dear customers.

By choosing a fixed-term deposit product, customers can accumulate the highest interest rate on the market, benefit from interest income, and make income and expenditure transactions at any time.

The annual interest rate for MNT demand deposits:

MINIMUM DEPOSIT REQUIREMENT	EFFECTIVE INTEREST RATE	INTEREST RATE
99,999,999 MNT	8.00%	8.30%
100,000,000-499,999,999 MNT	9.00%	9.381%
More than 500,000,000 MNT	10.00%	10.471%

Also, the Transport Development Bank has increased interest rates on all types of term deposits. CLICK HERE for more information on deposit products.

Bank's history and highlights

2023 оны 5-р сар

Post author By Nasantsatsral B
Post date May 1, 2023

Тээвэр хөгжлийн банк Монгол улсын ТОП-100 аж ахуйн нэгжээр тодорлоо.

Annual report

2022

Post author By Nasantsatsral B
Post date April 30, 2023

News

TRANSBANK’S UNAUDITED FINANCIAL STATEMENT FOR 2023 Q1

Post author By Nasantsatsral B
Post date April 21, 2023

As of the first quarter of 2023, the bank’s total assets reached 1.1 trillion MNT, a 34 percent increase from the same period last year, and net profit was 3.5 billion MNT.

During the reporting period, the bank fully met the appropriateness criteria.

TransBank has established its first international representative office in Tokyo, the capital of Japan, and is increasingly expanding its product and service channels to deliver to customers. Also, Asia Fund and Gerege Systems Ltd. jointly started work on a benchmark project for the joint development of “Bank loan products for women entrepreneurs in micro and small businesses”.

Click here for the financial report for the first quarter of 2023.

Quarterly financial statements

As of March 31, 2023

Post author By Nasantsatsral B
Post date April 18, 2023

(MNT million)

Balance sheet		31/03/2023
1	ASSET
1.1	Cash and cash equivalents	313,498
1.2	Due from banks and financial institutions	75,269
1.3	Financial investments	89,237
1.4	Loans and advances to customers (net)	567,373
1.4.1	Performing loans	508,338
1.4.3	Non-performing loans	76,442
1.4.4	Deferred loan payment	(134)
1.4.5	Accrued interest receivable	14,405
1.4.6	Loan Loss Provision	(31,678)
1.5	Derivative financial assets	4,412
1.6	Other financial assets	536
1.7	Other non-financial assets	19,452
1.8	Fixed assets (net)	24,351
1.9	Intangible assets	10,401
1.10	Total assets	1,104,529
2	Liabilities
2.1	Current account	90,942
2.2	Savings account	439,542
2.3	Due to banks and financial institutions	339,762
2.4	Other funds	20,703
2.5	Derivative financial liabilities	5,743
2.6	Other liabilities	18,021
2.7	Total liabilities	914,713
3	Equity
3.1	Share capital	146,474
3.2	Share premium	15,647
3.3	Treasury shares	(7,032)
3.4	Revaluation surplus	–
3.5	Retained earnings /loss/	34,670
3.6	Other reserves	57
4	Total equity	189,816
5	Total liabilities and equity	1,104,529

(MNT million)

Income statement		31/03/2023
1	Interest income	28,666
1.1	From Bank of Mongolia	1,450
1.2	Other banks & financial institutions	714
1.3	From securities	1,801
1.4	From loans	22,442
1.5	Other interest income	2,259
2	Interest expense	17,630
2.1	Interest expense on current account	436
2.2	Interest expense on savings account	13,279
2.3	Interest expense on borrowed funds	536
2.4	Interest expense on securities	490
2.5	Other interest expense	2,889
3	Net interest income (1-2)	11,036
4	Provision expenses (provision reverse income)	2,168
4.1	Deposits at other banks and financial institutions	–
4.2	Securities	–
4.3	Loans	2,168
5	Net interest income after provision [(3)-(4)]	8,868
6	Other income	7,141
6.1	Non-interest income	7,081
6.1.1	Trading income	2,262
6.1.2	Exchange and revaluation adjustment expense	4,365
6.1.3	Fees and commission income	409
6.1.4	Other non-interest income	45
6.2	Other income	60
7	Other expense	12,273
7.1	Non-interest expense	12,242
7.1.1	Other provision expense	158
7.1.2	Trade expense	2,407
7.1.3	Exchange and revaluation adjustment expense	3,082
7.1.4	Fees and commission expense	472
7.1.5	Other operating expense	6,123
7.2	Other expense	31
8	Profit Before Tax (5+6-7)	3,736
9	Income tax expense	200
10	Profit After Taxes (8-9)	3,536
11	Other comprehensive income	–
12	Total comprehensive income for the year (10+11)	3,536

(MNT million)

Off balance sheet items	31/03/2023
Contingencies and commitments (net)	9,149

Prudential ratios by the Bank of Mongolia	Limit	31/03/2023
Tier 1 ratio	≥ 9%	26.7%
Capital adequacy ratio	≥ 12%	26.7%
Liquidity	≥ 25%	37.6%
Foreign currency open position ratio (by each currency)	< ±15%	4.8%
Foreign currency open position ratio (total)	< ±30%	5.2%

(MNT million)

Related parties		Category of assets	Outstanding balance	% in total Equity
1	Loans and other equivalent assets provided to a related party (less than 5% of capital)			3.3%
1.1	Shareholders of the Bank	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	6,315	3.3%
2	Total Loans and other equivalent assets provided to related parties (less than 20% of capital)			14.3%
2.1	Shareholders of the Bank	Loan	100	0.1%
2.2	Key management personnel	Loan	1,344	0.7%
2.3	Other related parties	Loan	25,636	13.5%

News

TRANSBANK HAS OPENED ITS FIRST INTERNATIONAL REPRESENTATIVE OFFICE IN JAPAN

Post author By Nasantsatsral B
Post date April 17, 2023

TranspBank provides a wide range of swift, optimal products and services to fulfill the needs of its customers in addition to cooperating with businesses and business owners operating in the economically significant sectors of Mongolia.

Alongside the blooming of the cherry blossoms, symbolizing the time of a new beginning, TransBank has successfully held the inauguration ceremony of its first international representative office in Tokyo, Japan on April 7^th, 2023.

The long-lived friendly relationship, partnership, development and The Economic Cooperation Treaty between Japan and Mongolia has created a pleasant business environment to conduct our business enabling us to build a long-term close partnership with our customers and to establish the foundation of trust and near-future achievements.

Through our representative office, we will become a financial bridge to create opportunities of cooperation by connecting Japanese business owners and financial institutions to Mongolian businesses through providing accurate economic and market information of Mongolia.

Within the framework of sound cooperation and speed of growth based on the recognized needs of our customers, we are striving towards becoming a world-class bank.

Submit a request

Post author By Nasantsatsral B
Post date April 5, 2023

Sakura Term Deposit

Post author By Nasantsatsral B
Post date April 4, 2023

The Sakura Term Deposit is a secure savings product offered to customers in Japan, with competitive interest rates available for deposits in Mongolian Tugriks (MNT), as well as three other major foreign currencies.

Introduction to Tokyo Representative Office

Post author By Nasantsatsral B
Post date April 3, 2023

Within the framework of expanding its operations and increasing its market share, TransBank is engaging in various activities, including international banking, strengthening correspondent bank relations, and promoting Mongolia’s economic and market advantages to foreign organizations and entrepreneurs. As part of this effort, the bank has opened its representative office in Tokyo, Japan in accordance with the relevant laws of both countries based on the approvals granted by both the Financial Services Agency of Japan (on December 9, 2022) and the Bank of Mongolia (on January 25, 2023).

Introduction to TransBank

Post author By Nasantsatsral B
Post date April 3, 2023

Click here to learn more about TransBank.

Bank's history and highlights

2023 оны 4-р сар

Post author By Nasantsatsral B
Post date April 1, 2023

Олон улс дахь анхны төлөөлөгчийн газраа япон улсад нээлээ.

News

ТЭЭВЭР ХӨГЖЛИЙН БАНКНЫ 2022 ОНЫ 12-Р САРЫН 31-НИЙ ӨДРӨӨРХ АУДИТЛАГДСАН САНХҮҮГИЙН ТАЙЛАН

Post author By Nasantsatsral B
Post date March 31, 2023

Тээвэр хөгжлийн банк 2022 оны 12-р сарын 31-ний өдрөөрх Аудитлагдсан санхүүгийн тайлангаа танилцуулж байна.

2022 онд Тээвэр хөгжлийн банкны нийт актив 1.2 их наяд төгрөгт хүрч өмнөх оны үзүүлэлтээс 59.9 хувиар өссөн ба үүнд харилцагчдын харилцах, хадгаламж 60 хувь, гадаад хамтын ажиллагааны хүрээнд татсан эх үүсвэр 49 хувь өссөн нь гол нөлөө үзүүлж Тээвэр хөгжлийн банк их наядын хөрөнгөтэй арилжааны банк боллоо. Түргэн борлогдох актив 71 хувь, зээлийн багц 29 хувь өсөж, нийт актив 448 тэрбум төгрөгөөр нэмэгдсэнээр 10.7 тэрбум төгрөгийн ашигтай ажиллаж, өөрийн хөрөнгийн өгөөж 5.8 хувьд хүрлээ.

Өнгөрсөн жилийн хугацаанд Тээвэр хөгжлийн банк нь санхүүгийн үйлчилгээг харилцагчдадаа шуурхай хүргэх үүднээс Интернэт банк, TransBank аппликэйшнаа шинэчлэн шинэ өнгө төрхтэй, хялбар, ухаалаг болгон танилцуулж, WeChat Pay төлбөр хүлээн авах үйлчилгээг Монголд анхлан нэвтрүүлээд зогсохгүй олон улсын дахь хамтын ажиллагаагаа өргөжүүлэн тэлж Сингапур болон Европ дахь нэр хүндтэй хувийн банкнуудтай хамтын ажиллагааг амжилттай эхлүүлэн ажиллалаа.

Тээвэр хөгжлийн банкны 2022 оны Аудитлагдсан Санхүүгийн Тайлангийн дэлгэрэнгүйтэй ЭНД дарж танилцана уу.

External audit report

2022

Post author By Nasantsatsral B
Post date March 29, 2023

Submit a request

Relevant considerations

Post author By Nasantsatsral B
Post date March 28, 2023

Prior to submitting the registration form, it’s crucial to carefully read and review each question and ensure that all information is entered accurately and completely. The applicant bears full responsibility for any consequences resulting from providing incorrect, false information in the registration form.
Any relationship related to the account opening process shall be regulated in accordance with the relevant laws of Mongolia and the deposit agreement concluded with the Bank.
The applicant must fill out the account forms and agreement, and have such documents be verified by twither the Embassy of Mongolia, Consulate, or Representative office, and mail the verified documents to the Transport and Development Bank as per the directions given in the bank’s official email.
The bank will either open the account within five business days of receiving the customer’s documents and completing the necessary review, or refuse to open the account if the submitted documents do not meet the legal requirements.
The Transport Development Bank will exclusively use the email address info.tokyo@transbank.mn to send all communications concerning customer account opening services. If you receive any information from a different email address, please report it immediately to the aforementioned email address.
Please note that the account will be closed if there is no income in the opened account within 30 days from the day of receiving the e-mail.
It is your responsibility to maintain the confidentiality of your account information and internet banking login name and password, and the Bank cannot be held accountable for any repercussions resulting from the misuse of this information by third parties.