Тээвэр хөгжлийн банк Монгол улсын ТОП-100 аж ахуйн нэгжээр тодорлоо.
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Author: Nasantsatsral B
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2022
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.
(MNT million)
|
Balance sheet |
31/12/2022 |
31/03/2023 |
|
| 1 | ASSET | ||
| 1.1 | Cash and cash equivalents |
483,493 |
313,498 |
| 1.2 | Due from banks and financial institutions |
69,136 |
75,269 |
| 1.3 | Financial investments |
12,279 |
89,237 |
| 1.4 | Loans and advances to customers (net) |
556,701 |
567,373 |
| 1.4.1 | Performing loans |
497,794 |
508,338 |
| 1.4.3 | Non-performing loans |
77,125 |
76,442 |
| 1.4.4 | Deferred loan payment |
(140) |
(134) |
| 1.4.5 | Accrued interest receivable |
11,399 |
14,405 |
| 1.4.6 | Loan Loss Provision |
(29,477) |
(31,678) |
| 1.5 | Derivative financial assets |
3,813 |
4,412 |
| 1.6 | Other financial assets |
694 |
536 |
| 1.7 | Other non-financial assets |
3,274 |
19,452 |
| 1.8 | Fixed assets (net) |
22,125 |
24,351 |
| 1.9 | Intangible assets |
10,486 |
10,401 |
| 1.10 | Total assets |
1,162,001 |
1,104,529 |
| 2 | Liabilities | ||
| 2.1 | Current account |
120,912 |
90,942 |
| 2.2 | Savings account |
400,133 |
439,542 |
| 2.3 | Due to banks and financial institutions |
404,291 |
339,762 |
| 2.4 | Other funds |
20,560 |
20,703 |
| 2.5 | Derivative financial liabilities |
5,840 |
5,743 |
| 2.6 | Other liabilities |
24,042 |
18,021 |
| 2.7 | Total liabilities |
975,778 |
914,713 |
| 3 | Equity | ||
| 3.1 | Share capital |
146,474 |
146,474 |
| 3.2 | Share premium |
15,647 |
15,647 |
| 3.3 | Treasury shares |
(7,032) |
(7,032) |
| 3.4 | Revaluation surplus |
– |
– |
| 3.5 | Retained earnings /loss/ |
30,030 |
34,670 |
| 3.6 | Other reserves |
1,104 |
57 |
| 4 | Total equity |
186,223 |
189,816 |
| 5 | Total liabilities and equity |
1,162,001 |
1,104,529 |
(MNT million)
| Income statement | 31/12/2022 | 31/03/2023 | |
| 1 | Interest income | 84,938 | 28,666 |
| 1.1 | From Bank of Mongolia | 415 | 1,450 |
| 1.2 | Other banks & financial institutions | 2,582 | 714 |
| 1.3 | From securities | 4,372 | 1,801 |
| 1.4 | From loans | 72,480 | 22,442 |
| 1.5 | Other interest income | 5,089 | 2,259 |
| 2 | Interest expense | 45,956 | 17,630 |
| 2.1 | Interest expense on current account | – | 436 |
| 2.2 | Interest expense on savings account | 37,816 | 13,279 |
| 2.3 | Interest expense on borrowed funds | 2,378 | 536 |
| 2.4 | Interest expense on securities | 1,711 | 490 |
| 2.5 | Other interest expense | 4,051 | 2,889 |
| 3 | Net interest income (1-2) | 38,982 | 11,036 |
| 4 | Provision expenses (provision reverse income) | 9,190 | 2,168 |
| 4.1 | Deposits at other banks and financial institutions | 768 | – |
| 4.2 | Securities | 69 | – |
| 4.3 | Loans | 8,353 | 2,168 |
| 5 | Net interest income after provision [(3)-(4)] | 29,792 | 8,868 |
| 6 | Other income | 31,544 | 7,141 |
| 6.1 | Non-interest income | 31,100 | 7,081 |
| 6.1.1 | Trading income | 19,213 | 2,262 |
| 6.1.2 | Exchange and revaluation adjustment expense | 10,497 | 4,365 |
| 6.1.3 | Fees and commission income | 1,390 | 409 |
| 6.1.4 | Other non-interest income | – | 45 |
| 6.2 | Other income | 444 | 60 |
| 7 | Other expense | 47,704 | 12,273 |
| 7.1 | Non-interest expense | 47,157 | 12,242 |
| 7.1.1 | Other provision expense | 58 | 158 |
| 7.1.2 | Trade expense | 15,191 | 2,407 |
| 7.1.3 | Exchange and revaluation adjustment expense | 9,376 | 3,082 |
| 7.1.4 | Fees and commission expense | 1,150 | 472 |
| 7.1.5 | Other operating expense | 21,382 | 6,123 |
| 7.2 | Other expense | 547 | 31 |
| 8 | Profit Before Tax (5+6-7) | 13,632 | 3,736 |
| 9 | Income tax expense | 2,944 | 200 |
| 10 | Profit After Taxes (8-9) | 10,688 | 3,536 |
| 11 | Other comprehensive income | (76) | – |
| 12 | Total comprehensive income for the year (10+11) | 10,612 | 3,536 |
(MNT million)
| Off balance sheet items | 31/12/2022 | 31/03/2023 |
| Contingencies and commitments (net) | 11,078 | 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% |
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 7th, 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.
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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.
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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).
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Click here to learn more about TransBank.
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2023 оны 4-р сар
Олон улс дахь анхны төлөөлөгчийн газраа япон улсад нээлээ.
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.
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2022
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Relevant considerations
- 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.
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Terms and conditions
| Sakura term deposit | Term | ||
| Tenor | MNT | USD | JPY |
| 12 months | 15.5% p.a | 7.0% p.a | 6.0% p.a |
| Penalty interest rate (annual) | 4.8% | 1.2% | 0.6% |
| Tenor of the term deposit can be extended only at the date of maturity | |||
| Minimum balance requirement | No minimum balance requirement | ||
| Interest capitalization | Interest on the deposit is paid to the customer’s current account on quarterly basis | ||
| Deposits | It is possible to deposit into the term deposit account | ||
| Withdrawals | On the date of maturity, to the customer’s own specified bank account | ||
| Issuance of deposit-backed loans and credit cards | N/A | ||
| Co-account holder | N/A | ||
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Features: · Customer can make deposit and withdraw transactions only between customer’s own bank accounts which is either a saving account or an account in a foreign bank under his/her title (Foreign remittance fees and charges related to the transaction shall be borne by the customer).
· Interest on the deposit is paid quarterly to the customer’s current account and relevant taxes will be deducted.
· At the end of term deposit contract, if no extension of the contract is requested, the deposit will be transferred to the demand deposit.
· If the customer does not deposit the fund within 30 days after the bank account opening, the customer will be contacted to clarify whether the account should be closed.
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