Author: Nasantsatsral B

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International Banking Services

Professional team

By using financial instruments such as project financing and syndicated lending, we offer our customers the ability to attract funds from foreign markets.

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International Banking Services

Comprehensive banking products and services

In cooperation with internationally renowned banks and financial institutions in the fields of trade finance, project finance and international payments, we offer our customers a comprehensive range of products and services tailored at customers convenience.

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Consular verification of documents, information on apostille certificates and process drawings

Апостиль гэрчилгээ

Монгол Улсын бичиг баримтыг гадаадын улс орнуудад хэрэглэх тохиолдолд апостиль гэрчилгээгээр баталгаажуулах шаардлагатай. Ингэснээр ямар нэг дахин баталгаажуулалт шаардахгүйгээр таны бичиг баримт Апостиль конвенцийн гишүүн 121 улсад хүчин төгөлдөр болох юм. КОНСУЛЫН ГАЗАРТ ХАНДАН ДАРААХ ТӨРЛИЙН БИЧИГ БАРИМТАД АПОСТИЛЬ ГЭРЧИЛГЭЭ АВАХ БОЛОМЖТОЙ: – Иргэний үнэмлэх, паспорт, төрсний болон гэрлэлтийн гэрчилгээ зэрэг бүх төрлийн иргэний бүртгэлийн гэрчилгээ, – Иргэний бүртгэлийн болон цагдаагийн тодорхойлолт – Бүх шатны боловсролын гэрчилгээ – Шүүх, прокурорын шийдвэр – Төрийн захиргааны байгууллагаас олгодог бусад баримт бичиг – Бүрдүүлсэн баримт бичгийг тухайн улсад хэрэглэгдэх хэлээр баталгаат орчуулгын товчоогоор орчуулж, Монгол Улсын нотариатаар баталгаажуулсан байна.

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Translation of the law

Холбогдох хуулийн зүйл заалттай танилцана уу

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Financial education News

TRANSBANK ANNOUNCES 4TH QUARTER 2024 FINANCIAL REPORT

As of December 31, 2024, TransBank’s total assets reached MNT 1.1 trillion.

Through improvements in asset quality and growth in funding sources during the reporting period, the bank achieved a net profit of MNT 11.6 billion. Additionally, the credit risk-bearing capacity ratio increased to 87%, a 26-percentage-point rise compared to the previous year.

The bank’s prudential ratios remain within the regulation set by the Bank of Mongolia. The liquidity ratio stands at 31.8%, and the capital adequacy ratio is 25.2%, exceeding the required minimum by 13.2 percentage points.

During this period, TransBank made significant strides in enhancing its customer service culture, improving risk management practices, and optimizing internal operations. These efforts have bolstered the bank’s service availability, scope, efficiency, and competitiveness, while strengthening its long-term financial stability and capacity.

For detailed financial information, please click HERE.

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Submit a request

Relevant considerations

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. The Transport Development Bank will exclusively use the email address …………@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.
  6. 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.
  7. 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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Introduction to Tokyo Representative Office

Introduction to Tokyo Representative Office

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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Introduction to Tokyo Representative Office

Contact details

Contact
Name of Representative Office:   Tokyo Representative Office
Address: 〒100-0004　東京都千代田区大手町１－５ －１ 大手 町ファーストスクエア イースト\タワー４F
Telephone number:  03-5219-1440
Chief Representative: Hajime Uchida
E-mail address:     Tokyo.office@transbank.mn
Website: www.transbank.jp
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Quarterly financial statements

2024 year IV quarter

STATEMENT OF FINANCIAL POSITION

(MNT million)

1 ASSETS
1.1 Cash and cash equivalents

                          196,477
1.2 Due from banks and financial institutions

                            70,253
1.3 Financial investments

                          125,530
1.4 Loans and advances to customers (net)

                          636,839
1.4.1      Performing loans

                          619,776
1.4.2      Non-performing loans

                            59,125
1.4.3      Deferred loan payment

                                (103)
1.4.4      Accrued interest receivable

                               9,425
1.4.5      Loan loss provision

                          (51,384)
1.5 Derivative financial assets

                                  909
1.6 Other financial assets

                                  559
1.7 Other non-financial assets

                            33,092
1.8 Fixed assets

                            16,531
1.9 Properties held for sale

                            17,749
1.1 Intangible assets

                            12,927
1.11 Total assets

                      1,110,866

2 LIABILITIES
2.1 Current accounts

                            69,976
2.2 Savings accounts

                          505,198
2.3 Due to banks and financial institutions

                          177,796
2.4 Other funds

                          131,114
2.5 Derivative financial liabilities

                               2,109
2.6 Other liabilities

                            16,113
2.7 Total liabilities

                          902,306

3 EQUITY
3.1 Share capital

                          146,474
3.2 Share premium

                            15,647
3.3 Treasury shares

                            (7,032)
3.4 Retained earnings

                            53,434
3.5 Other reserves

                                     37
3.6 Total equity

                          208,560

4 TOTAL LIABILITIES AND EQUITY

                      1,110,866

(MNT million)

OFF BALANCE SHEET
Contingencies and commitments (net)  

                            13,808

 

INCOME STATEMENT

(MNT million)

1 Interest income

                          135,108

1.1      From Bank of Mongolia

                                  232
1.2      From banks and financial institutions

                                  873
1.3      From securities

                               7,815
1.4      From loans

                          124,115
1.5      Other interest income

                               2,073
2 Interest expense

                            86,845

2.1      Interest expense on current accounts

                               1,335
2.2      Interest expense on savings accounts

                            59,729
2.3      Interest expense on borrowed funds

                            20,195
2.4      Interest expense on securities

                                  404
2.5      Other interest expenses

                               5,182
3 Net interest income (1-2)

                            48,263

4 Provision expense

                            13,429

4.1      Deposits at banks and financial institutions

                                     23
4.2      Securities

                                      –
4.3      Loans

                            13,406
5 Net income after provision (3-4)

                            34,834

6 Other income

                            27,824

6.1 Non-interest income

                            27,577

6.1.1      Trading income

                            11,201
6.1.2      Foreign exchange and revaluation income

                            13,346
6.1.3      Fees and commission income

                               1,567
6.1.4      Other non-interest income

                               1,463
6.2 Other income, gain

                                  247
7 Other expenses

                            48,146

7.1 Non-interest expenses

                            46,977

7.1.1      Other provision expense

                               1,947
7.1.2      Trading expense

                               4,178
7.1.3      Foreign exchange and revaluation expense

                            12,751
7.1.4      Fees and commission expense

                               1,619
7.1.5      Other operating expenses

                            26,482
7.2 Other expenses, losses

                               1,169
8 Profit Before Tax (5+6-7)

                            14,512

9 Income tax expense

                               2,842
10 Net profit for the year (8-9)

                            11,670

11 Other comprehensive income

                                  (62)
12 Total comprehensive income for the year (10+11)

                            11,608

 

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA LIMIT PERFORMANCE
Tier 1 capital ratio

≥ 9%

25.2%
Capital adequacy ratio

≥ 12%

25.2%
Liquidity ratio

≥ 25%

31.8%
Foreign currency open position ratio (single currency)

< ±15%

8.2%
Foreign currency open position ratio (total)

< ±30%

12.3%

 

LOANS AND ADVANCES TO RELATED PARTIES CATEGORY OF ASSETS BALANCE
(MNT million)		 PERCENT OF TOTAL EQUITY
1 Loans and advances to a related party (less than 5% of total equity)

2.9%
1.1 Bank shareholders

–

–

–
1.2 Key management personnel

–

–

–
1.3 Other related parties

Loan

6,057

2.9%
2 Total loans and advances to related parties (less than 20% of total equity)

10.6%
2.1 Bank shareholders

Loan

100

0.0%
2.2 Key management personnel

Loan

1,090

0.5%
2.3 Other related parties

Loan

20,939

10.0%

 

Categories
Financial education News

BE ALERT FOR FRAUDULENT MESSAGES AND CALLS!

Smishing (SMS + Phishing): This refers to attempts to steal personal and financial information through fraudulent SMS messages.

Mishing (Mobile + Phishing): This involves using phone calls to deliver deceptive information aimed at tricking individuals into revealing sensitive data.

Recently, there has been an increase in attempts to illegally obtain personal and financial information through fake messages containing content such as:

  1. ““Your internet banking password has been locked; please reset your password.” (To activate the link, reopen the message or copy and paste the link into your Safari browser.)
  2. “Suspicious transactions have been detected on your account; please verify using the following link:” https://transbankmnonga.mn (redirects to a fraudulent website)

These messages are designed to unlawfully access your financial and personal information. Please avoid clicking on suspicious links or entering your information.

Our bank never requests your information online via such messages. Therefore, refrain from clicking on links from unknown sources to protect your data.

Important reminders:

  1. Do not provide personal information in response to unknown calls or messages.
  2. Always verify and confirm official sources before taking any action.
  3. In case of suspicion, contact the bank or relevant authorities directly.