Category: Brief introduction of the bank

The Internet Bank and Transbank applications have been updated with a new look and has become easier and smarter.

The Bank became a Direct Participant in OTC Market Trading.

The Bank opened USD and SGD Nostro accounts with the Oversea-Chinese Banking Corporation (OCBC), Singapore

Moody’s has assigned the Bank Baseline Credit Assessment (BCA) of B3 for 3 consecutive years, which is the same as the Government of Mongolia.

The Bank established a correspondent relationship with Sumitomo Mitsui Banking Corporation, Japan.

In accordance with the Banking Law and the Company Law, the Transport and Development Bank and the Credit Bank merged in accordance with the approval issued by the Bank of Mongolia on July 27.

The Bank first introduced the international high-class UnionPay Platinum and Diamond credit cards.

The Bank introduced current and saving accounts for safekeeping the physical gold to improve the financial planning abilities of its gold mining customers.

International rating agency Moody’s has set a base credit rating of the Bank at B3, same as the Mongolian government’s.

The Bank’s share capital was increased by MNT 22 billion to MNT 100 billion. As of the third quarter of 2020, the Bank ranked second in terms of share capital.

Within the framework of social responsibility, the Bank initiated a campaign to fully exempt its service fee and commissions. The fees for the e-banking, Most Money, and text message services were reduced to MNT 0 in 2020.

The Bank successfully worked as a co-underwriter in the IPO issuance of “Bodi Daatgal LLC” under its underwriting license.

Within the framework of social responsibility, the Bank successfully launched the “Children’s Bank” project aimed to provide financial education to young children. A “Children’s Bank” was built in the “Cute Owl” Child-Parent Training and Research Center.

The Bank signed a memorandum of understanding with “Development Solitions” NGO to support its’ customers who are Small and Medium business owners.

The Bank was awarded the “Best socially responsible bank” by the Asia Money magazine.