Category: Bank’s history and highlights

TransBank has successfully started cooperation with leading private banks in Singapore and Europe.

The official website of the bank has been newly developed with updates into the design.

TransBank has rejoined the campaign to plant 50 million trees by the year 2030 within the framework of the “Billion Tree” National Movement.

The service of accepting payments through the “WECHAT PAY” system has been introduced in Mongolia for the first time.

The audit of the Oracle system was conducted by an international firm.

Initiated the implementation the 7 main principles of green investment of the Belt and Road Initiative into the daily banking operations.

The decision to become a joint-stock company was made.

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.