Category: News

The internationally renowned Global Banking & Finance Review magazine which recognizes excellence, innovation, and leadership in the banking and financial sector has announced the winners of the Global Banking & Finance Awards 2025, selecting TransBank as the Best Private Bank Mongolia.

This award is a clear recognition of TransBank’s achievements in continuously expanding its operations and client base, delivering products and services tailored to customers and informed by leading international private-banking practices, and successfully implementing a consistent, phased strategy in this field thereby ensuring a high level of customer satisfaction.

As Mongolia’s first specialized private bank, TransBank places utmost importance on ensuring the highest level of client information security in full compliance with international standards. Through its VIP-class business lounge and branch network, the bank not only provides traditional banking products and services, but has also established a comprehensive private-banking ecosystem tailored to clients’ lifestyles and financial needs.

Through its internationally accredited private bankers, the bank offers flexible, client-specific solutions and high-yield products, while also providing comprehensive advisory services in wealth management, personal finance, taxation, and insurance. In addition, it delivers concierge services tailored to clients’ luxury lifestyles and has established strategic partnerships with prestigious private banks in Singapore and Switzerland, thereby enabling its clients to access private-banking services that meet international standards.

TransBank’s CEO, B. Erdenebayar, emphasized: “This award is the result of our team’s consistent efforts and the trust our clients place in us. We value being a long-term partner who not only provides financial products and services but also works together with clients to enhance the value of their businesses. Moving forward, we will continue to strive to deliver private banking products and services that meet international standards, integrated with comprehensive wealth management solutions.”

Your Financial Partner in Accelerating Growth

Тээвэр хөгжлийн банкны 2025 оны III улирлын байдлаар нийт активын хэмжээ 1.5 их наяд төгрөгт хүрч, нийт татан төвлөрүүлсэн харилцах, хадгаламжийн үлдэгдэл өмнөх оны мөн үеэс 96 хувиар өссөнөөр 1.0 их наяд төгрөгт хүрэв. Тус хугацаанд мөнгөний нийлүүлэлт 7 хувиар өссөн орчинд банкны өсөлт зах зээлийн өсөлтөөс ойролцоогоор 8 дахин өндөр гүйцэтгэлтэй байв. Тайлант хугацаанд активын өгөөжийг нэмэгдүүлэн, зардлын үр ашгийг сайжруулснаар 10.3 тэрбум төгрөгийн цэвэр ашигтайгаар нийт 12.7 тэрбум төгрөгийн татварыг улсын төсөвт бүрдүүлэн ажиллалаа.

Банк нь Монголбанкнаас тогтоосон зохистой харьцааны шалгуур үзүүлэлтүүдийг бүрэн ханган ажиллаж байна. Төлбөр түргэн гүйцэтгэх чадварын харьцаа үзүүлэлт 40 хувь, өөрийн хөрөнгийн зохистой харьцааны доод түвшнийг 10 нэгж хувиар давуулан биелүүлж 20 хувьд хүрсэн нь банкны салбарт тэргүүлэх үзүүлэлттэй байна.

Банк нь үйл ажиллагааны чанар, эрсдэлийн удирдлага, харилцагчийн үйлчилгээний стандартуудыг тасралтгүй сайжруулсны үр дүнд үйлчилгээний хүртээмж, үр ашиг болон өрсөлдөх чадвараа нэмэгдүүлж, урт хугацааны санхүүгийн тогтвортой байдал, харилцагч болон түншүүдийнхээ итгэлийг улам бэхжүүллээ.

2025 оны 3 дугаар улирлын онцлох үйл явдлаас:

• Тээвэр хөгжлийн банк нь Монгол Улсын Засгийн газар, МҮХАҮТ-аас 24 дэх жилдээ зохион байгуулагдсан “ТОП-100” аж ахуйн нэгжийн нэгээр шалгарсан.
• БНХАУ-ын Олон улсын банк хоорондын юанийн төлбөр тооцооны CIPS системийн “Шууд оролцогч” гишүүн банкны шалгуурыг ханган Монгол улсад төдийгүй зүүн хойд Азид амжилттайгаар нэвтрүүлсэн анхны банк болсон.
• Тээвэр хөгжлийн банк нь Монгол Улсын хөгжлийн төлөвлөгөөнд багтсан дэд бүтцийн төслийг дэмжих бондын үйл ажиллагаанд үндсэн андеррайтераар оролцон бондын зорилтот санхүүжилтийг амжилттай татан төвлөрүүлээд байна.
• Картын төлбөр тооцооны аюулгүй байдлыг хангах PCI-DSS стандартыг үйл ажиллагаандаа богино хугацаанд амжилттай нэвтрүүлсэн байна.

• Тээвэр хөгжлийн банкны зээлжих зэрэглэлийн хэтийн төлөвийг Fitch Ratings агентлагаас Тогтвортой хэмээн үнэлэв.
• Тээвэр хөгжлийн банк нь  олон улсын 100 гаруй улсад  ашиглагддаг UnionPay аппликэйшнд нэгдэж, харилцагчдадаа гадаад төлбөр тооцоог карт болон бэлэн мөнгө авч явах шаардлагагүй зөвхөн өөрийн гар утсаа ашиглан төлбөрөө хормын дотор аюулгүй хийх боломжийг бүрдүүллээ.

Бидэнтэй үргэлж хамт байдаг харилцагч, түнш, хөрөнгө оруулагч, ажилтнуудынхаа хамтын ажиллагаанд талархал илэрхийлье.

Any information that can identify you is considered personal information. Collecting, using, or sharing such information without your consent is prohibited by law. This may include:

1. Identity information: Name, national ID and ID registration number;
2. Contact information: Phone number, email, residential address;
3. Financial information: Bank accounts, card numbers, transaction history;
4. Health information: Diagnosis, treatment details, social welfare;
5. Digital footprint: Location data, social media posts, photos.

Some service providers may request your personal information under applicable law. Always ensure you understand why it is required and how it will be protected before sharing.

HOW TO PROTECT YOUR PERSONAL DATA?

1. Use strong, unique passwords;
2. Do not share sensitive details over phone, text, or social media;
3. Only download banking or government apps from official sources;
4. Avoid clicking on suspicious links, emails, or messages;
5. Monitor your account activity frequently and report any unusual transactions immediately.

Mismanaging personal information online can expose your finances, reputation, and securityto serious risks. By protecting your data, you safeguard your life.

YOUR PERSONAL DATA = YOUR LIFE’S SECRETS

To ensure the safe use of your payment card, please protect your card’s sensitive information.

1. Regularly monitor your daily card transactions via your internet banking account, email notifications, or by subscribing to SMS alerts for real-time updates;
2. Keep your card’s sensitive data (such as card number, CVV code, and PIN) confidential and never share it with others;
3. Avoid making transactions using magnetic stripe cards when possible, opt for chip-enabled or contactless options instead;
4. Always enter your PIN by yourself at ATMs or POS terminals and never disclose it to others;
5. When using an ATM, carefully inspect the card reader area for hidden cameras or any suspicious devices that may be used to steal your card information;
6. When shopping online, ensure the website is secured with SSL (look for “https://” in the URL) before entering your card details;
7. Do not open suspicious links or attachments from unknown sources, and never enter your card information on unverified sites;
8. If you change your registered phone number or email address, update your contact details via your nearest branch or through internet banking;

9. If your card is lost or stolen, immediately block it using the following channels:

10.       Call the customer service hotline at 1800-1999 to block your card;
11.       Deactivate your card through Internet Banking;
12.       Visit the nearest branch to you.

Instructions to deactivate your card via Internet banking:

If any unauthorized, suspicious, or doubtful transactions are made with your card, you must immediately contact the bank and request an investigation.

As part of its commitment to advancing technological innovation and expanding international connectivity in Mongolia’s financial sector, TransBank has successfully established a partnership with China’s leading technology company, Pax Computer Technology (Shenzhen) Co., Ltd.

Through this collaboration, TransBank is fully equipped with the necessary hardware, software solutions, and professional consulting and support services provided by PAX Technology, enabling seamless integration into the global digital financial network.

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PAX Technology – A Trusted Partner in Global Payment Infrastructure

Pax Computer Technology (Shenzhen) Co., Ltd is a globally recognized provider of advanced payment technologies, offering payment devices, smart POS terminals, and fintech solutions across more than 120 countries. The company delivers cutting-edge, internationally compliant solutions that power the global payments ecosystem.

In addition to hardware supply, PAX Technology also offers a comprehensive suite of services, including:

1. System architecture planning;
2. Integration and data protection solutions;
3. Specialized software and device management tailored for banks and financial institutions.

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Technological Foundation for CIPS Integration

TransBank has successfully ensured the reliable operation of its connection to the international CIPS (Cross-Border Interbank Payment System) for RMB settlements by fully implementing the required technical infrastructure and software solutions through PAX Technology.

This has enabled TransBank to:

1. Unlock new opportunities for conducting RMB transactions with China and other international partners;
2. Leverage the latest, secure, and high-speed transaction technologies for cross-border payments.

TransBank offers you the convenience and security to link your UnionPay card to the UnionPay app, which is accepted in over 100 countries worldwide, making your international payments easier and safer.

The UnionPay app is a digital platform that not only allows you to make international payments but also offers a variety of financial services in one place, including online shopping, sending international remittances, and accessing country-specific discounts and promotions.

Advantages of Making Payments with the UnionPay App:

1. Since most payments in China are accepted via WeChat and Alipay, linking your card to the UnionPay app allows you to make payments directly anywhere – whether in taxis, metro stations, or stores – without any additional fees.
2. By linking your card to the UnionPay app, there’s no need to carry cash; you can pay instantly using just your mobile phone.
3. UnionPay is certified with high information security standards, ensuring your card details are fully protected from leakage.
4. Additionally, you can enjoy special discounts and promotions every time you shop at over 60 million merchants registered in the UnionPay International network.

To use the UnionPay app, you need to link only a UnionPay-branded card. If you are not yet a customer, click HERE to learn more about TransBank’s UnionPay card.

TransBank has become the first bank in Mongolia and Northeast Asia to join China’s Cross-Border Interbank Payment System (CIPS) as a Direct Participant, further strengthening its international presence in global payment networks.

With the successful implementation of CIPS, TransBank is pleased to announce that all yuan-denominated international transfers will be processed free of charge until December 31, 2025, supporting our customers’ trade and business activities with greater ease and efficiency.

Key Advantages of CIPS Direct Participation

1. Direct Connectivity – Transactions are routed without intermediary banks.
2. Faster Processing – Payments reach beneficiaries within the same day, in as little as two hours.
3. No Intermediary Fees – Enjoy seamless transfers with no additional correspondent charges.
4. Global Reach – Connected to over 1,700 banks across more than 100 countries.
5. Enhanced Security – Fully compliant with ISO 20022 standards and safeguarded under the supervision of the People’s Bank of China.

Benefits

1. Conduct faster and more reliable yuan transactions with partners in China and worldwide.
2. Reduce costs and enhance competitiveness in international trade.
3. Strengthen trust with business partners through secure, transparent transactions.
4. Take advantage of fee-free yuan transfers until December 31, 2025.

Currently, TransBank maintains correspondent relationships with 16 leading international banks and operates 33 nostro accounts in nine major currencies, including USD, EUR, CNY, JPY, GBP, RUB, SGD, HKD, and TRY, ensuring fast and secure cross-border settlements.

We invite all our customers to visit the nearest TransBank branch and experience the benefits of CIPS-powered yuan transfers – fast, reliable, and free of charge until year-end 2025.

On September 3, 2025, Fitch Ratings assigned TransBank its first-time credit rating with a Stable Outlook.

In its report, Fitch highlighted that TransBank’s loan portfolio grew by 20% in the first half of 2025, reflecting strong expansion above the industry average. The Bank’s capital adequacy ratio stood at 21%, exceeding the regulatory minimum of 12% by 9 percent, demonstrating solid risk-bearing capacity.

TransBank had been rated by Moody’s Investors Service since 2018, up until 2025, the Bank is now rated by Fitch Ratings, with its credit outlook showing an improved assessment.

Fitch also assigned a Short-Term Issuer Default Rating of ‘B’, which is in line with the systematically important commercial banks, underscoring the Bank’s ability to compete in international markets.

According to Fitch, Mongolia’s medium-term economic growth trend provides a favorable operating environment for the banking sector overall.

Through this rating, TransBank is further strengthening its position in both domestic and international markets, while continuing to uphold the trust of its customers and partner institutions.

Credit Ratings

Outlook	Stable
Long-Term Issuer Default Rating	В-
Short-Term Issuer Default Rating	B
Viability Rating	b-

 

TransBank has implemented Multi-Factor Authentication (MFA) for its internet banking service.

This authentication adds an extra layer of security by requiring users to complete an additional verification step when logging in, rather than relying solely on a password.

Why is MFA (Multi-Factor Authentication) important?

1. It helps protect customers’ personal information even if passwords are compromised;
2. It prevents cyber fraud and various types of SMiShing attacks;

3. It ensures a high level of security for both individual and organizational data.

Additionally, for transactions exceeding MNT 5 million for individuals and MNT 20 million for organizations, the OTP verification step can be replaced with MFA (Multi-Factor Authentication).

We provide our customers with instructions on how to perform multi-factor authentication on TransBank’s Internet Banking platform.

SMiShing (SMS Text Phishing) is a type of fraud that has become widespread internationally. Taking advantage of the widespread use of mobile phones for sending and receiving messages, there has been an increasing trend of deception, cyber fraud, and attacks on personal information. In response, we provide the following warnings and recommendations.

1. Be cautious with messages received via phone – Carefully verify links and messages from unknown numbers before opening or responding. Only engage if you are confident about the sender.
2. Do not click on suspicious links – Avoid opening links from unknown or doubtful sources as this is an important step to protect your information.
3. Be careful when scanning QR codes – Even if the source seems trustworthy, always verify and confirm the destination address before proceeding.
4. Keep your device and applications updated regularly – Updates improve security and help prevent attacks.

The bank will never request you to provide confidential information such as your internet banking username or password. If you receive such a request, it is crucial to verify the authenticity of the sender’s official email address and phone number to protect yourself from potential risks.

Cybersecurity starts with your responsibility.