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Financial education News

TRANS BANK PRESENTS FINANCIAL REPORT FOR THE 4TH QUARTER OF 2024

As of December 31, 2024, the total assets of the Transport Development Bank reached 1.1 trillion turgriks.

As a result of improving asset quality and ensuring growth in sources during the reporting period, net profit reached 11.6 billion tugriks, and the loan risk-bearing capacity ratio increased to 87 percent, an increase of 26 percentage points from the previous year.

The ratio criteria set by the Bank of Mongolia are within reasonable limits. The quick ratio is 31.8 percent, and the minimum capital adequacy ratio is 25.2 percent, exceeding the minimum capital adequacy ratio by 13.2 percentage points.

During the reporting period, Trans Bank improved its customer service culture and standards, and improved its risk management and internal operations. As a result, it increased service availability, scope, efficiency, and competitiveness, and improved its long-term financial capacity and stability.

Please click HERE for detailed financial information

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Financial education

BECOMES ONE OF THE “TOP-100” BUSINESS UNITS IN MONGOLIA

For the 23rd year, the Trans Bank has once again been recognized as one of the “TOP-100” enterprises in Mongolia, organized by the Government of Mongolia and the Ministry of Transport and Communications, and received this prestigious award.

When ranking and recognizing “TOP-100” businesses, five main indicators are considered: annual revenue, taxes paid to the state budget, number of employees who paid social insurance, profit, and assets. The ranking is based on official data, reports, and figures from the Ministry of Finance, General Tax Administration, General Customs Administration, General Social Insurance Administration, General State Registration Administration, and National Statistics Committee.

In recent years, Trans Bank has been providing private banking services in line with international standards, and as a result of business expansion and stable growth in net profit, it has rightfully become one of the largest taxpayers in Mongolia.

We provide products and services based on international best practices and modern advanced technologies to reduce the financial risks of our customers. We have also created our own independent card system and through it, we are introducing high-end card services with pure metal construction.

In addition, the bank has opened “Representative Offices” in Beijing, China, and Tokyo, Japan, serving as a key window to promote Mongolian business sectors and banking products and services to customers in those countries.

We would like to express our gratitude to our customers and partners for their continued cooperation.

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Financial education News

TRANS BANK OPENS NEW BRANCH IN “MINISTER TOWER”

Trans Bank, a provider of international-standard private banking services, has opened a new branch in Minister Tower to further expand its operations and provide accessible financial services to its growing customer base.

The branch opening ceremony was attended by customers, representatives of business organizations, and executives of the Trans Bank.

The Minister Tower branch will deliver banking products and services tailored to the needs and lifestyles of its customers in a high-class, comfortable environment, through qualified private bankers.

The Minister Tower branch will serve customers from Monday to Friday from 09:00 to 17:00, and the branch will provide customers with a one-stop, fast access to all banking services.

Information about Trans Bank branches and products and services can be obtained from the bank’s official website www.transbank.mn or by calling the customer service number 1800-9999.

Dear customers, welcome to the new branch of Trans Bank.