Category: News

Also, the Transport Development Bank has increased interest rates on all types of term deposits. CLICK HERE for more information on deposit products.

TranspBank provides a wide range of swift, optimal products and services to fulfill the needs of its customers in addition to cooperating with businesses and business owners operating in the economically significant sectors of Mongolia.

Alongside the blooming of the cherry blossoms, symbolizing the time of a new beginning, TransBank has successfully held the inauguration ceremony of its first international representative office in Tokyo, Japan on April 7^th, 2023.

The long-lived friendly relationship, partnership, development and The Economic Cooperation Treaty between Japan and Mongolia has created a pleasant business environment to conduct our business enabling us to build a long-term close partnership with our customers and to establish the foundation of trust and near-future achievements.

Through our representative office, we will become a financial bridge to create opportunities of cooperation by connecting Japanese business owners and financial institutions to Mongolian businesses through providing accurate economic and market information of Mongolia.

Within the framework of sound cooperation and speed of growth based on the recognized needs of our customers, we are striving towards becoming a world-class bank.

Тээвэр хөгжлийн банк 2022 оны 12-р сарын 31-ний өдрөөрх Аудитлагдсан санхүүгийн тайлангаа танилцуулж байна.

2022 онд Тээвэр хөгжлийн банкны нийт актив 1.2 их наяд төгрөгт хүрч өмнөх оны үзүүлэлтээс 59.9 хувиар өссөн ба үүнд харилцагчдын харилцах, хадгаламж 60 хувь, гадаад хамтын ажиллагааны хүрээнд татсан эх үүсвэр 49 хувь өссөн нь гол нөлөө үзүүлж Тээвэр хөгжлийн банк их наядын хөрөнгөтэй арилжааны банк боллоо. Түргэн борлогдох актив 71 хувь, зээлийн багц 29 хувь өсөж, нийт актив 448 тэрбум төгрөгөөр нэмэгдсэнээр 10.7 тэрбум төгрөгийн ашигтай ажиллаж, өөрийн хөрөнгийн өгөөж 5.8 хувьд хүрлээ.

Өнгөрсөн жилийн хугацаанд Тээвэр хөгжлийн банк нь санхүүгийн үйлчилгээг харилцагчдадаа шуурхай хүргэх үүднээс Интернэт банк, TransBank аппликэйшнаа шинэчлэн шинэ өнгө төрхтэй, хялбар, ухаалаг болгон танилцуулж, WeChat Pay төлбөр хүлээн авах үйлчилгээг Монголд анхлан нэвтрүүлээд зогсохгүй олон улсын дахь хамтын ажиллагаагаа өргөжүүлэн тэлж Сингапур болон Европ дахь нэр хүндтэй хувийн банкнуудтай хамтын ажиллагааг амжилттай эхлүүлэн ажиллалаа.

Тээвэр хөгжлийн банкны 2022 оны Аудитлагдсан Санхүүгийн Тайлангийн дэлгэрэнгүйтэй ЭНД дарж танилцана уу.

Банкны Хувьцаа эзэмшигчдийн ээлжит хурал зарлах тухай

Компанийн тухай хуулийн 59 дүгээр зүйл 59.4, 60 дугаар зүйлийн 60.1, 60.2, Банкны тухай хуулийн 31 дүгээр зүйлийн 31.3.4, Тээвэр хөгжлийн банкны Дүрмийн 11 дүгээр зүйлийн 11.3, 11.4, 11.6 дах заалт болон Банкны Төлөөлөн удирдах зөвлөлийн 2023 оны 3 дугаар сарын 17-ны өдрийн №Т/23-03 дугаартай тэмдэглэлийн дагуу “Тээвэр хөгжлийн банк” ХК-ийн хувьцаа эзэмшигчдийн ээлжит хуралд хувьцаа эзэмшигч та бүхнийг идэвхтэй оролцохыг урьж байна.

Хурлаар хэлэлцэх асуудал, түүнтэй холбогдох баримт бичигтэй банкны төв байранд ирж танилцах боломжтой. Хурлын талаар дэлгэрэнгүй мэдээллийг +976-77169999 утсанд холбогдон авна уу.

TransBank has been operating in the banking and financial sector for the last 26 years and announced the appointment of Mr. Enerelt Batbold as the Chief Executive Director of the TransBank effective January 23, 2023.

CEO Enerelt Batbold has professional experience working in the banking and finance sector since 2005 and has fulfilled various management positions with the Ministry of Finance, Wealth management role at Fortis Intertrust Group of Luxembourg, Newcom group, Trafigura LLC, ABTS NBFI, Mongolian Railway state-owned shareholding company. In addition, he worked as a member of the Board of Directors of Credit Bank from October 2018 to August 2021 and was appointed as a member of the Board of Directors of the TransBank in September 2021.

During his tenure at the organizations mentioned above, he has successfully managed to raise investment of USD 58 million from the EBRD and FMO to develop and complete a pioneering  US$ 120 million 50MW “Salkhit” wind farm project. Furthermore, while working as deputy head of Trafigura Mongolia he has successfully closed the acquisition of 5.02% of Golomt Bank shares under “Subscription and shareholders agreement along with US$ 35 million “Term Loan Facility agreement”  for Trafigura Ptein 2012, as well as issuance of first ever of MNT 750 billion bond for Mongolia’s State-Owned Shareholding Company in 2020.

He holds a bachelor’s degree in both Finance and Management from the University of Colorado, and a Master’s degree in Banking and Finance from the Luxembourg School of Finance-University of Luxembourg from 2008 to 2009.

We are confident that the new CEO’s talent and expertise will benefit the Bank significantly.

The total assets of TransBank have increased by 26.3% from the previous quarter, reaching a total of MNT 1.16 trillion. During the reporting period, the Bank fully complied with the prudential ratio requirements, operating with an equity of MNT 186.5 billion and a net profit of MNT 10.9 billion.

In November 2022, the international rating agency Moody’s affirmed TransBank’s credit rating as “B3”, maintaining the outlook as “Stable” for the fourth consecutive year.

During the reporting period, we have successfully expanded our online banking and international banking services, with significant growth in our customer base and financial results. Within the framework of an integrated objective of expanding long-term and mutually beneficial partnerships with our customers, TransBank is working to create a distinctive advantage for the Bank further and improve its services in accessibility, scope, efficiency, and competitiveness.

Click here to view the financial statements for the fourth quarter of 2022.

TranspBank announces that on December 20, 2022, due to internal work, all branches and units will work from 09:00 to 16:00.

Customers, please get financial services using Card, Most Money, TransBank application and Internet banking on this day.

Dear customer, thank you for understanding and accepting our work.

From January 1, 2023, the following changes are taking place in the terms of open-ended deposits of the TransBank.

Annual interest on demand deposit:

According to Article 18, Clause 18.1 of the Law “On Preventing and Combating the Pandemic of the Corona Virus /Covid-19, and Reducing the Negative Impact on Society and Economy”, it will expire on December 31, 2022. In the event of termination, the above conditions will apply.

Moody’s remained the Transport and Development Bank LLC’s B3 rating and outlook as stable in its latest Credit Opinion published as of November 14, 2022.

The Moody’s  also notes the Bank has strong capital position compared with that of its larger commercial bank peers and expects the bank’s liquidity remain robust over the next 12-18 months, although the ratio will gradually decline as its loan business expands.

As of the end of the third quarter of 2022, the total assets of the bank reached 915.6 billion MNT, which is 39.3 percent from the same period in 2021, and the net profit reached 10.7 billion MNT, an increase of 13.5 percent compared to the same period of the previous year.

During the reporting period, the bank has fully met the indicators of appropriate ratio of operations.

The bank continues to expand its business scope by establishing a tripartite cooperation memorandum with the “Asian Business Association NGO” and “Educated Enterprise LLC” and a memorandum of cooperation with the “Asia Foundation in Mongolia” to support women’s entrepreneurship.

“Multi-currency nostro account” is opened in “Erste” bank of Austria, increasing the possibility of foreign payments for our customers.

Click here to view the financial statements for the third quarter of 2022.

On October 10th, 2022, TransBank got into a tri-party agreement with Zamiin-Uud Free Zone’s Director’s Office and KKTT KKC to introduce WeChat Pay inside the Free Zone area of Zamiin-Uud.

The benefit of this partnership will provide opportunity for citizens, companies and organizations to implement the payment system of WeChat Pay with ease and speed.

Parties involved in the agreement plan to expand the operation and work to maintain stable partnership.

In May 2022, TransBank and KKTT LLC successfully introduced the payment system of WeChat Pay.

The operation currently involves the conversion of service centers, restaurants, hotels, and other organizations which are popular among Chinese citizens, to become merchants and ultimately implement the payment system for each partner.

With the help of WeChat Pay’s system infrastructure, we enabled the opportunity to receive payments directly from Chinese citizens.

As of second quarter of 2022, the total asset of the Bank reached MNT 837.2 billion, an increase of 102% compared to the same period in 2021, while the net profit reached MNT 9.8 billion, increasing by 145% compared to the same period of the previous year.

During the reporting period, the Bank fully complied with the prudential ratios set by the Bank of Mongolia and implemented a new risk based approach into its operations. As of first half of the 2021, the NPL ratio of the Bank stood at 3.1%, which is significantly lower than the banking sector average.

Furthermore, in order to expand the scope of our operations and to bring our services closer to our customers, the Bank has opened 3 new branches (Premium, Cedar and Munkh Tower), bringing the total number of branches to 11. We would also like to highlight introduction of the WeChat Pay international payment system by the Bank, which enables our customers access to 64 countries and range of new opportunities.

As of June 30, 2022, in accordance with Article 4, Clause 4.2 of the Banking Law and Article 4 of the Procedures on Complying with the Amendment to the Banking Law, we are pleased to announce that Transport and Development Bank has been restructured as Closed Joint Stock Company.

Click here to view the financial report for the second quarter of 2022.

INTERBANK TRANSACTION

Please be informed that interbank transactions worth more than MNT 5,000,000.00 (five million tugrugs) or equivalent foreign currencies made between 4:20 p.m. on July 8, 2022 and 9:59 a.m. on July 18, 2022 will be credited to the beneficiary’s account on July 18, 2022. Kindly also note that international remittances made between the same period will be credited to the beneficiary’s account after July 18, 2022.

Should you have any enquiries, kindly contact our Call Centre at 7716-9999.

• TIME SCHEDULE

On July 11-15, 2022

ALL BRANCHES CLOSES.

NARAN BRANCH

On July 09/10, July 16/17, 09:00 am – 07:00 pm.

1ST, 2ND floor, Naran Mall Department Store, Seoul St-35, 3rd khoroo, Sukhbaatar District, Ulaanbaatar, Mongolia

Thank you for banking with us.