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TRANSBANK BECAME THE FIRST COMMERCIAL BANK IN MONGOLIA TO INTRODUCE TRANSAXIS SYSTEM

The TransBank successfully migrated its card management system to Compass Plus Technologies’ “The Next 100 Global Awards” award-winning and leading payment platform TranzAxis within two months, becoming the first commercial bank in Mongolia to introduce and use the payment system.
By introducing the TranzAxis system, we will open up new opportunities for the payment system, increase business growth, meet the system requirements of international organizations, provide financial services that fully meet the needs of customers, improve the security of information and card privacy, diversify banking products and services, and ensure the continuous reliability of the system. it became possible to increase the situation.
“Compass Plus Technologies” is a UK-based technology service provider that has been continuously operating in the field of payment system development since 1989. The company operates globally and is a leading provider of payment systems and cooperates with the world’s top organizations such as VISA, Mastercard, JCB, American Express, etc.
The company’s TranzAxis system, launched in 2022, is designed to meet the needs of the ever-evolving payment ecosystem and has been recognized as a leading payment platform by Global Banking & Finance Review.
Nikolay Korovin, Director of Sales at Compass Plus Technologies, said, ‘We are happy to work with such a promising business as the Transport Development Bank and support them in realizing their vision.’
“Compass Plus Technologies” also mentioned that although the period of introduction of TranzAxis system is 12-24 months, it was put into use in two months in cooperation with the Transport Development Bank.
CLICK HERE to read and familiarize yourself with the news published on the official channel of Compass Plus Technologies, a project partner, about cooperation.
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TRANSBANK’S UNAUDITED FINANCIAL STATEMENT FOR 2023 Q2

The Financial Report of the TransBank for the second quarter of 2023 is presented. During the reporting period, the net profit of 2.9 billion MNT was met and the indicators of reasonable ratio were met.
The TransBank has joined the Netherlands-based Partnership for Carbon Accounting for Finance (PCAF) to measure and report greenhouse gas emissions from financial activities. In this way, it is important to introduce innovative standards in our business operations, to contribute to global efforts to reduce greenhouse gas emissions through our operations, to support environmentally friendly business operations of our customers, and thus to create a transition to a low-carbon development path.
Click here to view the financial statements for the two quarter of 2023.
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TRANSBANK JSC JOINS THE PARTNERSHIP FOR CARBON ACCOUNTING FINANCIALS

TransBank JSC has joined the Netherlands-based Partnership for Carbon Accounting Financials (PCAF) to measure and disclose the greenhouse gas emissions from its financial activities.


The risk posed by climate change is considered a significant concern for banks and financial institutions. It has become a priority for these institutions to assess, define, and transparently report the risk, as well as to make efforts to mitigate potential risks. In this context, PCAF has developed a unified methodology for assessing, measuring and disclosing the greenhouse gas emissions from loans and investment of financial institutions.
With more than 400 financial institutions from six continents, the group is rapidly expanding in North America, Latin America, Europe, Africa and Asia-Pacific. For TransBank, our participation in this partnership is crucial as it allows us to contribute to global efforts aimed at reducing greenhouse gas emissions. We will introduce innovative standards into our business operations, support environmentally friendly practices among our customers, and facilitate a transition towards a low-carbon development path.

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TIPS AND WARNINGS FOR ELECTRONIC FRAUD PREVENTION

Customers are advised to pay attention to the following points in order to prevent possible risks of electronic fraud, not to lose their personal information to others, to protect the funds in their accounts, and to ensure their safety.

Do not share your personal information:

  • Do not give your personal information such as registration number, surname, phone number, e-mail address, etc. by trusting fake social accounts;
  • Do not share your financial information, such as account numbers, Internet banking logins, or passwords.

Preventing e-fraud:

  • Do not give your personal information such as registration number, surname, phone number, e-mail address, etc. by trusting fake social accounts;
  • Do not share your financial information, such as account numbers, Internet banking logins, or passwords.
Preventing e-fraud:
  • Do not respond to posts and comments related to loans and lotteries and grants, and do not transfer money via chat messengers;
  •  Beware of network scams that promise high profits and incentives, and do not transfer money that is claimed in the name of fees, payments, or proofs;
  • Posting your personal and financial information such as account number, phone number, e-mail address, etc. in the Internet environment, there is a high risk of fraudulent transactions and fraud crimes using your information;
  • Refuse under any circumstances to ask for your Internet banking login name, password, account number, etc., because of the high risk of fraudulent transactions and fraud;
  •  Do not share fake posts and news with the intention of deceiving others on the Internet;
  • Social accounts should be thoroughly checked for fakes, and reports should be made in case of fakes.
  • Get information related to loans and other banking services only from the bank’s official pages, websites, branches, and clearing centers;
  •  The Bank never asks for or updates customer information by e-mail, telephone, or online;
If you are at risk:
  • If you have lost or suffered damage due to online fraud, immediately contact the police station and the 77169999 reference center, or report it in person to the nearest branch;
  • In case of losing your payment card, report it to the inquiry center at 77169999 or report it in person at the nearest branch.
Dear customer, please protect your personal information in the online environment and prevent yourself and others from being exposed to cybercrime.
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News

TRANSBANK IS IDENTIFIED AS THE TOP-100 BUSINESS UNIT OF MONGOLIA

The TranspBank has been recognized as one of the TOP-100 Enterprises, which is awarded to the best enterprises that contribute to the social and economic development of the country in cooperation with the Government of Mongolia and the Ministry of Education and Culture.
The “TOP-100 Enterprises” were selected based on the basic parameters of the enterprise, such as annual income, taxes contributed to the state budget, number of employees who paid social insurance, profit, and assets.
One of Mongolia’s oldest commercial banks, the TransBank was founded in 1997, and now in its 26th year, it has been providing financial services in a professional, reliable and fast manner.
In addition to always being an innovator in our industry and being a reliable financial partner bank that values shared value, we also value customer-centered services that meet every need of our customers through international standards Private banking services, international banking and financial leading experience, and modern advanced technology. We focus on clear and stable operations.
The bank’s financial performance is growing rapidly year by year, and its position in the banking system is expanding.
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Promotion campaign

GOLDEN COIN CHILD SAVINGS PROMOTION

In anticipation of the International Children’s Rights Day, our dear customer has launched an incentive program for the “Altan Zoos” children’s savings account, which will lead your beloved children to a bright future, until 05.15-06.09, 2023.
During the incentive program, “Golden coin” will give a bonus of 10,000 MNT to each customer who increases their income by more than 50,000 MNT in their child’s savings account and opens a new savings account.
General product conditions
TERMS ANNUAL INTEREST RATES INTEREST RATE UPON EARLY TERMINATION OF CONTRACT /ANNUAL/ MINIMUM DEPOSIT
MNT Golden coin 13.50% 4.80% 10,000

CLICK HERE for product details.

Please visit our branch units near you and participate in the promotion.

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News

THE INTEREST ON DEMAND DEPOSITS INCREASED

TransBank has increased the interest rate on MNT deposits and offers the highest interest rate and flexible terms to our dear customers.
By choosing a fixed-term deposit product, customers can accumulate the highest interest rate on the market, benefit from interest income, and make income and expenditure transactions at any time.
The annual interest rate for MNT demand deposits:

MINIMUM DEPOSIT REQUIREMENT

EFFECTIVE INTEREST RATE INTEREST RATE
99,999,999 MNT

8.00%

8.30%

100,000,000-499,999,999 MNT

9.00%

9.381%

More than 500,000,000 MNT

10.00%

10.471%

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

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News

TRANSBANK’S UNAUDITED FINANCIAL STATEMENT FOR 2023 Q1

As of the first quarter of 2023, the bank’s total assets reached 1.1 trillion MNT, a 34 percent increase from the same period last year, and net profit was 3.5 billion MNT.
During the reporting period, the bank fully met the appropriateness criteria.
TransBank has established its first international representative office in Tokyo, the capital of Japan, and is increasingly expanding its product and service channels to deliver to customers. Also, Asia Fund and Gerege Systems Ltd. jointly started work on a benchmark project for the joint development of “Bank loan products for women entrepreneurs in micro and small businesses”.
Click here for the financial report for the first quarter of 2023.
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News

TRANSBANK HAS OPENED ITS FIRST INTERNATIONAL REPRESENTATIVE OFFICE IN JAPAN

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 7th, 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.

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News

ТЭЭВЭР ХӨГЖЛИЙН БАНКНЫ 2022 ОНЫ 12-Р САРЫН 31-НИЙ ӨДРӨӨРХ АУДИТЛАГДСАН САНХҮҮГИЙН ТАЙЛАН

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.

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“ТЭЭВЭР ХӨГЖЛИЙН БАНК” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧДИЙН АНХААРАЛД

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.

Компанийн нэр: “Тээвэр хөгжлийн банк” ХК
Хаяг: Монгол улс, Улаанбаатар хот, Сүхбаатар дүүрэг, 1-р хороо Олимпын гудамж 19А, Шангри-Ла оффис
Хуралдах өдөр, цаг, газар: 2023 оны 04 дүгээр сарын 28-ны өдрийн 15:00 цагт банкны төв байр буюу Шангри-Ла оффисын 15 давхрын хурлын танхим
Бүртгэлийн өдөр: 2023 оны 04 дүгээр сарын 28-ны өдрийн 14:30 цаг
Хуралдах хэлбэр: Биечлэн
Хурлаар хэлэлцэх асуудал: 1.    Төлөөлөн Удирдах зөвлөлийн гишүүдийн бүрэн эрхийн асуудал;

2.    Төлөөлөн удирдах зөвлөлийн 2022 оны үйл ажиллагааны тайланг батлах тухай;

3.    Банкны үйл ажиллагааны талаарх дүгнэлттэй танилцаж батлах тухай;

4.    Банкны 2022 оны Хөндлөнгийн Аудитын санхүүгийн тайланг батлах тухай;

5.    Ногдол ашиг хуваарилах эсэх тухай;

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

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News

ENERELT BATBOLD APPOINTED AS CEO OF TRANSBANK

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.

 

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TRANSBANK’S UNAUDITED FINANCIAL STATEMENT FOR 2022 Q4

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.

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DEAR VALUED CUSTOMERS

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.

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DEAR VALUED CUSTOMERS

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:

MNT USD EUR CNY JPY
8.0% 1.2% 1.20% 1.20% 1.20%

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.