There is no fee if you withdraw an amount greater than MNT 100,000 from the banks’ ATMs.
A fee of MNT 300 will be charged for cash withdrawals from Trade and Development Bank, Chinggis Khaan Bank, Bogd Bank, Arig Bank, and National Investment Bank.
A fee of MNT 500 will be charged for cash withdrawals from other banks’ ATMs.
Once your card is swallowed, please contact our Customer Service Center at 7716-9999 to provide the ATM’s location and bank. , The card can be returned within 7-14 days.
Please visit any of our branches to fill out the “Transaction Dispute Form” to resolve the issue.
Enerelt Batbold appointed as CEO of TransBank.
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:
| 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.
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.
| Outlook | Stable |
| Issuer Rating | B3 |
| Counterparty Risk Rating-Fgn Curr | В3/NP |
| Counterparty Risk Rating-Dom Curr | B2/NP |
| Bank Deposits | B3/NP |
| Baseline Credit Assessment | b3 |
The total number of branches has expanded to 12, with an addition of 4 new branches
| Account currency | MNT |
| Tenor | 12 months |
| Annual Interest rate | 13.20% |
| Minimum deposit | 50,000,000 MNT |
| Interest rate upon early termination of contract /annual/ | 2.0%-4.8% |
| Interest payments | At the end of the contract |
| Conditions for earning income | Impossible |
| Withdrawals | At the end of the contract |
| Explanation:
At the end of the savings period, the official U.S. dollar provision announced by the Mongolian bank is appreciated against the currency of account opened date by at least as a percentage of the savings interest rate (after tax savings interest rate), principal deposit amount shall be obtained at currency of account opened date. |
|
TransBank has been rated B3 “Stable” by Moody’s agency for 4 consecutive years.
| MNT | USD | JPY | |
| Duration | 3 months | ||
| Annual interest rate | 8.0%-10.0%* | 2.0 -2.5% | 1.50%-2.0% |
| Minimum deposit | 10,000 төгрөг | 10 ам.доллар | 1,000 иен |
| Interest capitalization | Monthly | ||
| Deposit condition | Possible | ||
| Withdrawal condition | can spend at any time | ||
*Incentive interest is granted depending on the balance of deposits.
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.