Categories
Home

Eligibility or required documents

  • Application form for legal entities /download here/;
  • An official letter for opening a new bank account;
  • An original copy and a copy of license from the Mongolian Financial Regulatory Commission;
  • Notarized copy of ‘State Registration Certificate’;
  • Notarized copy of Company’s ‘Charter or Memorandum of Association (MOA);
  • Notarized signature of applicant /download here/;
  • Declaration of Beneficial Ownership /download here/;
  • Copy of ID card of the authorized personnel to dispose with an account;
  • Additional documents /if necessary/.
Categories
Home

Давуу тал

 

  • ЗГЭХ-ийн хугацаанд зарлага гаргах тохиолдолд гүйлгээний тоо, лимитэд хязгаар тавихгүй ба хугацаанаас өмнө цуцлахад хугацаа алдуулалтын хүү тооцохгүй, зарласан нийт жилийн хүүг тооцуулан авах;
  • Зарлага гаргах тохиолдолд дансны доод үлдэгдлийг хангуулна;
  • ЗГЭХ-ийн хуримтлуулсан хүүг хугацааны эцэст олгоно;
Categories
Bank's history and highlights

2022.11

TransBank has been rated B3 “Stable” by Moody’s agency for 4 consecutive years.

Categories
Flexible deposit

Terms and conditions

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.

Categories
News

TRANSBANK’S UNAUDITED FINANCIAL STATEMENT FOR 2022 Q3

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.

Categories
Flexible deposit

Eligibility or required documents

  • Application form for legal entities /download here/;
  • An official letter for opening a new bank account;
  • An original copy and a copy of license from the Mongolian Financial Regulatory Commission;
  • Notarized copy of ‘State Registration Certificate’;
  • Notarized copy of Company’s ‘Charter or Memorandum of Association (MOA);
  • Notarized signature of applicant /download here/;
  • Declaration of Beneficial Ownership /download here/;
  • Copy of ID card of the authorized personnel to dispose with an account;
  • Additional documents /if necessary/.
Categories
Quarterly financial statements

As of September 30, 2022

(in millions of MNT)

BALANCE SHEET ITEMS 30/09/2022
1 ASSET
1.1 Cash and cash equivalents

                 212,181
1.2 Due from banks and financial institutions

                   60,848
1.3 Financial investments

                   21,778
1.4 Loans and advances to customers (net)

                 510,101
1.4.1 Performing loans

                434,219
1.4.2 Non-performing loans

                   92,120
1.4.3 Deferred loan payment

                       (118)
1.4.4 Accrued interest receivable

                      9,423
1.4.5 Loan Loss Provision

                  (25,544)
1.5 Derivative financial assets

                     2,515
1.6 Other financial assets

                         120
1.7 Other non-financial assets

                   86,279
1.8 Fixed assets (net)

                   12,249
1.9 Intangible assets

                     9,577
1.10 Total assets

                 915,647
2 LIABILITIES
2.1 Current account

                 102,051
2.2 Savings account

                 369,787
2.3 Due to banks and financial institutions

                 221,271
2.4 Other funds

                   26,075
2.5 Derivative financial liabilities

                      3,404
2.6 Other liabilities

                      6,694
2.7 Total liabilities

                 729,282
3 EQUITY
3.1 Share capital

                 146,474
3.2 Share premium

                   15,645
3.3 Treasury shares

                    (7,032)
3.4 Revaluation surplus

                             1
3.5 Retained earnings /loss/

                   24,092
3.6 Other reserves

                         7,184
4 Total equity

                 186,365
5 TOTAL LIABILITIES AND EQUITY

                 915,647

(in millions of MNT)

INCOME STATEMENT 30/09/2022
1 Interest income

                   59,723
1.1 From Bank of Mongolia

                           89
1.2 From Other banks & financial institutions

                      1,525
1.3 From securities

                      3,612
1.4 From loans

                   51,530
1.5 Other interest income

                      2,968
2 Interest expense

                   30,329
2.1 Interest expense on current account

                            –
2.2 Interest expense on savings account

                   25,124
2.3 Interest expense on borrowed funds

                      1,818
2.4 Interest expense on securities

                      1,468
2.5 Other interest expense

                      1,918
3 NET INTEREST INCOME (1-2)

                   29,394
4 Provision expenses (provision reverse income)

                     4,807
4.1 Deposits at other banks and financial institutions

                            –
4.2 Securities

                            –
4.3 Loans

                      4,807
5 Net interest income after provision [(3)-(4)]

                   24,587
6 Other income

                   20,001
6.1 Non-interest income

                   19,761
6.1.1 Trading income

                      11,579
6.1.2 Exchange and revaluation adjustment expense

                      7,201
6.1.3 Fees and commission income

                         977
6.1.4 Other non-interest income

                             5
6.2 Other income

                         240
7 Other expense

                   31,735
7.1 Non-interest expense

                   31,401
7.1.1 Other provision expense

                            0
7.1.2 Trade expense

                      8,410
7.1.3 Exchange and revaluation adjustment expense

                      6,339
7.1.4 Fees and commission expense

                         855
7.1.5 Other operating expense

                      15,797
7.2 Other expense

                         334
8 Profit Before Tax (5+6-7)

                   12,853
9 Income tax expense

                      2,160
10 Profit After Taxes (8-9)

                     10,693
11 Other comprehensive income

                            –
12 Total comprehensive income for the year (10+11)

                     10,693

(in millions of MNT)

OFF BALANCE SHEET 30/09/2022
Contingencies and commitments (net)

                   12,841
PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA Limit 30/09/2022
Tier 1 ratio

≥ 9%

26.2%
Capital adequacy ratio

≥ 12%

26.2%
Liquidity

≥ 25%

30.3%
Foreign currency open position ratio (by each currency)

< ±15%

6.0%
Foreign currency open position ratio (total)

< ±30%

-16.8%

(in millions of MNT)

Related parties Category of assets Balance % in total Equity
1 Loans and other equivalent asset provided to a related party (less than 5% of capital)

4.8%
1.1 Shareholders of the Bank

                               –

                        –

0.0%
1.2 Key management personnel

                               –

                        –

0.0%
1.3 Other related parties

Loan

                 8,851

4.8%
2 Total Loans and other equivalent asset provided to related parties (less than 20% of capital)

18.9%
2.1 Shareholders of the Bank

Loan

                     100

0.1%
2.2 Key management personnel

Loan

                     350

0.2%
2.3 Other related parties

Loan

               34,472

18.7%
Categories
News

TRANSBANK, ZAMIIN-UUD FREE ZONE’S DIRECTOR’S OFFICE AND KKTT LLC SIGNED TRI-PARTY AGREEMENT

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.

 

Categories
Promotion campaign

LET’S SAVE FOR OUR FUTURE CAMPAIGN BEGINS

Once every year on October 31, people worldwide celebrate  “World Savings Day’ to raise awareness of the benefits of savings and accumulation.

To welcome this special day, Mongol Bank, Mongolian Banking Association, Germany’s Sparkasse Bank (Local Fund), Deposit Insurance Corporation of Mongolia, and several Mongolian banks are going into a partnership for the  “Let us Save For Our Future’ campaign.

For this occasion, TransBank will lower the requirements for the Term Deposit product to 0 tugriks and provide gifts to kids who opened the Golden Coin Kid’s Deposit.

TransBank welcomes you to come and visit a branch that’s nearest to you and receive this promotion.

“Let’s Save For Our Future”

Categories
Bank's history and highlights

2022.10

Within the framework of social responsibility, based on the initiative of our employees, useful items and more than 1000 books have been donated to the “Tsuliin Sarnai” care center.

Categories
Smart savings

Benefit

  • Create savings without financial pressure.
  • Learn the habit of saving.
Categories
Smart savings

Terms and conditions

Service Smart savings
Choices   Savings  Income savings Daily savings
Total amount:

–       1,000 MNT

–       2,000 MNT

–       3,000 MNT

–       4,000 MNT

–       5,000 MNT

 Savings percent:

– 1.0%          – 6.0%

– 2.0%          – 7.0%

– 3.0%          – 8.0%

– 4.0%          – 9.0%

– 5.0%          -10.0%

 Total amount:

–          1,000 MNT

–          2,000 MNT

–          3,000 MNT

–          4,000 MNT

–          5,000 MNT
Description Note for each non-cash (card) purchase and payment transaction, the transaction amount is rounded up to 5,000 and the difference is accumulated in the savings account. Accumulate a fixed percentage of the transaction amount in a savings account for each income transaction other than a loan Accumulate current account balances up to 5,000 and accumulate in savings account at 00.00 every day
Account The customer’s current account can be used, and if the customer does not have a current or savings account, can choose from the products specified  open a new account.
Service fee No fee
Registration Come to the branch of the bank with your documents and register for additional services.
Categories
Smart savings

Required documents

  • Customer application form;
  • Documents required:
    • For Mongolian citizens: Citizen’s ID card;
    • For Foreign citizens: Passport and Certificate of Alien Registration.
Categories
Home

Автомашины зээл

Categories
Foreign currency convertible deposit

Benefits

  • Earn the highest annual return in MNT currency;
  • Term deposits with 6, 9 or 12 month maturities will earn interest quarterly and account withdrawals are allowed every 3 months for a calendar week;
  • A risk-free investment solution;
  • Earn and receive higher returns even on early termination of contract.