Please visit the nearest branch of TransBank to enroll.
Corporate:
-
- Offical request
- ID card or foreign passport of authorized officer
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Гарын авлага
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TRANSBANK LAUNCHES ITS NEW WEBSITE
Transport and Development Bank, with its 25 years of professional services in the banking sector, further aims to bring new level of financial services to our customers and to create products and services that meet international standards.
With this said, we are pleased to present our new Website that is integrated and able to work with our customer service platform and offers new opportunities to interact with the Bank.
The new Website offers customers the ability to receive comprehensive banking and financial services in Mongolian, English and Chinese languages without the limitation of time.
We would also like to highlight the banners and contents of the new Website. Particularly Mongolians were the first nation to have laid the foundation of today’s paper currency back in 13th century. Therefore, the new Website features unique web banners with historical content to increase the banking and financial knowledge of our customer.
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CONFIDENTIALITY
Зээлийн уян хатан нөхцөл бүхий дотоодын кредит карт.
Өндөр зээлийн эрх бүхий дэлхийд танигдсан, дээд зэрэглэлийн үйлчилгээ авах боломжтой олон улсын кредит карт
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2022.6
TransBank has successfully started cooperation with leading private banks in Singapore and Europe.
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2022.6
The official website of the bank has been newly developed with updates into the design.
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2021
|
BOARD MEMBERSHIP |
AUDIT COMMITTEE | RISK MANAGEMENT COMMITTEE |
HUMAN RESOURCES SALARY COMMITTEE |
|
CHAIRWOMAN OF THE BOARD OF THE DIRECTORS |
1 | 1 |
1 |
|
BOARD MEMBER |
1 | 3 |
4 |
|
INDEPENDENT MEMBER |
3 | 2 |
0 |
| Total number of members | 5 | 6 |
5 |
1. Audit Committee
The audit committee has five members, three of whom are independent. The committee holds meetings quarterly, has over four meetings annually, and reports at least once annually to the Board of Directors. The Audit Committee is responsible for supporting the efficient collaboration between the internal and external auditors, the bank management, and members of the Board of Directors, ensuring the independence of the internal and external auditors. The committee is also responsible for giving recommendations to the BoD based on the results of the financial reporting process, the steady operation of the internal control system, audit operation, compliance with laws and regulations, and monitoring of the risk management activities.
2. Risk Management Committee
The Risk Management committee has six members, two of whom are independent. The committee holds meetings quarterly, has over four meetings annually, and regularly reports directly to the Board of Directors. The Risk Management committee is responsible to monitor and support the adequacy of measures taken by the bank’s executive management team regarding credit market, liquidity, operational, legal, reputational, and other types of risk management.
3. Human Resources and Remuneration Committee
The Human Resources and Remuneration Committee has five members. The committee holds a meeting on an annual basis and reports directly to the Board of Directors. The Human Resources and Remuneration Committee is responsible for supporting the formation of a skilled Board and Executive management team and reviewing whether the executives meet the requirements for the position, evaluating the performance of executive management annually, making proposals for selection or dismissal, and recommending the development of good governance to the Board of Directors.
International Networking Event Hosted by TransBank
The International Cooperation Division hosted a successful Networking and Product Launch Event on the evening of Wednesday 25th May in the TransBank lounge at Headquarters, Shangri-La Offices, Ulaanbaatar.
The event featured participants from the Asian Development Bank, Embassy of the United States to Mongolia, European Union Delegation in Mongolia, Oyu Tolgoi, Sandvik Mongolia, the British School of Ulaanbaatar, the International School of Ulaanbaatar, Max Group, Shangri-La Hotel Ulaanbaatar and other prominent International and Mongolian enterprises. The event was hosted by Mrs Erica (Erkhembayar) Baltsukh Deputy CEOs of TransBank.
Mr Declan Magee, Deputy Country Director of Asian Development Bank in Mongolia presented ADB’s latest Economic Outlook and Plans for Mongolia.
Mr Magee highlighted several key trends which are negatively impacting growth including: ongoing border closures and trade disruption; high inflation; exchange rate depreciation coupled with falling foreign reserves; high domestic financing needs; with high geopolitical risks. Export performance is expected to remain weak and this signals low growth for Mongolia in 2022.
As for planning ADB’s Country Partnership Strategy 2021-2024 is focused on “supporting Covid-19 recovery and lay[ing] resilient foundations for inclusive and stable growth”. The CPS focuses on inclusive social development and economic opportunity, climate-resilient infrastructure development and green development.
TransBank, gave a brief presentation of it’s recent development and products. We presented new Exchange Rate Risk Sharing Deposit product which offers our customers a higher interest rate to compensate for any official Bank of Mongolia MNT-USD exchange rate depreciation.
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Advantages
- Transfer and receive money through more than 350,000 service points in more than 200 countries around the world;
- Lowest fees compare to similar services;
- Transactions sent from Mongolia to other countries and from other countries to Mongolia are processed very quickly, in just 10 minutes;
- You do not need to have a bank account to use MoneyGram.