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Executive management team

Munkhjargal Enkhbat

Munkhjargal Enkhbat has been serving as Deputy CEO at the TransBank of Mongolia since Febraury 2024.

With over 10 years of experience risk management, governance, funding in the banking and financial sector, her career path started as a market risk analyst at “Chingis Khan” bank in 2009, Director of Risk management division in 2013 and Chief risk officer at “Capitron” Bank in 2017.

Munkhjargal graduated from the School of Mathematics and Computer Science, the National University of Mongolia with a Bachelor’s degree in mathematical modeling of economics and holds a master of mathematical modeling of economics from School of Applied science and engineering, the National University of Mongolia, an MSc in Banking and Finance from the University of Luxembourg. During her tenure at the depositary control department at UBS Bank, Luxembourg, she successfully completed Executive Program at New York University, USA.

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Executive management team

Bolor Tserendorj

Bolor Tserendorj has been serving as Chief Financial Officer at the TransBank of Mongolia since January 2021.

She has over 16 years of experience in funding, treasury, financial planning, asset and liability management, as well as insurance operations. During her career at Tenger Financial Group and its subsidiaries, XacBank and Tenger Insurance, she was promoted from Market Risk Manager to Director of Finance and finally to
CEO.

Bolor holds an MSc in Banking and International Finance from Bayes Business School, City University of London, UK (formerly Cass Business School). She successfully achieved Cert CII accreditation from Chartered Insurance Institute, London UK.

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Executive management team

Batmunkh Myagmar

Batmunkh Myagmar has been appointed as the Chief Credit Officer of the Transport and Development Bank since October 16, 2023. He has 22 years of experience working in middle and senior management teams in the banking and mining industries.

Batmunkh Myagmar graduated from the School of Economics of the National University of Science and Technology with a degree in Finance-Economist and Informatics in 2001. In the same year, he started his career at XacBank as a small and medium business loan specialist. During his tenure at XacBank, he worked in various departments including the branch, Credit Management, Credit Risk Management, Special Assets, Customer Service Center of Retail Banking, Customer Management, Data Analysis, and Credit Operations of Retail Banking. He managed and successfully implemented many change and modernization projects.

In 2004, he received the title of Master of Business Administration. From 2011 to 2013, he attended the Graduate School of Banking (GSB) at the University of Wisconsin-Madison, USA. In 2016 and 2018, he attended training courses at the Sparkasse Bank Academy in Germany, where he became a trainer. He now works as a credit master trainer in the joint projects of Sparkasse Bank’s International Cooperation Fund, the Bank of Mongolia and Banking Association of Mongolia, and the Academy of Banking and Finance.

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Executive management team

Byambadelger Sandag-Ochir

S.Byambadelger has been appointed as Chief Secretary of Secretariat of Chief Executive Officer at TransBank since June 24, 2024.

Since 2018, she has been appointed Head of the Market Risk Department, Director of the Risk management Division, and VP & Chief Retail Banking at Transbank of Mongolia since 2021.

Byambadelger started her career at Khan Bank as a Risk Specialist, Senior Risk Specialist, Investment Banking Specialist and worked at Schroders Investment Management Fund in Luxembourg.

She has a Bachelor’s Degree in Economics and Statistics from the School of Economic Studies of the National University of Mongolia and a Master’s Degree in Banking and Finance from the University of Luxembourg. She successfully completed the Executive Education program at the University of New York. She has 12 years of professional experience in banking and finance covering risk and investment management.

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Gold collateral loan

Terms and conditions

Gold collateral loan Collateral loan with purity certified gold bullion Collateral loan with purity uncertified gold bullion

Collateral gold loan without sample purity testing

Term

Up to 12 months Up to 6 months

Up to 3 months

Loan amount

Net weight * Gold sample * Bank of Mongolia exchange rate for gold * (100% -Tax) * 90% or up to 20% of equity Net weight * Gold sample * Bank of Mongolia exchange rate for gold * (100% -Tax) * 80% or up to 20% of equity

Gross weight * Gold sample / minimum amount of sample taken before gold extraction / * (100% -Tax) * 60% or up to 20% of equity

MNT loan interest

Monthly

1.8% -1.6% 1.9% -1.6%

2.0% -1.6%

Annual 

21.6%-19.2% 22.8%-19.2%

24.0%-19.2%

USD loan interest rate

Monthly

1.25%-1.0% 1.35%-1.0%

1.35%-1.0%

Annual 

15.0%-12.0% 16.2%-12.0%

16.2%-12.0%

EUR loan interest

Monthly

1.25%-1.0% 1.35%-1.0%

1.35%-1.0%

Annual 

15.0%-12.0% 16.2%-12.0%

16.2%-12.0%

CNY loan interest

Monthly

1.25%-1.0% 1.35%-1.0%

1.35%-1.0%

Annual 

15.0%-12.0% 16.2%-12.0%

16.2%-12.0%

JPY loan interest

Monthly

1.25%-1.0% 1.35%-1.0%

1.35%-1.0%

Annual 

15.0%-12.0% 16.2%-12.0%

16.2%-12.0%

Service fee

No fee

Application fee

30,000 MNT

Collateral

Gold

Requirements for gold bullion as collateral

Gold bullion with proven identification of gold and silver samples by accredited laboratory tests of precious metal samples Gold bullion with a certificate of smelting of precious metals and no test results, ordered to be tested in an accredited laboratory for precious metal samples.

Have a gold deposit reserve report prepared and a sample report indicating the gold content in the report.

Categories
Executive management team

Tuulmaa Vanchin

Tuulmaa Vanchin has been serving as Chief Risk Officer at the TransBank of Mongolia Bank since August 2021.

With over 25 years of experience in the banking and financial sector, she worked as the Head of the Bank’s Debt Settlement Department under the Ministry of Finance, Head of Corporate Banking Department at Zoos Bank, Senior officer of Risk Management Department at Turiin Bank, Head of Risk Management
Department at National Investment Bank, and Head of Risk Management Department at Credit Bank.

She graduated University of Finance and Economics in 1995, with bachelor’s in banking, credit analysis and finance, National University of Mongolia in 2004 with bachelor’s in law, and National Academy of Governance in 2009 with master’s in business management.

Categories
Gold collateral loan

Collateral requirements for gold bullion

  • Gold bullion with evidence of gold and silver samples based on the results of tests by an accredited laboratory for precious metal samples 
  • Prepare a gold deposit reserve report and have a sample report indicating the gold content in the report
  • Gold bullion with a certificate of smelting of precious metals and no test results, ordered to be tested in an accredited laboratory for precious metal samples.
Categories
Gold collateral loan

Required materials

  • Official letter requesting a loan
  • Permission to allow a company official to pledge gold
  • A notarized copy of the company’s certificate and charter
  • Borrower’s consent
  • Application form of the entity, CEO and CFO
  • Power of attorney issued to a bank employee to receive test results from an accredited precious metal sample laboratory / if the sample has not been identified /
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Executive management team

Nyamdelger Batjargal

Nyamdelger Batjargal has been appointed as Chief China Cooperation Officer at the TransBank of Mongolia in June 25, 2021.

She has more than 10 years of experience in the banking and financial sector.

Nyamdelger holds a Bachelor degree in International Business from
Shandong University and a Master’s degree in Business Administration from the same university.

She is currently studying for a Master’s degree in Public Administration at the Academy of Management.

Categories
Investment Loan

Benefits

  • Flexible and favorable term
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Investment Loan

Terms and conditions

Investment loan MNT USD EUR RMB

JPY

Maximum amount

The borrower must finance at least 30% of the total investment.

The maximum loan amount depends on the size of the business, capital and financial capacity.

Interest rate/monthly/

2.00%-1.60% 1.50%-1.10% 1.20%-0.85% 1.20%-0.85%

1.20%-0.85%

Interest rate/annually/

24.0%-19.20% 18.00%-13.20% 14.40%-10.20% 14.40%-10.20%

14.40%-10.20%

Term

Up to 60 months

Up to 36 months

Service fee

1% of the loan amount /maximum MNT 1,500,000/

Олгосон зээлийн дүнгийн 0.5% буюу дээд хэмжээ нь 1,500 ам.доллар болон түүнтэй тэнцэх евро, юань, иен

Penalty interest rate

Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate

Fee for changing the original loan terms

0%

Grace period

Up to 12 months

Loan application fee 

30,000 MNT

Credit recording enquiry fee /during loan analysis procedure/

Individual – MNT 1,000

Corporate – MNT 1,000

* Effective percentage rate /annual/: MNT 19.69%-24.51%

Categories
Investment Loan

Requirements

  1. Experience in continuous business for the last 12 months;
  2. Have a good credit history and good creditworthiness;
  3. Must meet the requirements of collateral (real estate and real property);
  4. Must meet other requirements set by the bank.
Categories
Investment Loan

Required documents

  • Official letter requesting a loan. / Describes the amount of loan, interest, term and collateral/
  • Loan application / by the form /
  • Resolution of the Board of Directors (Shareholders’ Meeting) on ​​obtaining a loan. /Decision on the amount, interest, term, collateral of the requested loan and appointment of the person authorized to sign /
  • Copy of company certificate, copy of company charter /stamped by State Registration Office/
  • Copy of ID card of the person authorized to sign the loan agreement (Founder, Director, CEO, etc.), borrower’s application form (legal entity)
  • Special licenses, business plan and other documents
  • Information about the purpose of loan, contracts and agreements, projects, etc.
  • Information about the market and competitors
  • Tax authority reference
  • Reference from General Authority of Enforcement of Judicial Decisions /on the name of the organization and shareholders /
  • Reference from State Registration Office /on behalf of enterprises and major shareholders/
  • Financial statements of the company certified by the Audit and Tax Administration – / As of last 4 quarters, as of end of the last year /
  • Details of the financial statements as of the end of the year. Includes: List of receivables, List of current assets, Detailed list of fixed assets, Detailed list of payables and liabilities, Sales breakdown, unit cost, balance sheet for the last 1 year,
  • Account statement / As of the last 12 months /
  • Pledge certificate of real estate (if the pledge is in the name of another organization, a copy of the company’s certificate, charter, decision and resolution to allow pledge)
  • Mortgage reference / historical, detailed /
  • Pledge certificate, contract and cadastral map
  • List and certificate of pledged machinery and equipment
  • Proof of tax payment in case of real estate purchase
  • Loan agreement and loan account statement if you have loan balances with other banks and NBFIs.
  • Other necessary additional materials
Categories
Working capital loan

Terms and conditions

Working capital loan

MNT USD EUR CNY

JPY

Loan size

Flexible depending on business scope and financial solvency. 

Monthly loan interest

 2.00%-1.60%  1.50%-1.10%  1.20%-0.85%  1.20%-0.85%

 1.20%-0.85%

Annual loan interest

24.00%-19.20% 18.00%-13.20% 14.40%-10.20% 14.40%-10.20%

14.40%-10.20%

Loan period

36 months

Loan origination fees

Amounts to about 1% of disbursed loan or equivalent to MNT 1,500,000

0.5% of the disbursed loan amount, or a maximum of USD 1500, or the equivalent amount in EUR, CNY, or JPY

Penalty interest for rate

Equivalent to 20 percent of the base interest rate

Loan forbearance fee 

0%

Grace period

12 months

Loan Application fee

MNT 30,000 

Credit recording enquiry fee /during loan analysis procedure/

Individual – MNT 1,000 

Corporate – MNT 1,000

* Effective percentage rate /annual/: MNT 19.95%-24.77%

Categories
Working capital loan

Requirements

  1. Experience in continuous business for the last 12 months;
  2. Must meet the requirements of collateral (real estate and real property);
  3. Other bank requirements.