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Customer application form; /download here/
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For Mongolian citizens: Citizens ID card;
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For Foreign citizens: Passport and certificate of alien registration;
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2023
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2022
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2021
Transport Development Bank CJSC (TransBank) has been rated by Moody’s Investors Service since 2018.
Hong Kong, June 11 -12 Moody’s Ratings (Moody’s) has completed a periodic review of the ratings of TransBank and indicated the Bank’s “B3” local-and foreign-currency long term deposit ratings are at the same level as its Baseline Credit Assessment of “b3”.
The Moody’s also highlighted that the Bank’s capitalization is solid, with its tangible common equity (TCE)/risk-weighted assets (RWA) at 19.3% as of year -end 2023. The Bank had strong loan growth since the year 2020. Moody’s expects this trend to contine given the bank’s rapid loan growth target. Over the next few years, Moody’s forecasts TransBank’s capitalization to reach a level comparable with that of its commercial bank peers at mid-10%
| Outlook | Negative |
| Counterparty Risk Rating – Foreign currency | В3/NP |
| Counterparty Risk Rating – Domestic currency | B2/NP |
| Bank Deposits | B3/NP |
| Baseline Credit Assessment | b3 |
| Issuer Rating | B3 |
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Benefits
- Earn monthly interest on your deposits; ensuring a steady source of income;
- Deposit transactions are allowed anytime;
- Benefit from a higher than market average interest rate;
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Terms and conditions
|
Account currency |
MNT | USD |
| Term of deposit |
Annual Interest |
|
| 3 – 6 months |
11.3% |
3.8% |
|
7 – 12 months |
12.5% | 3.8% |
|
Interest payment on early termination |
2.4%-4.8% |
1.2% |
| Minimum balance | 1,000,000 MNT |
1,000 USD |
|
Interest payment conditions |
Every month | |
| Savings book |
Free |
|
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Other fees
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Customer application form; /download here/
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration
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Benefits
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Benefit from the highest deposit interest rates offered by the bank;
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Open a deposit account for children under 18 years of age, with the flexibility to extend it annually;
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Directly receive your children’s “Child Money” into their deposit account;