transbank – Page 68 – Just another WordPress site

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

Terms and conditions of demand accounts
Currency		MNT	USD	EUR	CNY	JPY
Nominal interest rate	Up to 99,999,999 MNT/Deposit balance/	8.0%	1.5%	1.2%	1.2%	1.2%
	From 100,000,000 to 499,999,999 MNT/Deposit balance/	9.0%
	More than 500,000,000 MNT/Deposit balance/	10.0%
Effective interest rate	Up to 99,999,999 MNT/Deposit balance/	8.3%	1.51%	1.21%	1.21%	1.21%
	From 100,000,000 to 499,999,999 MNT/Deposit balance/	9.381%
	More than 500,000,000 MNT/Deposit balance/	10.471%
Interest payment		Monthly
Minimum balance of savings account		5,000 MNT	5 USD	5 EUR	50 CNY	500 JPY
Notes: It is a product that allows you to earn interest on your money by debit and credit at any time by opening a demand account.

Types of services	Short-term		Long-term
Term of deposit	6 months		12 months
Currency	MNT	USD	MNT	USD
Nominal interest rate	13.00%	3.0%	14.0%	4.0%
Effective interest rate	13.65%	3.04%	14.75%	4.06%
Interest payment on early termination	2.4%-4.8%	1.20%	2.4%-4.8%	1.20%
Minimum balance	200,000,000 MNT and equivalent USD		500,000,000 MNT and equivalent USD
Interest payment conditions	Quarterly
Credit conditions	Quarterly
Debit conditions	Possible. With the approval of the Chief Financial Officer
Conversion	At any time during the contract period, the full amount of the savings will be made.

Terms and conditions of demand accounts

Currency

MNT

USD

EUR

CNY

JPY

Nominal interest rate

Up to 99,999,999 MNT/Deposit balance/

8.0%

1.5%

1.2%

1.2%

1.2%

From 100,000,000 to 499,999,999 MNT/Deposit balance/

9.0%

More than 500,000,000 MNT/Deposit balance/

10.0%

Effective interest rate

Up to 99,999,999 MNT/Deposit balance/

8.3%

1.51%

1.21%

1.21%

1.21%

From 100,000,000 to 499,999,999 MNT/Deposit balance/

9.381%

More than 500,000,000 MNT/Deposit balance/

10.471%

Interest payment

Minimum balance of savings account

5,000 MNT

5 USD

5 EUR

50 CNY

500 JPY

Notes: It is a product that allows you to earn interest on your money by debit and credit at any time by opening a demand account.

Types of services

Short-term

Long-term

Term of deposit

6 months

12 months

Currency

MNT

USD

MNT

USD

Nominal interest rate

13.00%

3.0%

14.0%

4.0%

Effective interest rate

13.65%

3.04%

14.75%

4.06%

Interest payment on early termination

2.4%-4.8%

1.20%

2.4%-4.8%

1.20%

Minimum balance

200,000,000 MNT and equivalent USD

500,000,000 MNT and equivalent USD

Interest payment conditions

Quarterly

Credit conditions

Quarterly

Debit conditions

Possible. With the approval of the Chief Financial Officer

Conversion

At any time during the contract period, the full amount of the savings will be made.