transbank

Became a Direct Participant in the over-the-counter (OTC) market.

Opened USD, HKD, and SGD accounts with Oversea-Chinese Banking Corporation (OCBC), Singapore.

Moody’s reaffirmed the Bank’s Baseline Credit Assessment (BCA) at “B3”, in line with Mongolia’s sovereign rating, for the third consecutive year.

Completed the merger with Credit Bank, in accordance with the Law on Banking and the Company Law of Mongolia, following approval by the Bank of Mongolia on July 27.

Established a correspondent banking relationship with Sumitomo Mitsui Banking Corporation (SMBC), Japan.

Launched UnionPay Platinum and Diamond credit cards, introducing premium international card products to the Mongolian market.

Received a B3 baseline credit assessment from Moody’s, in line with the sovereign rating of Mongolia.