Тээвэр Хөгжлийн Банк
TransBank began its operations with the registered capital of MNT400.0 million and 7 employees by obtaining a license to carry out banking activities, including provision of transaction services, disbursement of loans on its behalf, purchase or sale of securities, foreign exchange operations, provision of financial and investment consulting services, acceptance of deposits, receipt of valuables into custody, and provision of payment guarantees to third parties on its behalf, from the Bank of Mongolia on February 28, 1997. From that time forward, we have been continually operating in the Mongolia’s banking and financial market for 13 years. In 2006, we became a Swiss-Mongolian joint bank by increasing its registered capital to MNT8.0 billion with investment from Switzerland, a leading country in the world in terms of its reliable banking activities and optimal management with rich banking and financial experience. With a view to expanding its international relations and developing joint financing activities, TransBank has been maintaining cooperation with large overseas banks, including one of the top 50 banks in the Russian Federation SUDOSTROITELNY BANK, RUSSLAVBANK, BAIKALBANK, INTERNATIONAL BANK FOR ECONOMIC CO-OPERATION, RAIFFEISENBANK OF AUSTRIA, and CHINA CONSTRUCTION BANK CORPORATION.
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