TransBank named as Top three banks of "World Savings Day" Campaign


TransBank has successfully and enterprised in the "World Savings Day" Campaign for the second year and named one of the top three banks. The campaign is objective to make understanding the importance of savings and financial literacy. It is implemented by the representative office in Mongolia of Sparkasse Bank Foundation of the Federal Republic of Germany with the Bank of Mongolia, Mongolian Bankers Association, Deposit Insurance Corporation of Mongolia, and 13 commercial banks Mongolia. The campaign was organized under the slogan "Saving money" to increase the customers' financial participation, improve financial allotment, and provide Mongolia's financial stability.

In the campaign framework, TransBank has initiated and implemented activities and produced video content of financial psychology to the public that shows the impact of financial psychology, financial literacy, and possibilities to improve the habit of saving money.

Besides, the content contest was organized under the slogan "Saving Money" to students of Mongolia's secondary schools and universities. The financial lecture and training are objective to improve children and young generation's financial literacy to manage their finance well-organized and appropriate habits. TransBank initiates corporate social responsibility activities annually for the campaign and implemented the good deeds "Share Positivity" and "Educated Citizen" in 2019. In the scope of the good deed "Share Positivity," TransBank has contributed by donating to the non-governmental organization to provide a safe and convenient environment for the guests, children, and elders who visit "Nogoon Nuur Garden."

In the framework of "The educated citizen," we enhanced the book areas and donated English and Mongolian books of science, knowledge, and fiction to the over 1600 students of 124th high school in Songinokhairkhan district, over 300 students of 29th Special secondary school and "Bumbardai" children's library which was established voluntary by Khishigt S. who is a 60-year-old resident of 10th sub-district, Bayanzurkh district contributing to the intellectual development of children.

In 2018, TransBank won 1st place in the "World Savings Day" campaign.