TransBank has been established as a correspondent account and has been started the cooperation with the leading international commercial bank, COMMERZBANK AG of Germany, for the purpose of supporting foreign trade of customers and make international payments and transactions fast and safely. COMMERZBANK AG of Germany transacts approximately 30% of Germany's foreign trade and is the market leader with approximately 800 branches in 50 countries.
TransBank's operation has been expanded since 2017 rapidly. In particular, as Mongolia is registered in the grey-list and Mongolian commercial banks' criteria have been increased, our business operation has been expanded and providing quick payment services successfully.
Currently, TransBank offers international remittances services in commonly used currencies such as USD, EUR, RUB, CNY, JPY, and GBP for relatively favorable terms.
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