TransBank increased its share capital MNT 50.00 billion

 

According to the official statement, no A-58 of President, Bank of Mongolia, the minimum amount of ordinary shares of commercial banks of Mongolia must be 50 billion MNT before December 31, 2017 official statement No A-58 as of December 31, 2019.

TransBank implemented that official task of the President of Bank of Mongolia successfully four months ago and became the 8th commercial bank of Mongolia.

An increment in the minimum amount of ordinary shares, which is the primary source of bank operation, is improved the risk-bearing capacity and self-sustained chance to finance major customers' demands.

TransBank renewed the operation determination and attempted to implement the active works to high increasing sectors and projects, which are essential for economic turnover to support export, foreign trade, and manufacturing.