TRANSBANK IS AWARDED ASIAMONEY BEST BANK AWARDS 2019: BEST BANK FOR SME’s OF MONGOLIA

TransBank is awarded AsiaMoney Best Bank awards 2019: Best Bank for SME’s of Mongolia to be evaluated the contribution to the SME’s, economy and society of Mongolia, corporate social responsibility, corporate governance and financial stability.

AsiaMoney magazine is an International organization with the history of 30 years, do the surveys and analysis of the International banks and financial sectors of Asia-Pacific and aim to identify the best banks defining the tendency and development of the bank sector of Asia-Pacific.

TransBank supported the key eight business sectors of the biggest SME’s that contribute to Mongolian economy and society and the 70.5% of the total loans were issued to SME’s of trade, mining, transportation and logistics and micro loans were issued to the household businesses.

In the past years, even TransBank had no fund of projects and programs, the loans to support SME’s were issued using itself fund and possible sources. TransBank has issued the loans to SME’s with 12.1% of weighted average interest which was low by 12%-27% compared with the total systematic loans.

With the purpose of supporting women leadership and increasing the participation of women in economy and society, the bank has provided 31.7% of total issued loans to female-run-business.

In the future, TransBank aims to pursue the policies providing the financing and guidance to reduce GHG emission and heat loss, reduce the pollution of soil, air and environment and support the sector of eco-friendly technologies.