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 a 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 Asia-Pacific.

TransBank supported the key eight business sectors of the biggest SMEs contributing to the Mongolian economy and society. 70.5% of the total loans were issued to SME's of trade, mining, transportation, and logistics microloans 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 loans to SME's with 12.1% of weighted average interest, which was low by 12%-27% compared with the total systematic loans.

To support women's leadership and increase the participation of women in the economy and society, the bank has provided 31.7% of total issued loans to female-run-business.

In the future, TransBank aims to pursue 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.