It has been a busy year for all lenders, but particularly for TransBank. It increased its share capital in the first nine months of 2020 by Tug22 billion, to Tug72 billion ($25 million): this boosted its capital adequacy ratio to 43.48% from 31.5%, and made it Mongolia’s second-highest capitalized lender. The increase brings it in line with central bank demands and improves not only its risk tolerance, but also its ability to deliver the right services to the right customers.
December 30, 2020