O. Orkhon, Chief executive officer of "Trade development bank" JSC, which is registered in the first category of "Mongolian Stock Exchange" JSC, presented the operational and financial report for the first half of 2023 on August 22.
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In the first half of 2023, "Trade development bank" JSC’s assets reached 9.8 trillion MNT, the loan portfolio reached 4.8 trillion MNT, and customer accounts and deposits reached 6.8 trillion MNT. These are 1%, 5%, and 10% increases compared to the final 2022 figure.
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In addition, the bank made a profit of MNT 92.1 billion, with a return on assets (ROA) of 1.9% and a return on equity (ROE) of 14.7%. Also, the ratio of first-class equity capital was 16.7%, and the indicator of quick payment ability was 40.9%.
Highlights of the first half of 2023:
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Built the ecosystem that called "Britto" has successfully and is continuing the "Saving Mongolia" campaign. As of the first quarter of 2023, the market share of VISA cards doubled compared to 2021 and reached 28%. The number of new customers participating in the "Saving Mongolia" campaign has doubled compared to the average of the previous 2 years.
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We introduced 12 new types of products and services for our customers, organizations, small and medium business owners, and citizens, and the number of new customers increased by 14% compared to the average of the previous 3 years during the reporting period.
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Salaries of employees have been increased by up to 25 percent.
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"Temenos Transact 24" basic registration system and "Temenos Infinity" digital banking platform solutions are being introduced, and "API Gateway Management Platform" was successfully introduced in June 2023.
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In addition to 64% of payday loans being processed digitally, the ratio of transactions between digital and physical channels has reached 97:3.
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International standards "#ISO23592 happy customer or service exceeding expectations" and "ISO9001:2015 quality management system - continuous improvement of customer satisfaction" have been introduced.
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