TransBank (Transport and Development Bank LLC) (the Bank) originally received its banking license from the Bank of Mongolia on February 28, 1997. October 27, 2016, was a historic day for the Bank, marking how it re-established its operations. On that day, the Bank's new shareholders acquired 100% ownership of the Bank from its previous shareholders. Following the acquisition, the new Board of Directors and the executive management team defined and planned its short and long-term strategic goals. The Bank has been operating progressively since then.