/ Jul 29, 2016

"Trade and Development Bank and China Development Bank sign a loan agreement in the amount of USD 20 million during the 11th ASEM Summit"

TDB has been paying substantial attention to expand the financial cooperation and trade and economic relation with China P.R, the biggest trade partner of Mongolia.

On July 14, 2016, during the official visit of Chinese Premier Li Keqiang and the 11th ASEM Summit, Trade and Development Bank and China Development Bank have signed a loan agreement in the amount of USD 20 million which shall be utilized for project financing.

This cooperation has enabled Mongolian companies to be financed with favorable loan financing conditions as lower interest rate and longer term.

 


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