/ Sep 23, 2016

TDB SUCCESSFULLY ATTENDED THE FIRST MONGOLIA – RUSSIA BANKING FORUM

TDB had joined on Saint – Petersburg International Banking Conference XXI arranged by Promsvyazbank from June 13 to June 15, 2016 together with other commercial banks of Mongolia.

During the conference, the Mongolia-Russian Banking Sector Forum, initiated by Central Bank of Mongolia, had successfully arranged under theme of “Extending the territory: Up to date banking system of Mongolia” with support of Central Bank of Russia and Promsvyazbank. TDB had introduced current business relationships with Russian banks, optimal financial instruments which supports transaction settlement between two countries and opportunities to increasing utilization of trade finance whilst other commercial banks presented issues including current banking system of Mongolia, opportunities to invest in Mongolia, facing obstacles between two countries’ cooperation and its solution.

 


TDB has built strong relationship with leading banks of Russia including Sberbank, VTB, Russian Agricultural Bank, Unicredit Bank, EXIM Bank of Russia, Promsvyazbank, International Bank for Economic Cooperation, International Investment Bank, and Asian Pacific Bank on clearing of Ruble, Import finance, Syndication and Foreign exchange business. In 2015, 58.2% of total trade finance related transactions of Mongolia has executed by the TDB.


During the conference, TDB had arranged individual meetings with international banks to enhance foreign settlement and to promote further cooperation on financing.


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