/ May 15, 2008

“SILK ROAD AWARD” for outstanding contributions to business ties with Mongolia

Mr. Randolph Stanley Koppa, President of Trade and Development Bank of Mongolia, was honored by the Mongolian National Chamber of Commerce and Industry with its 2007 SILK ROAD AWARD for his contribution to sustainable growth in the local financial sector. The award was successfully launched in Ulaanbaatar on February 1, 2008.

The Mongolian National Chamber of Commerce and Industry has been organizing the Silk Road Award event since last year to provide support and recognition to businesses making a meaningful contribution to sustainable growth in the local economy.

Mr. Randolph Stanly Koppa has been with Trade and Development bank since October 2004. He is an international banker who has worked in 12 countries over his 40-years career. For the past 15 years he had been with ING Bank provided technical and managerial assistance to TDB.

TDBM has become the first Mongolian bank with total assets grew to MNT 500 000.0 million. Furthermore, a credit rating of B2 from Moody’s, one of the world leading agencies, improved recognisibility of TDB in international markets. This allowed TDB to successfully complete the first ever public placement of debt by a Mongolian company in the international capital markets with a USD 75 million senior unsecured bond issue within a USD 150 million EURO medium Term Notes (EMTN) Program arranged by ING Bank.

TDB would like to take this opportunity to congratulate  Mr. Delia Barcelona, UNFPA – United Nations Population Fund,  Mr. Mark Minton -USA Аmbassador,  Mr. Arshad Sayed -World Bank Country Manager & Resident Representative and all others nominees and winners of this year’s award  for the outstanding contribution they have made to the development and wel –being of Mongolia.  Moreover, the Bank would like to thank all of management and staff at the bank and our loyal customers for their dedication and contribution to such remarkable progress, which we trust will continue for years to come.

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