The Government of Mongolia and Mongolian Chamber of Commerce and Industry granted TDB as Best bank amongst Top 5 commercial banks in Mongolia. This recognition was presented during the award ceremony for “Top 100 enterprises”, held in Sunjin Grand Hotel on February 29th, 2008.
The Best Bank award honors TDB for successfully expanding its business in corporate finance and capital market. As the leading bank in the Mongolian financial market, TDB has worked to reduce its loan interest by raising low interest funds from the international financial market. In 2007, encouraged by the bank’s Moody’s rating, the Bank has registered its inaugural USD 150 million EMTN Programme and successfully issued USD 75 million Registered Notes. This debut issuance was Mongolia’s first ever public placement of debt in the international capital markets. By successfully raising these funds, TDB has been able to provide longer term loans to its clients at lower interest rates.
TDB serves over half of corporate borrowers in Mongolia and within the Mongolian banking sector, TDB holds the largest portfolio of foreign assets, making it the lead player in the foreign exchange market, handling 50 percent of the international transactions.