TRADE AND DEVELOPMENT BANK HAS BEEN AWARDED THE 2024 “LEADING ORGANIZATION IN GENDER EQUALITY”
Trade and Development Bank has been selected as “The Leading Organization in Gender Equality” in 2024 by the Mongolian Sustainable Finance Association (MSFA), the Bank of Mongolia (BoM), and the Financial Regulatory Commision (FRC). Each year, MSFA recognizes organizations that have excelled in their fields and made valuable contributions to the implementation and advancement of sustainable finance policies, leading the way in sustainable financing commitments. The award recognizes the bank’s commitment to supporting sustainable development, promoting gender equality, and its leadership in the financial sector.
Since the adoption of the “Gender Equality Policy” in 2019, TDB established its Gender Committee to oversee the implementation of the bank’s gender equality action plan and to promote gender-sensitive financial services. Within the framework of this policy:
In 2024, TDB successfully organized an interactive classroom training on “Gender-Sensitive Management” for directors and senior managers.
TDB’s newly appointed employees successfully attended the monthly training regarding "Gender Equality".
TDB initiated the “Women`s Leadership” program consisting of 3 different module trainings for employees returning to work from maternity leave.
TDB introduced the “Flexible Mom” program, which aims to ensure the continuous development and career stability of female employees by offering flexible hours and remote work opportunities.
TDB became the first in the banking industry to introduce the “Lady Card” and successfully organized its first “Be Lady” networking event to support its female customers.
TDB also approved its “Flexible Work Schedule Guidelines” and the “Workplace Sexual Harassment Prevention and Protection Regulations”.
The Bank has set a long-term goal of providing $2 billion in sustainable financing to its clients by 2030. As part of this goal, in 2024:
TDB successfully secured a long-term concessional funding from the U.S International Development Finance Corporation (DFC) to support Mongolian SMEs and women entrepreneurship as well as green and sustainable businesses.
For the first time from Mongolia, TDB issued green and social bonds in the international market, the proceeds of which will be utilized to finance green and social projects aimed to facilitate sustainable and inclusive economic development in the country.
As the oldest and leading commercial bank in Mongolia, TDB will continue to increase financial inclusion by setting an example for other banks, sharing its experiences, and contributing to gender equality in the financial sector.
TOGETHER TOWARDS SUSTAINABALITY
TRADE AND DEVELOPMENT BANK
"Best Corporate Bank"
Euromoney magazine has awarded the Trade and Development Bank (TDB) of Mongolia the title of "Best Corporate Bank"
Euromoney magazine annually organizes the "Awards for Excellence" program to recognize the achievements of the best in the global banking and financial sector. In 2024, Euromoney awarded the Trade and Development Bank (TDB) of Mongolia the title of "Best Corporate Bank" This award reaffirms TDB's position as a leading bank representing Mongolia on the international stage.
The Trade and Development Bank (TDB) of Mongolia has a history of offering its shares to the public, receiving 126.4% more subscriptions than the initial offering amount. Approximately 50% of the total funds raised from the market have been allocated to corporate loans, with a significant portion dedicated to green financing initiatives.
This year, the Trade and Development Bank (TDB) of Mongolia signed a long-term financing agreement with the U.S. International Development Finance Corporation (DFC), a U.S. government agency. The funding will support micro, small, and medium enterprises (MSMEs) and women entrepreneurs in Mongolia, as well as efforts to combat climate change.
Additionally, TDB issued $50 million worth of Green and Social Bonds in the international market. These bonds are part of TDB's ongoing initiatives to contribute to sustainable finance and development in Mongolia.
Based on its products, services, policies, and new initiatives, Euromoney magazine awarded TDB the title of "Best Bank for Corporates 2024." This recognition highlights TDB's leadership in the banking sector and its role in representing Mongolia on the international stage.
TDB will continue to increase foreign investment and contribute to Mongolia's sustainable development.