Awards

Euromoney’s Asiamoney publication, a prestigious source of economic, banking, and financial news in the Asia-Pacific region, annually recognizes the best banks and financial institutions in Asia. In 2022, Asiamoney awarded the Trade and Development Bank of Mongolia the titles of "Best Corporate Bank in Mongolia," "Best Green Bank in Mongolia," and "Best Socially Responsible Bank in Mongolia." 

These awards were given in recognition of the bank's contributions to Mongolia's socio-economic development, its efforts in sustainable development and green financing, and its innovative products and services designed to benefit customers.

The Trade and Development Bank (TDB) of Mongolia developed a Green Loan Program, securing MNT 71.2 billion in funding from international financial institutions. 

The bank successfully introduced products such as Business Green Loans and Consumer Green Loans, including digital and consumption green loans, to the market. As of the third quarter of 2022, TDB's green loan portfolio reached MNT 47 billion. The majority of these loans were allocated based on Mongolia's Green Taxonomy, with 36% directed towards sustainable water and waste management and 33% for energy efficiency.

Preliminary estimates suggest that the green projects and programs financed by TDB's Business Green Loans will help reduce greenhouse gas emissions by approximately 43 million kilograms of CO2 each year.

Each year the Mongolian Sustainable Finance Association (MSFA), the Bank of Mongolia (BoM) and the Financial Regulatory Commission (FRC) select organizations that have excelled in implementing sustainable finance practices. This year, the Trade and Development Bank (TDB) was honored with the newly introduced "Leading Organization in Gender Equality" award.

Trade and Development Bank (TDB) is one of the pioneering banks to establish the gender equality policy and a gender committee. Some of their notable initiatives to promote gender equality include:

Developing a long-term action plan within the framework of the bank's gender equality policy, which consolidates the current state and future plans for gender-sensitive financial products and services across the bank's business departments, divisions, and units.

“Women's Leadership’ program and the “Flexible Mom” program have been created to support women by offering flexible working hours and remote work options for those on maternity leave.

Collecting customer data broken down by gender.

TDB has introduced a gender training program for both new hires and senior managers. 

In addition, the bank has created special funding sources for women entrepreneurs, which go beyond business loans. This initiative also includes expanding product offerings to support self-employed women, helping to increase financial inclusion.

Additionally, TDB led the Gender Sub-Working Group under the MSFA to develop recommendations, methodologies, and tools as part of the project "Promoting Gender Equality in the Financial Sector and Strengthening Gender-Sensitive Financing Operations." They have been at the forefront of identifying and challenges faced by women entrepreneurs and exploring ways the bank can provide solutions.

"Top organization supporting female employment"

The Trade and Development Bank has been recognized as the leading organization for promoting female employment in Mongolia’s first-ever "Good Workplace Awards".

We also participated in the “Leading Organization in Human Resources Policy” category and were honored as a highly respected organization.