Best Trade Finance Bank in Mongolia
Global Trade Review, a magazine specializing in international trade news, hosted its “Asia Leaders in Trade 2011” competition to select the best trade finance banks in each country. The competition featured top banks from 26 countries, and Trade and Development Bank of Mongolia was recognized as the best trade finance bank in Mongolia for 2011.
Investment envoy
Foreign Investment and Foreign Trade Agency of Mongolia (FIFTA), the government implementing agency celebrated its 15th anniversary and during the ceremony FIFTA selected the Best Foreign Investment supporting organizations for the promotion and facilitation of foreign direct investment and foreign trade in Mongolia.
On this ceremony Trade and Development Bank (TDB) of Mongolia has received award of “Investment envoy”. The award of “Investment envoy” expresses importance of TDB‘s contribution to the promotion of Mongolia as a destination for new investment and business, providing investors with first-hand information; advice and guidance on making investment and doing business in Mongolia; facilitation of foreign investment and foreign trade towards meeting the national goals of industrial development and export growth.
TDB has always played a principal role in investment conferences, which draw international level experience with high level investors and decision-makers. The bank organizes every year “Investment forums” in cooperation with FIFTA for the last 10 years in order to increase efficiency of FDI in the country’s economy, to advertise and influence in creating more favorable environment for foreign investors, to implement new technology and management methodology and to share views and information, explore ideas with foreign investors.
TDB acts as a primary lender to most of the country’s leading corporations as well as foreign corporations and foreign representative offices across all major industrial and commercial sectors and has correspondent relationships with over 150 international financial institutions, thus becoming financial gateway to Mongolia.
The Best Provider of Support to the Mining Sector
On the 87th anniversary of the National Proclamation, The Mongolian Mining Journal hosted the "Mining Journal Awards 2011" ceremony for the second time. This prestigious event is designed to recognize and celebrate outstanding achievements in Mongolia’s mining sector over the past year.
During the ceremony, awards were presented in five categories, and the Trade and Development Bank was honored with the "The Best Provider of Support to the Mining Sector " award for its significant contributions to the industry.
Other winners included:
Best Mining Company: "Erdenet" Mining Corporation's Open Pit Mine
Best Responsible Mining Company: "Energy Resources"
Best Eco Mine: "Peabody Winsway Resources"
Best use of Technology: "Tavan Talst"
Best Exploration Company: "Hunnu Coal"
Person of the Year: D. Zorigt, selected through public voting.
The "Mining Journal Awards 2011" ceremony was attended by representatives from Mongolia’s mining and business sectors, along with international organization officials and ambassadors. This event highlighted the ongoing progress and innovation in Mongolia’s mining industry, as well as the key organizations and individuals who are driving its success.