About Us

INTRODUCTION

Trade and Development Bank (TDB) LLC was established in 1990 and over past decades, has become a leading banking and financial services provider in Mongolia.

TDB, the oldest bank of Mongolia, prides itself for its leading position in the universal banking service provider, offering over 130 types of international standard banking products, professional and user friendly banking services. The Bank acts as a primary lender to most of Mongolian leading corporations as well as foreign corporations and foreign representative offices across all major industrial and commercial sectors with a constantly innovating range of universal banking products and services delivered with dynamism and excellence in service and quality.

TDB is undoubtedly the major player in the financial and banking markets as well as a major innovator of the Mongolian financial sector.

Mongolian Best Corporate Bank:

TDB serves approximately 400 major Mongolian corporations in almost all major sectors. The bank provides various corporate banking services including corporate lending, trade financing syndicated lending and deposit taking through highly qualified staffs;
TDB is the largest and most experienced bank in corporate lending and 57.0% trade financing market shares by the end of September, 2017.
At the end of September, 2017, TDB’s total SME loan amount reached MNT 122.2 billion.

TDB in retail market:

As of June, 2018, TDB provides services through a network of 65 branches and settlement centers, 201 ATMs and 4052 POS terminals and 1743 qualified employees.
In October 2017, TDB became the first bank to provide customers to get banking, insurance and stock market services on our online banking.
In September 2017, package service ATMs were introduced, through which customers are able to withdraw, deposit and transfer funds;
In September 2017, TDB launched the first ever Gold credit cards that adapted Visa Paywave technology, providing customers with the latest trends of banking and payment services;
In August 2017, TDB introduced TDB Pay service, where customers are able to process their payment through their smartphones, in only a few seconds;
In Introduced Master contract, which integrates 15 contracts of seven products and services into a main, single-page contract.
On May 22nd, 2015, the Bank introduced the Custodian services solution in the Mongolian capital market for the first time. The Custodian services solution is the key to the development of the capital market of Mongolia enabling the path of investment fund establishments.
TDB has launched Bank assurance services to its operation starting from April, 2015.
TDB has launched a new payment solution “Mobile POS”. To compare with the other similar devices introduced in Mongolian market, TDB’s Mobile POS deploys EMV chip card solutions with secured EMV level 1, 2 and PCI-DSS which is the security standard of international payment card industry.
All the POS terminals and ATMs of TDB started to accept Diners Club and Discover cards which are the world class prestigious cards and have the second largest worldwide settlement network. Thus, the Bank became the most types of payment card receiver in Mongolia.
Internet banking system was renewed with advanced technologies and became the new brand “TDB online” in August 2013. Also, the improvement of “Most Money” has led to more close relationship with customers.
First time in Mongolia, TDB introduced Union Pay card in October 2012, which includes CNY, MNT, and USD accounts at the same time.
TDB is the only bank that allows its clients to accept transactions from all the cards of the world’s leading financial institutions, such as Visa, Master card, JCB and Union Pay.

Globally acknowledged TDB:

TDB became a member of The American Chamber of Commerce (AmCham) in Mongolia.
Successfully repaid the RBD 700 million or USD 115 million senior unsecured bond on its maturity date;
TDB successfully issued USD 500 million senior unsecured notes under the Global Medium Term Note Programme guaranteed by the Government of Mongolia, listed at Singapore Stock Exchange on 19 May 2015.
TDB, Mongolia’s financial gateway to the world, has expanded its operation and successfully opened its first international representative office in Tokyo, Japan on July 23, 2014.
TDB has installed the high-tech LED screen on the wall of bank’s new office building to enhance the scenery of the city. The LED screen is the biggest not only in Mongolia, but in Asia with its advanced technology.
TDB successfully issued senior unsecured notes in 2007, 2010, 2012 in international finance market for the first time from Mongolia. Therefore, the bank successfully issued the country’s first ever offshore CNH 700 million or USD 115 million bond, listed at Hong Kong and Singapore Stock Exchange on 14 January 2014.
TDB has announced its first syndication on the international syndicated market in September 2013. About the facility, this is a USD 82 million co-financing facility with FMO; it comprises a USD 35 million A loan arranged by FMO and a USD 47 million B loan arranged jointly by ING and TDB Capital LLC.
In June, 2013, TDB Capital and MG Leasing, a subsidiary company of Japanese Sumitomo Mitsui Banking Corporation established a Corporate Alliance Agreement to launch a new company under TDB Leasing.
In October of 2012, TDB announced the official launch of Bloomberg TV Mongolia in partnership with Bloomberg International. The launch of Bloomberg TV Mongolia signifies the introduction of the first international broadcast news organization in Mongolia, one of the fastest-growing stock markets and investing environments in Asia today.
Furthermore, one of the most important highlights was TDB signed an investment agreement with The Goldman Sachs Group, a leading global financial services firm. Goldman Sachs has acquired a 4.8 percent stake in TDB in January 2012. The investment assists TDB in growing its business to meet the expected increased needs of its clients as Mongolia’s economy continues a period of strong economic growth.
In 2011, TDB Capital is regulated and licensed by the Financial Regulatory Commission of Mongolia to act as an underwriter, broker and other investment banking service provider that shall be done on behalf of the customer upon its order.
The Bank has direct correspondent relationships with more than 150 foreign banks and financial institutions and manages its international transactions through 44 nostro accounts held with top 27 banks. TDB provides 50% alone of the Mongolian foreign transfer.

Moody’s rating on TDB

LT/ST Bank Deposits (domestic currency)	B3
LT/ST Bank Deposits (foreign currency)	CAA1
LT/ST Issuer Rating	B3
Senior Unsecured	B3
Outlook	Stable

Standard & Poor’s ratings on TDB

Counterparty Credit Rating	B/Stable/B
Senior Unsecured	B
Outlook	Stable

Mission

As the leading universal bank in Mongolia- TDB constantly aims to achieve highest customer satisfaction by developing and providing demand driven, valuable banking solutions for corporate, SME and retail customers. Our success will be built upon our commitment to excellent service, staff professionalism and best corporate governance.

Vision

TDB will be the leading financial institution in Mongolia, a universal bank with a strong international presence, a dedicated, trusted and responsible financial partner helping all its clients and stakeholders in their pursuit of sustainable financial well-being.

Financial information

By the end of 2018, TDB’s total asset reached MNT 7283.8 billion and capital funds reached MNT 928.8 billion. TDB has a strong earnings track record of MNT 93.5 billion in 2014, MNT 61.5 billion in 2015, MNT 67.5 billion in 2016, MNT 73.8 billion in 2017 and MNT 12.6 billion by the end of December, 2018.

Awards

Trade and Development Bank named the “Best bank” of the year 2007

TDB was awarded by Commerzbank with “Excellent Quality of Straight Through Processing Award 2008”

TDB was awarded by the GTR journal with "Best trade finance bank in Mongolia 2011"

TDB is the best “Investment envoy”

Trade and Development Bank awarded excellent quality of foreign transaction bank

TDB wins the “Best Bank of Mongolia 2012” award

TDB HAS WON THE “BEST TRADE FINANCE BANK OF MONGOLIA” AWARD FOR THE SECOND CONSECUTIVE YEAR

Trade and Development Bank has competed in the world and awarded ‘Best corporate bank Mongolia 2012’

TDB has been awarded with “Best Bank of Mongolia” by the leading financial magazine “Euromoney”

TDB continues to lead as the “Best Commercial Bank Mongolia”

TDB HAS WON THE “BEST TRADE FINANCE BANK OF MONGOLIA” AWARD FOR THE THIRD CONSECUTIVE YEAR

TDB was awarded “Best Bank in Frontier Markets” from Asia

TDB WAS AWARDED “BEST COMMERCIAL BANK MONGOLIA” FOR THE SECOND CONSECUTIVE YEAR

TRADE AND DEVELOPMENT BANK WAS RECOGNISED AS THE “BEST ENTERPRISE” GLOBALLY

WORLD ECONOMIC FORUM RECOGNIZED TDB AS A “GLOBAL GROWTH COMPANY”

TDB has been awarded with “Best Bank of Mongolia”

TDB WAS AWARDED “BEST HIGH YIELD” BOND

“BEST COMMERCIAL BANK OF MONGOLIA” for FIFTH YEAR IN A ROW

Trade and Development bank name “The Leading Partner Bank in Mongolia” for the second consecutive year

Trade and Development Bank awarded “Best Domestic Bank in Mongolia 2016” by Finance Asia

Best Product Innovation of the Year - Gold Credit Card

Best Private Bank in Mongolia

Best Commercial Bank of Mongolia 2018

Standard of Stability

Best Sub-Custodian Bank

TDB shareholders

The Globull Investment & Development SCA (Global) 65.8253%, US Global Investment LLC (Global) 7.3155%, United Banking Corporation LLC (UBC) 19.9528%, GS Mongolia Investments Limited (Goldman Sachs) 4.7764%, individual shareholders (Mongolia) 2.1300% own respectively.

The Board of Directors of TDB consists: D.Erdenebileg (Chairman), R.Koppa (Director-Executive Vice Chairman), D.Gantugs (Director), D.Yanjmaa (Director), Z.Shagdarsuren (Independent Director), J.Bolormaa (Independent Director) and J.Delgersaikhan (Independent Director).

TDB’s Executive team