Trade and Development Bank (TDB) has signed a “Cooperation Agreement” with Gazprombank, one of Russia’s leading banks. This partnership marks the launch of a long-term collaboration aimed at supporting payment settlements and ensuring the fulfillment of commitments for mega projects jointly implemented by Russia and Mongolia. The agreement also includes services related to fund management and trade finance.
Through this agreement, the scope of cooperation with major Russian banks and financial institutions will expand. It is expected to contribute significantly to supporting major projects, programs, and trade initiatives implemented by enterprises engaged in trade with Russia.
The partnership between TDB and Gazprombank will play an important role in developing infrastructure in strategic sectors such as energy, transportation, and mining, while also fostering economic and financial cooperation between the two countries.
Recognized globally for its reliability and financial capacity, TDB maintains strong partnerships with over 200 renowned international banks and financial institutions. As a leading institution in Mongolia, TDB provides comprehensive financial services to support foreign trade and investment, maintaining its dominant position in the market.
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