ING BANK ESTABLISHES TRADE FINANCE AND FOREIGN EXCHANGE LINES WITH TDB

1 December 2009

Representatives from ING Bank, a long-term partner of Trade and Development Bank of Mongolia (TDB), visited Mongolia on November 17-18 to conduct meetings and finalize agreements with TDB. During the discussions, ING Bank confirmed the reinstatement of a €5 million Trade Finance Line and a €5 million Foreign Exchange Trading Line in response to TDB's request. Additionally, ING Bank agreed to provide TDB access to its trading platform.

TDB's international network continues to grow, with the number of correspondent banks now reaching approximately 100. This development further strengthens TDB's global relationships and capabilities in trade finance and foreign exchange services.

ING BANK ESTABLISHES TRADE FINANCE AND FOREIGN EXCHANGE LINES WITH TDB

TDB Bank Successfully Participates in the 29th Session of the UNFCCC Conference of Parties (COP29)

TDB Issues Mongolia's First International Green and Social Bonds

TRADE AND DEVELOPMENT BANK TO IMPLEMENT A FINANCIAL SUPPORT PROGRAM FOR SMALL AND MEDIUM ENTERPRISES (SMEs)

Continuing with USD Foreign Cashback

The Trade and Development Bank is first bank to implement the ISO 23592:2021 international standard for Service Excellence in Mongolia.

TDB Accounts for 40% of Total Financing Provided by Banks to Mongolia’s Mining Sector