Trade and Development Bank (TDB) has taken the lead in the "World Savings Day 2019" campaign by contributing significantly to financial literacy among youth and citizens. Throughout 2019, TDB successfully implemented various impactful initiatives to encourage financial planning and healthy saving habits.
About the Event
The "World Savings Day 2019" campaign was organized on October 31, 2019, by the Bank of Mongolia, the German Sparkassen Foundation for International Cooperation (SBFIC), the Mongolian Banking Association, the Deposit Insurance Corporation, and commercial banks. Since 2012, Mongolia has celebrated World Savings Day, initially introduced by the Mongolian Banking Association. Since 2017, commercial banks and other organizations have joined forces to promote awareness and practical skills for managing personal and household finances responsibly.
Under the theme “Responsible Customers - Responsible Banks” and the slogan “Save and Accumulate,” the 2019 event was celebrated in Ulaanbaatar, Darkhan, and Erdenet cities.
TDB's Initiatives
TDB actively engages in innovative initiatives aimed at enhancing the financial literacy of children and fostering financially responsible citizens in Mongolia. Highlights of its activities include:
- Children's Financial Education Program: In collaboration with the Mongolian Children's Palace, TDB established a dedicated financial education class named after the bank. This initiative includes offering scholarships to students as part of the World Savings Day celebration.
- Public Awareness Campaign: TDB launched the slogan "Change Your Attitude, Grow Your Savings" to inspire citizens through social media channels. Educational articles, tips, and awareness campaigns were shared to promote the importance of saving.
- Creative Contests for Children: The bank hosted photography and drawing competitions under the theme of saving, engaging the youngest members of society in a creative way to understand financial responsibility.
By leading these efforts, TDB continues to solidify its role as a pioneer in advancing financial education and fostering a culture of saving in Mongolia.