The Netherlands Development Finance Company (FMO) has provided a total of $20 million in long-term loans to the Trade and Development Bank (TDB) of Mongolia, comprising a $10 million subordinated loan and a $10 million long-term loan.
As a financial institution investing in leading and driving private sector growth in its regions of focus, FMO recognized TDB’s significant contribution to Mongolia's rapid economic development. By extending this loan, FMO expressed its confidence in TDB's ability to maintain sustainable financial operations moving forward.
In addition to this financial support, FMO and TDB are collaborating to implement a "Environmental and Social Responsibility" policy, marking a new milestone in the development of Mongolia's financial market.
The Netherlands Development Finance Company (FMO)
FMO is a cooperative development bank dedicated to fostering private sector growth. The bank’s target markets focus on three pillars essential to economic development:
- Financial Institutions
- Renewable Energy and Agriculture
- Food and Water Supply Sectors
FMO creates diverse and tailored financial solutions based on real-world private business expertise. Additionally, the bank collaborates across other sectors by leveraging regional business characteristics, research, and experience, making it a highly experienced and versatile partner in driving regional economic growth.