On September 5, 2019, the election for the President of the Mongolian Bankers Association (MBA) was held, and TDB Bank President B. Medree was re-elected with a majority vote. According to the association's charter, the president must be a representative of a core member organization—legal entities with a license to operate commercial banking within Mongolia—and is elected by the General Assembly for a two-year term.
During his reappointment, President B. Medree expressed his commitment to continuing efforts to reduce loan interest rates through comprehensive measures. He also emphasized plans to streamline operational costs within banks by consolidating overlapping expenditures and leveraging fintech companies for specific functions.
B. Medree is a highly experienced banker with over 30 years of experience in the banking and finance sector. He has previously served as the President of the Mongolian Bankers Association once before and as its Vice President twice. His notable contributions include:
- Being one of the initiators of the two-tier banking system in Mongolia;
- Introducing the 8% housing loan scheme;
- Leading the implementation of the JBIC-funded "Two-Stage Loan Program for Small and Medium Enterprise Development and Environmental Protection" in Mongolian commercial banks;
- Drafting the Deposit Insurance Law and the Credit Information Database Law.
His reappointment highlights his longstanding dedication and impact on Mongolia's banking and financial sectors.