In October 1990, the foundation for a two-tier banking system was laid in Mongolia, marking the establishment of the country’s first commercial bank, the Trade and Development Bank (TDB). From that historic day, Mongolia's banking and financial sector began to flourish, growing and spreading its influence. Today, TDB celebrates its 30th anniversary, having grown from a pioneer to a cornerstone of the nation’s economy.
Over the past three decades, TDB has been a trailblazer and leader in innovation, serving as a pillar of Mongolia’s economic development. With pride, the bank reflects on its achievements and contributions to the financial industry during this remarkable journey.
Since 2007, TDB has successfully issued five bonds on the international market, raising a total equivalent to USD 1.14 billion. These funds have been channeled to provide concessional loans to customers, contributing to the country’s foreign currency reserves, stabilizing the value of the national currency, and enhancing Mongolia’s trade competitiveness.
TDB proudly remains Mongolia’s first and only commercial bank to issue bonds on the international market, solidifying its position as a trailblazer in the financial sector.
TDB has continuously introduced innovative, first-of-its-kind products and services to Mongolia’s banking and finance sector, meeting the financial needs of its clients and business partners.
Currently, over 36,000 organizations operating in Mongolia use TDB’s products and services to grow their businesses, accounting for 36% of the country’s banking market share. Moreover, TDB handles 85% of Mongolia’s foreign payment transactions and provides 55% of the nation’s trade finance services, demonstrating its significant role in the economy.
With the widest network of correspondent banks internationally and a presence through its representative offices, TDB leads the sector in global partnerships and international banking operations.
Looking ahead, TDB remains committed to evolving its services to meet the changing demands of the market, enhancing customer satisfaction, and reinforcing its position as a pioneer and leader in the banking industry.
On the occasion of our 30th anniversary, we extend our deepest gratitude to our esteemed clients, business partners, international banking associates, and dedicated employees for your trust and commitment to driving progress together with us.
Together, we have created lasting value and unstoppable trust fueled by ambition and determination.
Together Towards Prosperity,
Trade and Development Bank