Euromoney’s Asiamoney publication, a prestigious source of economic, banking, and financial news in the Asia-Pacific region, annually recognizes the best banks and financial institutions in Asia. In 2022, Asiamoney awarded the Trade and Development Bank of Mongolia the titles of "Best Corporate Bank in Mongolia," "Best Green Bank in Mongolia," and "Best Socially Responsible Bank in Mongolia."
These awards were given in recognition of the bank's contributions to Mongolia's socio-economic development, its efforts in sustainable development and green financing, and its innovative products and services designed to benefit customers.
The Trade and Development Bank (TDB) of Mongolia developed a Green Loan Program, securing MNT 71.2 billion in funding from international financial institutions.
The bank successfully introduced products such as Business Green Loans and Consumer Green Loans, including digital and consumption green loans, to the market. As of the third quarter of 2022, TDB's green loan portfolio reached MNT 47 billion. The majority of these loans were allocated based on Mongolia's Green Taxonomy, with 36% directed towards sustainable water and waste management and 33% for energy efficiency.
Preliminary estimates suggest that the green projects and programs financed by TDB's Business Green Loans will help reduce greenhouse gas emissions by approximately 43 million kilograms of CO2 each year.