Euromoney magazine has awarded the Trade and Development Bank (TDB) of Mongolia the title of "Best Corporate Bank"
Euromoney magazine annually organizes the "Awards for Excellence" program to recognize the achievements of the best in the global banking and financial sector. In 2024, Euromoney awarded the Trade and Development Bank (TDB) of Mongolia the title of "Best Corporate Bank" This award reaffirms TDB's position as a leading bank representing Mongolia on the international stage.
The Trade and Development Bank (TDB) of Mongolia has a history of offering its shares to the public, receiving 126.4% more subscriptions than the initial offering amount. Approximately 50% of the total funds raised from the market have been allocated to corporate loans, with a significant portion dedicated to green financing initiatives.
This year, the Trade and Development Bank (TDB) of Mongolia signed a long-term financing agreement with the U.S. International Development Finance Corporation (DFC), a U.S. government agency. The funding will support micro, small, and medium enterprises (MSMEs) and women entrepreneurs in Mongolia, as well as efforts to combat climate change.
Additionally, TDB issued $50 million worth of Green and Social Bonds in the international market. These bonds are part of TDB's ongoing initiatives to contribute to sustainable finance and development in Mongolia.
Based on its products, services, policies, and new initiatives, Euromoney magazine awarded TDB the title of "Best Bank for Corporates 2024." This recognition highlights TDB's leadership in the banking sector and its role in representing Mongolia on the international stage.
TDB will continue to increase foreign investment and contribute to Mongolia's sustainable development.