A nationwide public survey was conducted over the past two weeks to identify the best companies across various sectors of Mongolia's business community. The winners were announced on November 29 at the Misheel Expo Center. Organized by the Mongolian Institute of Marketing Management, the event featured organizations competing in 41 categories across 15 business sectors. Each sector named one “Grand Prix” winner and five “Top Companies” in each category.
In this event, evaluated through public voting, Trade and Development Bank (TDB), Mongolia's oldest commercial bank, was awarded the Grand Prix in the banking, finance, and insurance sector. This recognition reaffirms TDB’s leadership in the market and highlights its reliability, stability, and risk-free operations. Since its establishment on October 19, 1990, TDB has remained at the forefront of Mongolia's banking and finance market, contributing to the national economy with strong capital adequacy, a wide range of services, and significant operational scale.
TDB was the first bank in Mongolia to adopt the management practices of the world-renowned ING Bank, gain the trust of the Asian Development Bank and the International Finance Corporation with a 9 billion MNT investment to strengthen its capital base, and receive a commercial bank rating from the prestigious international rating agency Moody’s. Furthermore, TDB successfully raised $75 million from the international financial market as part of a $300 million Euro Medium-Term Note (EMTN) program, among other significant achievements that set an example for the industry.
Today, TDB boasts assets worth 670 billion MNT, has over 120,000 cardholders, and offers services with VISA, Mastercard, JCB, and American Express payment cards. The bank efficiently handles trade finance, foreign payments, and currency trading in partnership with over 80 financial institutions worldwide, providing services through 20 branches, 5 transaction centers, and 50 ATMs. Reflecting on 18 years of growth and development, TDB expresses its gratitude to its customers, employees, and everyone who voted for the bank. TDB remains committed to innovating and leading the market, contributing to the country’s development and the well-being of the Mongolian people.