On August 24th of this year, an awards ceremony was held at the Four Seasons Hotel in Macau, organized by FinanceAsia, Asia's leading financial magazine, to honor the best in the banking and financial sector. A key highlight of this year’s event was the introduction of the "Best Bank of Mongolia" award, presented for the first time after conducting assessments of Mongolian banks over the last three years. The selection was based on factors such as international recognition, reputation, scope of operations, and financial capacity. This year's "Best Mongolian Bank" award was presented to the Trade and Development Bank.
FinanceAsia, one of the most authoritative sources of financial news and analysis for Asian markets, has been organizing the Country Awards for the past 10 years. The winners are determined through assessments of key financial performance indicators, including return on assets, return on equity, and loan portfolio quality. As such, FinanceAsia’s Country Award for Achievement is considered distinct and highly respected within the financial industry.
Since the beginning of 2012, TDB has received two prestigious awards from internationally recognized publications. These accomplishments further solidify the bank’s position as Mongolia’s leading financial institution, with internationally recognized financial capabilities.