TDB Signs Agreement With Aktif Bank During SIBOS 2025

Economy
Өнөболд.Б
b.unubold@montsame.gov.mn
2025-10-03 13:25:53

Ulaanbaatar, October 3, 2025 /MONTSAME/. The Trade and Development Bank of Mongolia (TDB) is participating in SIBOS 2025, the annual global financial services conference taking place in Frankfurt, Germany.


During the event, TDB is promoting Mongolia’s banking sector on the international stage, exchanging expertise, and expanding its global partnerships.


Within the framework of the conference, TDB signed a Memorandum of Understanding with Aktif Bank of the Republic of Türkiye to enhance cooperation in the field of international trade finance. Under the agreement, TDB will provide its clients with opportunities to open letters of credit, issue guarantees, and access trade finance loans for transactions involving Türkiye, Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, and Uzbekistan.


TDB currently holds a leading position in outbound international payments from Mongolia to Türkiye, with a market share exceeding 50 percent.



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