Улаанбаатар
The Trade and Development Bank JSC Recognized as the “Best Corporate Bank of 2024” by Euromoney Magazine
Economy
Ulaanbaatar, December 11, 2024 /MONTSAME/. Euromoney magazine annually organizes the "Awards for Excellence," a program that celebrates remarkable achievements in the global banking and financial sector, choosing the best of the best. These awards are recognized as the most prestigious in the banking industry. In 2024, the Trade and Development Bank JSC was honored as "The Best Bank for Corporates," affirming its role as a leading institution that proudly represents Mongolia on the international stage.
Trade and Development Bank JSC is
one of the most influential banks in the system. In the past, the bank offered
its shares to the public, receiving an astonishing 126.4% more subscriptions
than anticipated in the primary market. Approximately 50% of the total funds raised
was dedicated to empowering corporate loans, while a significant portion was
committed to green financing, fostering a sustainable future.
This year, the Trade and
Development Bank JSC secured a significant long-term financing agreement with
the Development Finance Corporation (DFC), a U.S. government agency. This
collaboration will foster sustainable financing and development in Mongolia by
providing loans that support micro, small, and medium enterprises, women
entrepreneurs, and combat climate change. Through these impactful services,
policies, and initiatives, the Euromoney has honored TDB as the “Best Corporate
Bank of 2024 in Mongolia.”
This year, the Trade and
Development Bank proudly issued $50 million in Green and Social Bonds on the
international market, aiming to further increase the foreign investment and
contribute to the sustainable development in Mongolia.
