Ulaanbaatar
TDB on Border Trade Loan with CCB
Economy
Ulaanbaatar /MONTSAME/ Trade and Development Bank of Mongolia and China Construction Bank have signed “Border Trade Loan Agreement” on August 21.
The China Construction Bank (CCB) is the largest investment bank in China's construction sector, operating since 1954. CCB has been named the 2nd largest bank in the world by market capitalization and 6th largest company in the world in 2015. Trade and Development Bank, Mongolia’s leading trade finance service provider ,and CCB have held a close cooperation since 2007 in terms of MNT and RMB transactions, co-financing and trade financing services.
Trade and Development Bank of Mongolia has further extended its cooperation with China Construction Bank by signing a Memorandum of Understanding on “Border Trade Loan Agreement” on August 21, 2017. This agreement validates extensive trade financing opportunities to business entities handling import and export of equipment and goods between Mongolia and China, moreover, enables delivery of loans with more favorable conditions, promoted bilateral trade development and strategic partnerships. Furthermore, the two parties are currently working on co-financing of large-scale construction and infrastructure projects in Mongolia.
The China Construction Bank (CCB) is the largest investment bank in China's construction sector, operating since 1954. CCB has been named the 2nd largest bank in the world by market capitalization and 6th largest company in the world in 2015. Trade and Development Bank, Mongolia’s leading trade finance service provider ,and CCB have held a close cooperation since 2007 in terms of MNT and RMB transactions, co-financing and trade financing services.
Trade and Development Bank of Mongolia has further extended its cooperation with China Construction Bank by signing a Memorandum of Understanding on “Border Trade Loan Agreement” on August 21, 2017. This agreement validates extensive trade financing opportunities to business entities handling import and export of equipment and goods between Mongolia and China, moreover, enables delivery of loans with more favorable conditions, promoted bilateral trade development and strategic partnerships. Furthermore, the two parties are currently working on co-financing of large-scale construction and infrastructure projects in Mongolia.
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