Trade and Development Bank of Mongolia

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Trading and Development Bank
Type Public
Industry Banking, Financial services
Founded 03 08 1990
Headquarters Ulaanbaatar, Mongolia
Area served Mongolia
Key people Randolph Koppa, (President)
B.Medree, (CEO)
Products Credit cards, consumer banking, corporate banking, finance and insurance, investment banking
Net income ₮ 20 billion ($ 16 million) (2010)
Total assets ₮ 1.3 trillion ($ 1.1 billion) (2010)
Website tdbm.mn

The Trade and Development Bank (TDB) of Mongolia (Mongolian: Худалдаа Хөгжлийн Банк) is a commercial bank located in Ulan Bator. It is the oldest, as well as one of the largest banks in Mongolia.[1] It was founded in October 1990 and currently has a total of 45 branches throughout the country.[2]

The Trade and Development Bank of Mongolia LLC is a Mongolian domiciled limited liability company first permitted to conduct banking activities on May 29, 1993. Its current banking license was renewed on February 27, 2002.[3]

A wholly owned subsidiary of TDB, TDB Capital LLC, was founded on August 14, 2008. This subsidiary focuses on brokerage and underwriting services to various customers.[4]

The direct parent company of TDB is Global Investment and Development SCA, which owns 65.83% of TDB and is incorporated in Luxembourg.[5][6] In January 2012, Goldman Sachs gained possession of 4.8 % of TDB.[7]

Honourable Mentions[edit]

On January 20, 2010, TDB and its employees donated MNT 50 million to the Mongolian National Emergency Management Agency (NEMA) to help rural families during the Zud weather emergency.[8]

References[edit]

  1. ^ "TDB Introduction". TDB English website. Retrieved 2012-07-18. 
  2. ^ "TDB's branches". TDB English Website. Retrieved 2012-06-18. 
  3. ^ "TRADE AND DEVELOPMENT BANK OF MONGOLIA LLC". KPMG Samjong Accounting Corp. Retrieved 2012-07-18. 
  4. ^ "TRADE AND DEVELOPMENT BANK OF MONGOLIA LLC". KPMG Samjong Accounting Corp. Retrieved 2012-07-18. 
  5. ^ "TRADE AND DEVELOPMENT BANK OF MONGOLIA LLC". KPMG Samjong Accounting Corp. Retrieved 2012-07-18. 
  6. ^ "TDB Management information". TDB English website. Retrieved 2012-06-18. 
  7. ^ "TDB Introduction". TDB English website. Retrieved 2012-06-18. 
  8. ^ "Trade Development Bank has given 50 million tugrugs to National Emergency Management Agency". TDB English Website. Retrieved 2012-07-18. 

External links[edit]