Background
Annual Report 2024

As the oldest and largest commercial bank in Mongolia, we architect the financial infrastructure that connects local potential to international opportunity.

30+
Years Legacy
$4.2B
Total Assets
Who We Are

We are the bridge connecting
Mongolia to global markets.

Trade and Development Bank of Mongolia is a leading financial institution commanding 31.8% of the total market share in corporate lending.

Office

A Legacy of Firsts

From issuing the first international bond to introducing digital banking, we have pioneered the modernization of Mongolia’s financial landscape.

Key Sectors
Foundation Era
1990 – 2007

Pioneering the Market & Foundation

1990

Established as first state-owned commercial bank.

1992

First to adopt IFRS & Reuters platform.

1993

Pioneered intl payments (AmEx, Visa, MasterCard).

1996

First Mongolian member of SWIFT.

2001

Launched first ATM services.

2007

Issued US$75M Senior Notes (First in Mongolia).

Global Expansion
2008 – 2019

Global Expansion & Technology

2008

First to launch MasterCard & Euro MasterCard.

2010

Repaid US$75M notes, upsized to US$300M.

2013

Established TDB Leasing & Launched "TDB Online".

2016

Clearing bank for IATA & KYC/AML systems.

ESG Future
2020 – 2025

Public Listing & ESG Leadership

2020

Accredited by Green Climate Fund & Merged with Ulaanbaatar City Bank.

2023

IPO Success on Mongolian Stock Exchange.

2024

Partnered with BNY Mellon & S&P upgraded rating to B+.

2025

Moody's upgraded rating to B1.

Our Strategy

Strategic Pillars

To become the leading financial institution in Mongolia's development, we focus on three core anchors that drive sustainable value.

01. Customer Centric
02. International Standard
03. Digital Platform

Customer-Centric Bank

Positioning customers at the heart of our operations with fair pricing, transparent conditions, and seamless distribution channels.

Customer

International Bank

Setting the benchmark for green banking and partnering with global financial institutions to bring world-class standards to Mongolia.

International

Platform Bank

Building an integrated digital ecosystem connecting banks, fintechs, and customers through open collaboration and API innovation.

Platform

Corporate Governance

Leading with transparency and integrity.

Member

Bat-Erdene B.

Chairman of the Board

Member

Sarangerel G.

Independent Member

Member

Robert M.

Non-Executive Member

Board Structure

The Board consists of 9 members, including 3 independent directors, ensuring objective oversight and alignment with international governance standards.