Trade and Development Bank has once again reaffirmed its leadership in sustainable finance by becoming the first bank from Mongolia to receive the “Best Sustainability Loan” award at the prestigious The Asset Triple A Awards, one of the most respected recognitions in the global financial industry.
The Asset Triple A Awards is an independently judged awards program with more than 20 years of history, recognizing excellence in banking, investment, and capital markets across global financial markets. The awards are widely regarded as a benchmark for identifying the most outstanding financing transactions worldwide.
TDB was recognized under the “Sustainable Finance Awards: Country – Market – Regional” category for “Deal of the Year – Sustainable Finance” for a landmark co‑financing transaction implemented in partnership with GuarantCo, a member of the Private Infrastructure Development Group (PIDG), which is jointly established and funded by European Union member states. Under the transaction, TDB successfully secured five‑year long‑term financing from the Korea Development Bank (KDB), supported by a GuarantCo guarantee - a key factor underpinning the award decision.
This deal represents TDB’s first collaboration with GuarantCo and KDB and marks a significant milestone for Mongolia’s banking sector by establishing a new benchmark for internationally guaranteed sustainable financing structures.
The Government of Mongolia and financial regulators have identified sustainable finance as a strategic priority and are implementing key policy frameworks, including the Mongolian Sustainable Finance Roadmap and the Green Taxonomy. Despite these efforts, Mongolia still requires an estimated USD 11.5 billion in financing to meet its greenhouse gas emission reduction targets by 2030.
Against this backdrop, TDB continues to play a leading role in advancing sustainable finance. Through this transaction, the Bank has expanded access to affordable, long‑term financing for projects with significant environmental and social impact, including renewable energy, green buildings, sustainable agriculture, and waste management.
Successfully launched in 2025, this first‑of‑its‑kind deal in Mongolia, jointly implemented with GuarantCo and KDB, has not only set a new precedent for the domestic banking sector but also delivered a historic achievement - bringing Mongolia its first “Best Sustainability Loan” award at The Asset Triple A Awards.
Trade and Development Bank of Mongolia has consistently maintained a leading position in environmental, social, and governance practices within the country’s banking sector. This latest recognition further underscores TDB’s role as a clear frontrunner in financing sustainable development in Mongolia.
TOGETHER TOWARDS SUSTAINABILITY
TRADE AND DEVELOPMENT BANK