Trade and Development Bank of Mongolia has proven itself to be the most experienced trade finance facilitator with its widest international correspondent relationships and highly qualified trade finance services among local banks in Mongolia and has been awarded as the “Best Trade Finance Bank of Mongolia” for the second time.
Trade and Development Bank was awarded as a “LEADER IN SOCIAL RESPONSIBILITY” by the Mongolian Association of Certified Tax Consultants, recognizing its significant contribution to the development and progress of Mongolia and its high level of social responsibility.
The award was accompanied by the “For a Strong Mongolia” trophy and certificate.
TDB will continue to be aware of its social responsibility and lead for the good of society.
Global Trade Review, a magazine specializing in international trade news, hosted its “Asia Leaders in Trade 2011” competition to select the best trade finance banks in each country. The competition featured top banks from 26 countries, and Trade and Development Bank of Mongolia was recognized as the best trade finance bank in Mongolia for 2011.
Foreign Investment and Foreign Trade Agency of Mongolia (FIFTA), the government implementing agency celebrated its 15th anniversary and during the ceremony FIFTA selected the Best Foreign Investment supporting organizations for the promotion and facilitation of foreign direct investment and foreign trade in Mongolia.
On the 87th anniversary of the National Proclamation, The Mongolian Mining Journal hosted the "Mining Journal Awards 2011" ceremony for the second time. This prestigious event is designed to recognize and celebrate outstanding achievements in Mongolia’s mining sector over the past year.
During the ceremony, awards were presented in five categories, and the Trade and Development Bank was honored with the "The Best Provider of Support to the Mining Sector " award for its significant contributions to the industry.
The Asia Partner Meeting and Conference of MoneyGram, a leading provider of fast and low-cost international money transfers with 162,000 service points across more than 180 countries, was held last week in Bangkok, Thailand.
A nationwide public survey was conducted over the past two weeks to identify the best companies across various sectors of Mongolia's business community. The winners were announced on November 29 at the Misheel Expo Center. Organized by the Mongolian Institute of Marketing Management, the event featured organizations competing in 41 categories across 15 business sectors. Each sector named one “Grand Prix” winner and five “Top Companies” in each category.
The Mongolian Tax Administration has awarded Trade and Development Bank the “Reliable Taxpayer” certificate. This prestigious award is presented to organizations that consistently comply with Mongolia’s tax laws and regulations, making significant contributions to the country's budget revenue.
The Financial Market Association of Mongolia, in collaboration with Thomson Reuters, has been publishing the UBIBOR rate (average Ulaanbaatar interbank interest rate) to international financial markets since 2007. As part of this initiative, these organizations evaluate and consistently report the base rate from 14 commercial banks in Mongolia, with the best bank being announced each year.
Our bank has been honored with the title of "Best Spread Bank" in this evaluation.
TDB has long been Mongolia’s international gateway to the world. To facilitate fast and efficient international payments, TDB has established correspondent relationships with over 100 banks across 14 currencies. In recognition of its exceptional service, Commerzbank AG, one of Germany's largest banks, awarded TDB the “Excellent Quality of Straight Through Processing Award 2008” for its fast and reliable international transactions, particularly in Euro payments, with excellent quality.
