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The Trade and Development Bank JSC has been recognized as the “Best Corporate Bank of 2024” by Euromoney magazine

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  • 2024-12-11
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The Trade and Development Bank JSC has been recognized as the “Best Corporate Bank of 2024” by Euromoney magazine

Euromoney magazine annually organizes the "Awards for Excellence," a program that celebrates remarkable achievements in the global banking and financial sector, choosing the best of the best. These awards are recognized as the most prestigious in the banking industry. In 2024, the Trade and Development Bank JSC was honored as "The Best Bank for Corporates," affirming its role as a leading institution that proudly represents Mongolia on the international stage.

Trade and Development Bank JSC is one of the most influential banks in the system. In the past, the bank offered its shares to the public, receiving an astonishing 126.4% more subscriptions than anticipated in the primary market. Approximately 50% of the total funds raised was dedicated to empowering corporate loans, while a significant portion was committed to green financing, fostering a sustainable future.

This year, the Trade and Development Bank JSC secured a significant long-term financing agreement with the Development Finance Corporation (DFC), a U.S. government agency. This collaboration will foster sustainable financing and development in Mongolia by providing loans that support micro, small, and medium enterprises, women entrepreneurs, and combat climate change. Through these impactful services, policies, and initiatives, the Euromoney has honored TDB as the “Best Corporate Bank of 2024 in Mongolia.”

This year, the Trade and Development Bank proudly issued $50 million in Green and Social Bonds on the international market, aiming to further increase the foreign investment and contribute to the sustainable development in Mongolia.

 

 

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