Trade and Development Bank of Mongolia
The Trade and Development Bank (TDB) of Mongolia (Mongolian: Худалдаа Хөгжлийн Банк) is a commercial bank located in Ulaanbaatar. 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 50 branches throughout the country.[2]
Public | |
Industry | Banking, Financial services |
Founded | 03 08 1990 |
Headquarters | Ulaanbaatar , Mongolia |
Area served | Mongolia |
Key people | B.Medree, (President) O.Orkhon, (CEO) |
Products | Credit cards, consumer banking, corporate banking, finance and insurance, investment banking |
₮ 139.3 billion ($ 706.0 million) (2013) | |
Total assets | ₮ 6.6 trillion ($ 2.75 billion) (2016) |
Website | tdbm.mn |
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]
References
- "TDB Introduction". TDB English website. Retrieved 2012-07-18.
- "TDB's branches". TDB English Website. Retrieved 2012-06-18.
- "TRADE AND DEVELOPMENT BANK OF MONGOLIA LLC" (PDF). KPMG Samjong Accounting Corp. Retrieved 2012-07-18.
- "TRADE AND DEVELOPMENT BANK OF MONGOLIA LLC" (PDF). KPMG Samjong Accounting Corp. Retrieved 2012-07-18.
- "TRADE AND DEVELOPMENT BANK OF MONGOLIA LLC" (PDF). KPMG Samjong Accounting Corp. Retrieved 2012-07-18.
- "TDB Management information". TDB English website. Retrieved 2012-06-18.
- "TDB Introduction". TDB English website. Retrieved 2012-06-18.