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]

Trading and Development Bank
Public
IndustryBanking, Financial services
Founded03 08 1990
Headquarters
Ulaanbaatar
,
Mongolia
Area served
Mongolia
Key people
B.Medree, (President)
O.Orkhon, (CEO)
ProductsCredit 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)
Websitetdbm.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
  1. "TDB Introduction". TDB English website. Retrieved 2012-07-18.
  2. "TDB's branches". TDB English Website. Retrieved 2012-06-18.
  3. "TRADE AND DEVELOPMENT BANK OF MONGOLIA LLC" (PDF). KPMG Samjong Accounting Corp. Retrieved 2012-07-18.
  4. "TRADE AND DEVELOPMENT BANK OF MONGOLIA LLC" (PDF). KPMG Samjong Accounting Corp. Retrieved 2012-07-18.
  5. "TRADE AND DEVELOPMENT BANK OF MONGOLIA LLC" (PDF). KPMG Samjong Accounting Corp. Retrieved 2012-07-18.
  6. "TDB Management information". TDB English website. Retrieved 2012-06-18.
  7. "TDB Introduction". TDB English website. Retrieved 2012-06-18.
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