Type Public Founded 8 March 1990 | Website tdbm.mn | |
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Products Credit cards, consumer banking, corporate banking, finance and insurance, investment banking Net income ₮ 139.3 billion ($ 706.0 million) (2013) Total assets ₮ 5.1 trillion ($ 2.6 billion) (2013) Key people Randolph Koppa, (President); B.Medree, (CEO) Parent organization Globull Investment and Development SCA | ||
Trade and development bank of mongolia tvc english
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. It was founded in October 1990 and currently has a total of 45 branches throughout the country.
Contents
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.
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.
The direct parent company of TDB is Global Investment and Development SCA, which owns 65.83% of TDB and is incorporated in Luxembourg. In January 2012, Goldman Sachs gained possession of 4.8 % of TDB.
Honourable Mentions
On January 20, 2010, TDB and its employees donated MNT 50 million to the Mongolian National Emergency Management Agency (NEMA) to help rural families during the Zud weather emergency.