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[[Category:Banks]]
Trade and Development Bank of Mongolia (TDB) is the oldest commercial bank in Mongolia. At the end of 2007, TDB’s total assets were MNT 563.5 billion and own capital was MNT 60.4 billion. Its earnings record was MNT 16.4 billion in 2007, increasing from MNT 11.8 billion in 2006 and MNT 7.4 billion in 2005. The bank currently has a network of 19 branches throughout Mongolia and employs over 600 workers.<ref>[http://www.tdbm.mn/index.php?module=menu&sub=1&cmd=content&menu_id=183&smid=8| Trade and Development Bank. Introduction. Retrieved on 2008-07-23]</ref>

== Corporate History ==

TDB was founded in 1990 as a state-owned bank. In 1998, it became partially privatized by issuing a 24 percent stake to its employees and other private investors. In 2002, the remaining shares were sold to Globull Investment and Development Inc., which was subsequently bought by U.S. Global Investment LLC. The bank is currently entirely-owned by Mongolian shareholders.<ref>[http://www.tdbm.mn/index.php?module=menu&sub=1&cmd=content&menu_id=183&smid=8| Trade and Development Bank. Introduction. Retrieved on 2008-07-23]</ref>

As one of the three participating banks involved in the First Private Sector Development Project sponsored by the World Bank, TDB received technical assistance for its IT system renewal and for a training program on banking operations. Although the project began in 1999, it was not until after 2003, when TDB was completely privatized, that it was able to receive technical assistance. The renewal system consisted of fixing assets software compatible with and able to interface with the Bank’s as well as installing a loan module, Eximbills (a trade finance software) module, and back up servers. The project also helped finance oversea and local staff training in areas such as financial management, syndicated loans, investment projects, and business communication.<ref>[http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/03/03/000090341_20050303091825/Rendered/PDF/31419.pdf|   The World Bank. (2005-02-23). Mongolia-Private Sector Development Project Implementation Completion Report No. 31419. Retrieved on 2008-06-27.]</ref>

The Second Private Sector Development Project is continuing where the first project left off. TDB is receiving further assistance from the technical assistance program, which will focus on standardizing credit analysis and risk-processes; staff training; strengthening procedures for loan monitoring; implementing an advanced cost accounting system; strengthening risk-based internal audit procedures and techniques; and customizing the BancSystem.<ref>[http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/06/10/000090341_20050610093500/Rendered/PDF/32067a.pdf| The World Bank. (2005-06-02). Mongolia - Second Private Sector Development Credit Project Report 32067-MN. Retrieved on 2008-06-27.]</ref>

== Corporate Products ==

TDB offers approximately 60 types of international banking products. Among its focuses are corporate banking, international & investment banking, SME banking, and retail banking. At the end of December 2007, total corporate loan outstanding stood at MNT 278.8 billion, which represented 72 percent of the Bank’s total loans. Furthermore, TDB is associated with over 80 international banks and institutions, such as HSBC Bank N.A., Citibank N.A., Credit Suisse, Commerzbank AG, and Bank of Tokyo-Mitsubishi UFJ ltd. The Bank also strives to provide high-quality service to SME’s as well as retail customers, in the form of savings and checking accounts, as well as business loans and private banking services.<ref>[http://www.tdbm.mn/index.php?module=menu&sub=1&cmd=content&menu_id=183&smid=8| Trade and Development Bank. Introduction. Retrieved on 2008-07-23]</ref>

Through the First Private Sector Development Project, 10 million was made available to TDB, as well as Golomt and Zoos Banks, for on-lending to private firms established and operating in Mongolia. TDB issued a total of 12 loans averaging MNT 560 million (approximately USD 275,000) in the construction material, horticulture, foodstuff, mining, retail center, and telecom sectors.<ref>Mongolia-Private Sector Development Project Implementation Completion Report</ref>

Through the Second Private Sector Development Project, TDB will continue the line of credit component.<ref>Mongolia - Second Private Sector Development Credit Project Report</ref>

== References ==

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== External links ==
[http://www.tdbm.mn/main_en.php| Trade and Development Bank Homepage]