TDB RECEIVES “BEST COMMERCIAL BANK” AWARD

Ulaanbaatar /MONTSAME/ Trade Development Bank of Mongolia received the “Best Commercial Bank in Mongolia” award from the "Finance Asia" magazine last week. This magazine, a provider of the most reliable professional information on finance in Asia, awards outstanding financial organizations every year. This time, according to the magazine’s website, the Trade and Development Bank showed the highest growth and best financial performance in Mongolia, as it covers 40 percent of the banking sector profits of the country. Moreover, the TDB was the first in Mongolia to issue bonds, and has the “Most highly-qualified assets”. The award was given to B.Medree, the executive director of the bank. “Our bank has received this award for its constant growth in the recent years. The banking sector in Mongolia is the fastest developing in the country," he said. The awards of Finance Asia magazine is recognized on a global level, as it takes recognition, prestige, operational sphere, financial performance and other capacities of banks, into their account during the selection process.