Trade and Development bank of Mongolia (TDB) was established in October 1990 and over past decade has become a leading banking and financial services provider in Mongolia. From the establishment, TDB has been developing itself rapidly and has established 3 subsidiary companies under “TDB Capital”, “TDB Media” and “TDB Leasing”.
TDB Capital, formed in 2008, TDB’s wholly owned subsidiary and its investment banking arms, is Mongolia’s first investment bank providing corporate finance, research and advisory, securities brokerage and asset management services. TDB Capital provides access to world’s capital markets for its institutional, corporate and high net worth individual clients.
In order to expand its investment banking business TDB, the oldest and one of the largest banks in Mongolia, transformed its International and Investment Banking Department into newly established TDB Capital Investment Bank in December 2010. TDB acts as a primary lender to most of Mongolian leading corporations and provides banking services to foreign corporations and representative offices across all major industrial and commercial sectors. TDB’s strategy is constant innovation of the range of universal banking products and services delivered with dynamism and excellence in service and quality.
TDB plans to leverage its human and capital resources, expertise and knowledge of the local markets, relationships with international banks in introducing Mongolia to international markets. TDB Capital aims to meet the clients’ specific requirements with tailored investment solutions using its intelligence and market insight. TDB Capital, since its inception, has started working on several landmark projects.
In 2011, TDB Capital is regulated and licensed by the Financial Regulatory Commission of Mongolia to act as an underwriter, broker and other investment banking service provider that shall be done on behalf of the customer upon its order.
TDB Capital has the only bank in Mongolia, which has a seat on the Mongolian Stock Exchange that enables it to trade in capital market.
First international broadcast news organization to report from and on Mongolia
Ulaanbaatar, October 8, 2012 – TDB, in partnership with Bloomberg Television, announced the official launch of Bloomberg TV Mongolia. The launch of Bloomberg TV Mongolia signifies the introduction of the first international broadcast news organization in Mongolia, one of the fastest-growing stock markets and investing environments in Asia today.
Over the last year, Bloomberg has trained over 30 local journalists who are now working at BTV Mongolia, and built a state-of-the-art high definition television studio in the heart of downtown Ulaanbaatar. Bloomberg TV Mongolia will deliver international, market-moving business and financial news to the local community, and insightful coverage of Mongolia to the rest of the world, providing a unique edge for viewers.
“We are honored to be a part of this exciting launch, and to be able to offer our experience and expertise in broadcast journalism to an important region,” said Parry Ravindranathan, Head of Bloomberg Television for Asia-Pacific. “Our partnership with The Trade & Development Bank of Mongolia is part of our momentum in establishing strategic long-term partnerships in Asia which we believe will enhance market transparency in local markets.”
“With the economic growth of Mongolia, decision makers and business leaders here have an increasing need for market-moving, accurate and international business and financial news. Likewise, global audiences are becoming ever more intrigued by what is happening in Mongolia,” said Randolph Koppa, President of TDB. “Bloomberg TV Mongolia will be a valuable and indispensable education source for the business community. As Mongolia’s first bank, TDB has a long-term interest in educating the local population about important business and economic news.”
With Executive Producer Todd Baer at the helm, Bloomberg TV Mongolia launches on October 8 with its flagship evening newscast ‘Money Flow,’ followed by its prime-time interview program ‘Talk to Bloomberg TV Mongolia.’ The weekly program includes five hours of locally produced content, combined with simultaneous and taped translated Bloomberg content. Weekend programming schedule includes 12 hours of taped translated Bloomberg programs, supplemented by Bloomberg TV’s pan-Asian feed. Bloomberg TV Mongolia will be available on all of Mongolia’s major cable providers.
A subsidiary company of Japanese Sumitomo Mitsui Banking Corporation, MG Leasing Corporation and TDB Capital, a subsidiary company of Trade and Development Bank of Mongolia have established a Corporate Alliance Agreement to launch a new company under TDB Leasing on June 11, 2013.
Following the ceremony, MG Leasing Corporation President Sonobe said “We are happy to have an opportunity to share our experience on financial services including leasing and installment payments with TDB. We believe the newly established TDB Leasing Company would contribute greatly to the demand of Mongolia’s growing financial leasing service”.
On the other hand, TDB CEO B.Medree noted, “We are forming the TDB Leasing Company on the grounds of long term of reliable cooperation with the BG Leasing Corporation. Most mining machinery and supplies are imported from Japan, hence a trusted company to provide with financial leasing services is the most needed today”.