Trade and Development Bank of Mongolia


The Trade and Development Bank of Mongolia 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 50 branches throughout the country.
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.