TRADE AND DEVELOPMENT BANK LLC
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
TDB was established in 1990 and is one of the oldest and largest banks in Mongolia. Although primarily a corporate bank, TDB offers a full range of services, including SME and retail lending, deposit-taking, trade finance, remittance, cash management, treasury, foreign exchange and investment banking. TDB has a market-leading position in the handling of international trade finance and remittance, with access to credit lines from major international lenders and correspondent banking relationships with over 150 international financial institutions. TDB operates a network of 44 branches, of which 32 in Ulaanbaatar, 11 in other industrial cities and 1 near the Oyu Tolgoi mining project. TDB serves approximately 750 Mongolian businesses in almost every sector. In 2006 TDB became the first commercial bank in Mongolia to be rated by Moody's Investors Service. In 2007 TDB was the first Mongolian bank to successfully complete a public placement of debt in the international capital markets.
What is our funding objective?
To support the further growth of TDB, FMO and ING arranged an US$82 mln syndicated transaction involving development finance institutions and commercial banks from emerging and developed markets.
Why do we fund this investment?
As a financial institution, TDB plays an important role in developing the Mongolian private sector. TDB provides financial services to national and international businesses, playing an essential role in unlocking the strong economic potential of Mongolia. TDB is also a front-runner in environmental and social risk management in the Mongolian banking sector.
- Website customer/investment
- http://www.tdbm.mn
- Region
- Asia
- Country
- Mongolia
- Sector
- Financial Institutions
- Effective date
- 9/16/2013
- End date
- 9/17/2018
- Total FMO financing
- USD 25.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A