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
Trade and Development Bank (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 and trade finance. TDB is the market leader in trade finance in Mongolia and operates a network of 60 branches.
What is our funding objective?
To fund the trade finance activities of TDB under the Asian Development Bank Trade Finance Program.
Why do we fund this investment?
To fund the trade finance activities of the bank and tailor our facility to the increasing trade finance demand from the client.
More investments
| Date | Total FMO financing |
|---|---|
| 5/31/2016 | USD 10.00 MLN |
| 5/31/2016 | USD 10.00 MLN |
- Website customer/investment
- http://www.tdbm.mn
- Region
- Asia
- Country
- Mongolia
- Sector
- Financial Institutions
- Effective date
- 6/2/2016
- End date
- 5/7/2019
- Total FMO financing
- USD 10.00 MLN
- Funding
- FMO NV
-
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