The Trade and Development Bank of Mongolia (TDB) expands partnerships at SIBOS 2025, highlighting Mongolia’s growing presence in international finance. The bank showcased its capabilities in global banking services and signed a strategic agreement to boost trade finance.
TDB participated in SIBOS 2025, the annual global financial services conference, held this year in Frankfurt, Germany. The event brings together banks, fintech companies, and financial regulators from around the world to share expertise and explore collaboration.
During the conference, TDB signed a Memorandum of Understanding with Aktif Bank of Türkiye. This agreement strengthens trade finance cooperation and expands opportunities for cross-border transactions in the region. Under the MoU, TDB will facilitate letters of credit, guarantees, and trade finance loans for clients engaging with Türkiye and neighboring countries, including Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, and Uzbekistan.
TDB has established a leading position in outbound payments from Mongolia to Türkiye, holding more than 50 percent of the market. This dominance demonstrates the bank’s strong infrastructure and expertise in supporting international transactions. By expanding its partnerships, TDB aims to further enhance client services and deepen Mongolia’s integration into global trade networks.
Officials emphasized that the collaboration with Aktif Bank will create more efficient payment channels and provide competitive financing solutions. They highlighted that the agreement reflects Mongolia’s commitment to fostering stronger economic and financial ties with regional partners.
Financial analysts noted that TDB’s participation at SIBOS 2025 strengthens its visibility in the international banking community. The bank can leverage these connections to adopt global best practices and promote Mongolia as a reliable financial hub.
Looking ahead, TDB plans to expand trade finance products, enhance technological capabilities, and explore further partnerships across Eurasia. The bank also intends to provide tailored services to exporters and importers, supporting regional economic growth.
By showcasing its expertise and signing key agreements, TDB expands partnerships to boost Mongolia’s global financial integration. This move underscores the bank’s strategic focus on growth, collaboration, and trade facilitation.
