Trade and Development Bank of Mongolia

Name

Trade and Development Bank of Mongolia

Legal name

Trade and Development Bank of Mongolia (Худалдаа Хөгжлийн Банк)

Website

https://tdbm.mn

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

Pre-Export & Export Finance (Working Capital, Packing Credit) (FSABAHAG)

akta.pro secondary industries

Trade & Invoice Payments (Cross-Border B2B) (FSAMAIAL), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC), Trade Finance, Export Credit & Risk Mitigation (BPADAMAG)

Keywords

• Retail banking services
• Corporate banking services
• International money transfers
• Commercial lending products
• Digital payment solutions

Headquarters

HQ city

Ulaanbaatar

HQ country

Mongolia

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Primary revenue from lending activities including consumer loans (salary loans, e-loans, green loans, pension loans), mortgage loans (6% mortgage, private housing), car loans, business loans, and project loans. Income statement shows 381.9 billion MNT interest income in Q1 2026 and 1.44 trillion MNT in 2025.
2. Non-Interest Income: Fee and commission income from payment services, card operations, international transfers (MoneyGram, SWIFT, PayEasy), trade finance services, and account management fees. Q1 2026 non-interest income was 41.3 billion MNT from fees and commissions.
3. Trading and Foreign Exchange: Income from currency exchange, securities trading, and foreign exchange translation gains/losses. Q1 2026 shows 30.3 billion MNT in FX translation gains.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Trade and Development Bank of Mongolia is a full-service commercial bank offering deposit accounts, consumer and corporate loans, payment cards, trade finance, international remittances, and digital banking to retail, SME, and corporate customers across Mongolia with cross-border services for Mongolian nationals in South Korea and Japan. The bank distributes its products through an extensive domestic branch and ATM network, online and mobile banking platforms, and partnerships with global remittance and card networks.

Product overview

Trade and Development Bank of Mongolia (TDBM) operates as a full-service commercial bank offering an integrated platform of retail, corporate, and digital banking services across Mongolia with an international presence through its Tokyo Representative Office. The product portfolio spans traditional banking including various deposit accounts (term deposits in multiple variants, demand deposits, pension accounts, children's savings), current accounts in 17 currencies, and comprehensive lending products (consumer loans, mortgages with a 6% program, automotive loans, and business/commercial loans). Payment infrastructure includes extensive ATM networks, POS terminals, and digital banking via TDB Online and TDB Pay mobile app. International remittance services feature MoneyGram, SWIFT transfers, Pay Easy (partnered with KEB HANA Bank for Korea-Mongolia corridor), Visa Direct P2P, and QBC. The bank offers Visa and credit cards (Golden, Lady, Platinum tiers) plus merchant services including WeChat Pay and QPay integrations. Corporate services include trade finance (letters of guarantee, factoring, letters of credit) and project financing. Bundle products (Happy Family, Platinum, Salary, Einstein) package multiple services for specific customer segments.

Differentiator

Problem solved

Functional benefit

Brands

• TDB Pay: Mobile banking application for online payments and fund transfers
• Happy Pay
• Pay Easy
• Happy Family
• Platinum Bundle
• Einstein Bundle

Products and services

• TDB Online (Online Banking) Internet banking platform enabling retail and corporate customers to access accounts, transfer funds, pay bills, and manage finances remotely 24/7.
• TDB Pay Mobile payment application for contactless transactions and digital wallet services for retail and merchant customers.
• ATM Services Automated teller machine network providing cash withdrawals, deposits, transfers, and account inquiries across Mongolia.
• MoneyGram International Transfer International money transfer service enabling fast transfers to over 200 countries with 350,000+ service points, completing transactions within 10 minutes.
• Pay Easy (PayEasy) Remittance service for Mongolians in South Korea, partnered with KEB HANA Bank, allowing transfers up to 10,000 USD per transaction with preferential exchange rates.
• SWIFT International Transfer Global wire transfer service via SWIFT network for international payments in multiple currencies.
• Visa Direct P2P Peer-to-peer payment service enabling card-based money transfers between individuals.
• QBC (Quick Business Connect) Quick business payment and settlement service for corporate customers.
• Recurring Payment Service Automated recurring payment service for scheduled transfers including loan payments, utility bills, rent, and savings contributions.
• Sweep Transfer Service Income consolidation service that automatically sweeps excess funds into a designated account based on scheduled intervals.
• Term Deposit (Хугацаатай хадгаламж) Time deposit accounts including standard, compound interest, pension, prepaid interest, and children's savings variants.
• Demand Deposit (Хугацаагүй хадгаламж) Instant access savings account without fixed term, providing flexibility for everyday banking needs.
• Current Account (Харилцах данс) Transaction account available in 17 different currencies for daily banking operations.
• Escrow Account (Эскроу данс) Trust account held by third party for secure transactions, commonly used in real estate and business deals.
• Consumer Loan (Хэрэглээний зээл) Personal loans including salary loans, consumer e-loans, easy loans, green loans, pension loans, and savings-collateralized loans.
• Mortgage Loan (Орон сууцны зээл) Housing finance including 6% mortgage program, parking loans, green private housing loans, and home renovation loans.
• Car Loan (Автомашины зээл) Automotive financing for new vehicles, used cars, and electric vehicles.
• Business Loan (Бизнесийн зээл) Commercial lending including micro business loans, POS income-secured loans, equipment loans, commercial mortgages, and women entrepreneurship support loans.
• Debit Card International debit cards for global usage, domestic cards for local transactions, virtual cards for online purchases, gift cards, and co-branded cards.
• Credit Card Credit cards including Golden (Altan), Lady (Ladei), Platinum, and deposit-pledged variants with various reward programs.
• POS Merchant Services Point-of-sale terminal services and merchant portal for retail businesses to accept card payments.
• E-Merchant Online payment acceptance solution for e-commerce businesses.
• WeChat Pay Merchant WeChat Pay integration for merchants to accept payments from Chinese customers.
• QPay Merchant QPay mobile payment integration for local merchant services.
• Trade Finance Services Trade finance including letters of guarantee, factoring, transportation finance, letters of credit, export LC-secured loans, loans for exporters, and collection services.
• Project Loan Project financing including JICA two-step loans, credit guarantee fund secured loans, and green business loans.
• Message Banking SMS-based banking notification and alert service for account updates.
• E-Billing Electronic billing service for receiving and paying digital invoices.
• Deposit Box (Хадгаламжийн хайрцаг) Safe deposit box rental service for secure storage of valuables and important documents.
• Certificate of Deposit Negotiable deposit certificates providing proof of time deposits with competitive interest rates.
• Insurance Services Insurance products and coverage offered through bank distribution channels.
• Correspondent Banking Banking relationships with correspondent banks worldwide for international transaction settlement.

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Woori Bank (South Korea)minorStrategic or Co-development Partner · 10 June 2026Partnership signed MOU to offer integrated financial services for Mongolian nationals preparing to relocate to Korea. TDB will introduce customers to Woori Bank's overseas remittance services and KT's mobile network, while Woori Bank will provide remittance accounts, preferential exchange rates, and reduced fees after arrival.
• KT Corporation (South Korea)minorGTM or Marketing Partner · 10 June 2026Telecommunications partner in trilateral partnership with TDB and Woori Bank to provide integrated services for Mongolian nationals in Korea, including mobile network services with preferential terms.
• WHO MongoliaminorGTM or Marketing Partner · 1 January 2025Health partnership collaboration delivering public health messages to over 220,000 people through TDB branch screens and digital platforms. Part of WHO's shift toward multi-sector engagement to extend health information reach.
• KEB Hana Bank (South Korea)coreStrategic or Co-development Partner · 1 January 2009Partnership to offer PayEasy service enabling Mongolians working and studying in South Korea to transfer money to Mongolia. Customers can open accounts at KEB Hana Bank and transfer funds to TDB accounts. Service launched in 2009 with single transfer limit of 10,000 USD and annual limit of 50,000 USD, with lowest fees of 4,500 WON per transaction.
• Oyu TolgoicoreStrategic or Co-development PartnerSpecialized loan and revolving credit line products for Oyu Tolgoi mine suppliers, supporting the mining sector supply chain financing needs.
• PayOne Company (South Korea)minorChannel Partner/ Reseller/ DistributorLocal partner in South Korea supporting PayEasy service with Mongolian-speaking staff available at branches for Mongolians needing assistance with account opening and service registration.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Khan Bank: Largest commercial bank in Mongolia offering retail, corporate, and SME banking with extensive branch network. Most direct domestic competitor to TDBM across deposits, lending, and digital banking.
• Golomt Bank: Top-tier Mongolian commercial bank providing full-service retail and corporate banking including trade finance and international remittances. Comparable scale and product breadth to TDBM.
• XacBank: Mongolian commercial bank with strong focus on SME lending and international remittance corridors (notably Korea). Closely comparable customer segments and product mix to TDBM.
• Bogd Bank: Mongolian commercial bank serving retail and corporate clients with traditional and digital banking services. Comparable mid-tier domestic peer in the Mongolian banking market.
• Khas Bank: Smaller Mongolian commercial bank offering deposits, lending, and payment services. Comparable product set though smaller scale than TDBM.
• Development Bank of Mongolia: State-owned development bank providing project and trade finance in Mongolia. Overlaps with TDBM's corporate/project lending book, particularly in mining and infrastructure.
• Capitron Bank: Mongolian universal bank offering retail and corporate banking, trade finance, and digital channels. Another mid-tier domestic peer competing for similar corporate and SME customers.

Regional players

• Woori Bank: South Korean commercial bank and TDBM partner under the 2026 MOU for serving Mongolians in Korea. Comparable cross-border remittance and trade-finance activity in the Korea-Mongolia corridor.
• KEB Hana Bank: South Korean bank operating the PayEasy corridor with TDBM since 2009. Directly comparable remittance and FX franchise connecting Korean-based Mongolians to Mongolian accounts.

Broad incumbents

• Standard Chartered: Global bank with established Mongolia presence providing trade and project finance to Mongolian corporates. Competes with TDBM for large-ticket cross-border banking and trade finance mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/tdbmongolia
• YouTubeyoutube.com/@TDBankMongolia
• Facebookfacebook.com/tdbm.mn
• LinkedInlinkedin.com/company/tdb-mongolia

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trade and Development Bank of Mongolia