The UB Post
TDB TO ENTER NEW STAGE OF COOPERATION WITH AGRICULTURAL BANK OF CHINA
On March 17 and 18, Trade and Development Bank ( TDB) representatives met with representatives of Agricultural Bank of China in Erenhot, Inner Mongolia Autonomous Region, to commemorate the 15th anniversary of their cooperation and the introduction of RMB clearing house services in Mongolia.
During the meeting, the sides discussed expanding cooperation, finalizing issues discussed during last September's China-Mongolia-Russia economic and trade cooperation forum, swiftly processing foreign currency remittances without the risk of exchange rate fluctuation, granting customers low interest loans, and creating other more favorable conditions for customers. The banks agreed to sign a memorandum on agreements in April 2017.
Representatives of TDB and Agricultural Bank of China organized a friendly table tennis competition to celebrate the 15th anniversary of their cooperation, the first time in Mongolian banking history for a friendly sports competition to be held with a foreign bank.
Jia Wei Dong, the Deputy Mayor of Erenhot, attended the competition and exchanged table tennis volleys with representatives of TDB.
Agricultural Bank of China was established in 1951 and has over 23,547 branches across mainland China. The bank also operates in Australia, Germany, the United States of America, and Russia, and is ranked third globally in terms of total assets owned by a bank.
Trade and Development Bank has, since its inception, established communications and worked with many respectable and reputable domestic and international banks and financial institutions. TDB maintains correspondence with over 150 banks around the world, including Bank of Tokyo-Mitsubishi UFJ Ltd, Commerzbank AG, Standard Chartered PLC, and ING N.A.