The UB Post

TDB TO ENTER NEW STAGE OF COOPERATIO­N WITH AGRICULTUR­AL BANK OF CHINA

- By B.DASHDULAM

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.

 ??  ?? Representa­tives from the Agricultur­al Bank of China and the Trade and Developmen­t Bank of Mongolia
Representa­tives from the Agricultur­al Bank of China and the Trade and Developmen­t Bank of Mongolia

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