Since its establishment in 2004, BID NBFI, has been making a meaningful impact by increasing financial inclusion for individuals and SME businesses that typically struggle to secure financial support. Over the last 19 years, we have artfully crafted a legacy of success, swiftly showcasing top-tier professional services and products attuned to customer needs, while consistently enhancing and culminating in an exemplar of financial services.
Guided by the motto "Let's grind values through development," for 2023, BID NBFI is fervently driving a more impactful presence in the financial market by expanding our product and service sufficiency, exemplified by the introduction of environmentally conscious Green and Eco Loan products that seamlessly blend ecological sustainability with unwavering legitimacy, amplifying our influence across 17 branches spanning Ulaanbaatar, Darkhan, Erdenet, and Murun, and supported by over 100 skilled professionals.
The economy has been negatively affected by the country's crackdown, the global Covid-19 pandemic, and the strengthening US dollar, all contributing to a continuous rise in inflation rates. Amidst the Bank of Mongolia raised policy interest rate, which has led to financial strain causing banks and institutions to tighten lending, we are proactively collaborating by providing valuable supplementary credit to customers, offering loan payment deferrals and interest deferments in agreement, and devising innovative repayment schedules to effectively navigate and alleviate financial challenges.
BID NBFI holds a reputable "B+" Social rating from Microfinanza Rating LLC, acknowledged internationally from Italy. Moreover, our collaboration with financial firms and investment funds in Nederland, Germany, Belgium, Grand Duchy of Luxembourg, along with the secured funding, reflects our recognition by global financial institutions, especially significant during these challenging economic times.
Expressing our gratitude to the clients, partners and employees of BID NBFI for their essential contributions and collaboration.
“WE ARE THE UNION OF THE RIGHT MIND”