Bloomberg Announces Formation of Bloomberg TV Mongolia

Hong Kong — Bloomberg Media Group today announced the formation
of Bloomberg TV Mongolia, a new Bloomberg Television channel in
partnership with The Trade & Development Bank of Mongolia (TDB),
the oldest and one of the largest banks in Mongolia. Bloomberg
TV Mongolia, scheduled to launch in March 2012, targets a fast-
developing region in Asia, with one of the best-performing stock
markets in the region and an economy driven by growth in
commodities and exports to China.

“Bloomberg TV Mongolia is the first business and financial news
network targeted at this rising new market in Asia,” said Gary
Groenheim, Commercial Director of Bloomberg Television, Asia-
Pacific. “We’re pleased to partner with TDB to offer the local
population better access to international business news, as well
as serve business travelers as Mongolia continues to play a
greater role in global trade and exports to China.”

“Mongolia is a booming and developing economy. Bloomberg TV
Mongolia will target the political decision makers and business
leaders of Mongolia with essential and accurate news, data and
analytics. As all Mongolians now own shares in the Tavan Tolgoi
Mining Project, the channel will be a valuable new education
source.” said Randolph Koppa, President of TDB. “Today, TDB
introduces a new era of media to Mongolia. With its partner,
Bloomberg Media Group, TDB will present a powerful combination
of expertise and knowledge of the local economy with global
business and financial insight.”

Bloomberg TV Mongolia will offer a mix of locally produced,
local language content as well as English language news from
Bloomberg Television, the 24-hour global business and economic
news network available in over 270 million homes worldwide. The
network will be headquartered in Ulan Bator.

The only truly global business news network with hubs in New
York, London and Hong Kong, Bloomberg Television covers business
and financial news, markets and economic events worldwide.
Trade & Development Bank of Mongolia is a leading bank in the
country and the oldest commercial bank in Mongolia, established
in 1990 and fully privatized in 2002.

About Bloomberg
Bloomberg, the global business and financial information and
news leader, gives influential decision makers a critical edge
by connecting them to a dynamic network of information, people
and ideas. The company’s strength – delivering data, news and
analytics through innovative technology, quickly and accurately
– is at the core of the Bloomberg Professional service, which
provides real time financial information to more than 310,000
subscribers globally. Bloomberg’s enterprise solutions build on
the company’s core strength, leveraging technology to allow
customers to access, integrate, distribute and manage data and
information across organizations more efficiently and
effectively. Through Bloomberg Law, Bloomberg Government, BNA
and Bloomberg New Energy Finance, the company provides data,
news and analytics to decision makers in industries beyond
finance. And Bloomberg News, delivered through the Bloomberg
Professional service, television, radio, mobile, the Internet
and two magazines, Bloomberg Businessweek and Bloomberg Markets,
covers the world with more than 2,300 news and multimedia
professionals at 146 bureaus in 72 countries. Headquartered in
New York, Bloomberg employs more than 15,000 people in 192
locations around the world.

About Trade & Development Bank of Mongolia
TDB, with its leading position in universal banking, offers a
full range of services, including large corporate, SME and
retail lending and acts as a primary lender to most of the
country’s leading corporations. The Bank has consolidated its
market-leading position in the handling of international trade
finance and remittance, with access to credit lines from major
international lenders and correspondent banking relationships
with over 150 international financial institutions. TDB offers
over 100 types of international standard banking products and
has about 1000 highly qualified staff providing personal
attention and user friendly banking services through a network
of 43 branches and settlement centers. TDB is undoubtedly the
major player in the financial and banking markets as well as a
major innovator of the Mongolian financial sector. In 2004, TDB
was the first bank in the country to receive the investment from
the Asian Development Bank (ADB) and International Finance
Corporation (IFC). In 2006 TDB became the first commercial bank
in Mongolia rated by Moody’s Investors Service. The Bank
continuously increases its income figures and asset size.

Contact for Bloomberg:

Amanda Cowie, +1 212-617-1689, acowie@bloomberg.net