diff --git a/ChangeLog.d/cmake_fix_dll_install.txt b/ChangeLog.d/cmake_fix_dll_install.txt
new file mode 100644
index 0000000000..df51c650bb
--- /dev/null
+++ b/ChangeLog.d/cmake_fix_dll_install.txt
@@ -0,0 +1,3 @@
+Changes
+   * cmake: Fix runtime library install location in mingw
+     This install DLLs in bin directory instead of lib.
diff --git a/library/CMakeLists.txt b/library/CMakeLists.txt
index d8d28408f2..a726e11fff 100644
--- a/library/CMakeLists.txt
+++ b/library/CMakeLists.txt
@@ -291,7 +291,9 @@ foreach(target IN LISTS target_libraries)
     install(
         TARGETS ${target}
         EXPORT MbedTLSTargets
-        DESTINATION ${CMAKE_INSTALL_LIBDIR}
+        ARCHIVE DESTINATION ${CMAKE_INSTALL_LIBDIR}
+        LIBRARY DESTINATION ${CMAKE_INSTALL_LIBDIR}
+        RUNTIME DESTINATION ${CMAKE_INSTALL_BINDIR}
         PERMISSIONS OWNER_READ OWNER_WRITE GROUP_READ WORLD_READ)
 endforeach(target)