The Korea Development Bank - London Branch (formerly The Korea Development Bank)

Registration Name  The Korea Development Bank - London Branch
Location  United Kingdom, London

Bank Identifiers 
    MFI ID  GB2570
Bank Category  Branches of foreign banks
Headquarters  The Korea Development Bank (Korea, Republic of)
Credit Ratings (July 2014) 
    Fitch  - (not rated)
    Moody's  Aa3 (high grade)
    S&P's  - (not rated)
Deposit Guarantee  Yes (up to 85 000 GBP per depositor)
European Presence  3 banks in 3 countries

The Korea Development Bank - London Branch is located at United Kingdom, London. It is one of 361 credit institutions operating in United Kingdom.

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

MFI ID  GB2570

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, The Korea Development Bank - London Branch is rated by Moody's.

Credit ratings assigned to The Korea Development Bank - London Branch as of July 2014 are shown in details in the following sections.

Moody's

Long-term rating is for The Korea Development Bank - London Branch it is set to Aa3 (high grade). Long-term bank deposit rating is not assigned. Bank financial strength rating is not set. Short-term rating is not assigned.

Long-Term Rating  Aa3
Long-Term Bank Deposit Rating  -
Bank Financial Strength Rating  -
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of The Korea Development Bank - London Branch is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in United Kingdom are obliged to participate in British deposit guarantee scheme.

In the case of The Korea Development Bank - London Branch failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, small companies
Maximum Protected Amount  85 000 GBP
Paid In Currency  GBP

Further Information: Deposit Guarantee Scheme in United Kingdom

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  No
Exempt from MRR by ECB  No

Contact Information


Primary Address  EC2M 3XD, London, 99 Bishopsgate

European Presence

This bank operates in the following European countries and selected dependent territories of the European countries:

Hungary

Slovakia

United Kingdom

  •  (this bank) The Korea Development Bank - London Branch (London)

Related Information on United Kingdom

Economy and Banking Sector of United Kingdom

List of Banks in United Kingdom