Korea Development Bank (KDB) is a state-owned bank, founded in 1954 to finance and manage major industrial projects to expedite industrial development and enhance the national economy. Korea Development Bank provides products and services in corporate and investment banking as well as international banking.
In December 2023, KDB Bank Europe Ltd (Slovak Branch) notified its customers about the decision to cease operations and close the branch in the second quarter 2024. The decision to close the Slovak branch was taken as part of a geographical reassessment of activities, whereby European clients will be serviced directly from Budapest.
Deposits up to 100,000 EUR are covered by Hungarian deposit guarantee scheme in KDB Bank Europe Ltd., pobočka zahraničnej banky.
KDB Bank Europe Ltd., pobočka zahraničnej banky protects deposits up to up to 100,000 EUR per depositor through Hungary's deposit guarantee scheme. The scheme applies to current accounts, savings accounts, time deposit accounts made by natural persons (Hungarian and foreign), legal entities. The bank participates in the National Deposit Insurance Fund (NDIF), making regular contributions into it.
KDB Bank Europe Ltd., pobočka zahraničnej banky operated as a branch of KDB Bank Európa Zártkörűen Működő Részvénytársaság (Hungary).
KDB Bank Europe Ltd., pobočka zahraničnej banky was located in Bratislava.