KT Bank is the first bank in Germany, which offers a wide range of financial products and services to retail and corporate customers according to the transparent principles of Islamic banking. In March 2015, KT Bank obtained a license to perform deposit-taking and lending activities.
In 2017 total assets of KT Bank AG were 193,43 mln EUR. In 2017 the bank's net income was -28,46 mln EUR.
KT Bank AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.
KT Bank AG is headquartered in Frankfurt Am Main.
The range of products offered by KT Bank AG includes time deposit accounts (0.50 - 1.35 %).
Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
Time deposit accounts made with KT Bank AG are covered by deposit guarantee scheme of Germany up to 100 000 EUR per depositor. KT Bank AG offers the following time deposit accounts.
Updated on 14 December 2018
Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
|Total Assets (2017)|
|193.43 mln EUR (+78.61%)|
In 2017 total assets of KT Bank AG were 193.43 mln EUR. Growth compared to the previous period (2016) was 78.61%. The evolution of the total assets of KT Bank AG is shown at Chart 1 below.
Chart 1. Total Assets of KT Bank AG.
|Net Income (2017)|
|-28 462 102.19 EUR (+36.57%)|
In 2017 net income of KT Bank AG was -28 462 102.19 EUR. Growth compared to the previous period (2016) was 36.57%. The evolution of the net income of KT Bank AG is shown at Chart 2 below.
Chart 2. Net Income of KT Bank AG.
|Yes (up to 100 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.
In the case of KT Bank AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Covered Accounts||all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)|
|Covered Currencies||EU currencies|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of KT Bank AG and its components are shown in the table below.
|Bank BIC Code||KTAG|
|Country Code||DE (Germany)|
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.
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.
MFI ID of KT Bank AG is shown in the table below.