Korea Development Bank (KDB Bank, SWIFT: KODBKRSE) is a wholly state-owned policy development bank in South Korea. It was founded in 1954 in accordance with The Korea Development Bank Act to finance and manage major industrial projects to expedite industrial development of Korea.[1] As a 61st biggest global bank (The Banker Top 1000 World Bank List in 2018), KDB Bank has not only fostered the growth of strategic industries but also facilitates the turnaround of troubled companies through restructuring and provides capital for strategic development projects. Since 2000, it has diversified into investment banking services and operates as a CIB (Commercial and Investment Bank). Nevertheless, it is a major restructuring player and has saved a lot of big companies during major financial crisis, especially in 1997 Asian financial crisis and Financial crisis of 2007–2008.
Native name | 한국산업은행 |
---|---|
Industry | Banking |
Founded | 1954 |
Headquarters | Seoul, Republic of Korea (South Korea) |
Number of locations | 69 domestic, 22 international |
Products | Financial services |
Services | Corporate banking Investment banking |
Revenue | US$3.2b (2018) |
US$0.6b (2018) | |
Total assets | US$233.9b (2018) |
Owner | Republic of Korea government (100%) |
Number of employees | ~3,200 (as of Dec 2018) |
Rating | Aa2 (Moody's, 2018), AA (S&P, 2018), AA− (Fitch, 2018) |
Website | kdb |
Domestic Branch : 69 locations in South Korea
International Subsidiary (5) : China (Hong Kong), Hungary (Budapest), Uzbekistan (Tashkent), Brazil (São Paulo), Ireland (Dublin)
International Branch (9) : USA (New York), U.K. (London), Singapore (Singapore), Japan (Tokyo), China (Beijing, Shanghai, Guangzhou, Shenyang, Qingdao)
Representative Office (8) : Philippines (Manila), Vietnam (Ho Chi Minh City), Thailand (Bangkok), Australia (Sydney), Germany (Frankfurt), U.A.E. (Abu Dhabi), Russia (Moscow), China (Yangon)
The bank is fully owned by the Republic of Korea government and it shares the same credit rating.
Moody's : Aa2
S&P : AA
Fitch : AA−
KDB Bank was founded in 1954 to supply and manage major industrial capital to help develop Korean industries and the national economy. For the half century since then, KDB Bank has faithfully fulfilled its role as a government-run bank, anticipating and coping with changes in the economic and financial environment.
2010's: Development banking for the new normal
2000's: New financial policy amid market-oriented economic paradigm
1990's: Providing comprehensive corporate banking services
1980's: Sustaining long-term industrial financing
1970's: Solidifying the development of Korea
1950's: Supporting the nation's economic rehabilitation
Corporate Banking
Investment Banking
International Banking
Indirect Financing
Consulting
Consumer Banking
Trust & Pension
Year | 2018 | 2017 |
---|---|---|
Total Assets | 233,940 | 247,562 |
Total Liabilities | 203,129 | 216,059 |
Shareholder's Equity | 30,811 | 31,503 |
Net Operating Revenue | 3,241 | 3,687 |
[Net Interest Income] | 1,872 | 2,115 |
[Non-interest Income] | 1,369 | 1,572 |
Provision for credit losses | (335) | 1,287 |
Operating Income | 2,038 | 720 |
Non-operating Income | (978) | 730 |
Net Profit | 635 | 529 |
KDB Capital
KDB Infra (KDB Infrastructure Investments Asset Management)
KDB Investment