KORYO CREDIT DEVELOPMENT BANK, YANGGAKDO INTERNATIONAL HOTEL, PYONGYANG, North Korea
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| BIC Name / Bank name / Institution Name | KORYO CREDIT DEVELOPMENT BANK |
| Bank Code / Institution Code | KGCB |
| Country | NORTH KOREA |
| Country Code (ISO 3166) | KP |
| City | PYONGYANG |
| City Code | PY The City Code are Institution Specific, different BIC has allotted different City Code for same city. |
| Office Type | Primary Office / Head Office / Main Office |
| Branch Code | XXX |
| Swift Code / BIC Code |
KGCBKPPY
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| Swift Code / BIC Code 11 Characters | KGCBKPPYXXX Note:If Swift Code is of 8 Characters then suffix XXX for branch code in the Swift Code. |
| Address | YANGGAKDO INTERNATIONAL HOTEL |
| Zip Code / Postal Code | |
| Note: Before Transferring payment to the Bank Branch, confirm from the payment receiver, if the Bank Branch is Active | |
| View Location on Google Map | |
| Whether Financial Institution IBAN Compliant | No, KORYO CREDIT DEVELOPMENT BANK is not IBAN Compliant. |
| Save on International Payment Transfers | |
What is a SWIFT Code / BIC code?
Business Identifier Codes (BIC) has been developed by Society for Worldwide Interbank Financial Telecommunication (SWIFT) to identify banks and financial institutions globally. That is why BIC Codes are also known as SWIFT Codes.SWIFT Codes / BIC Codes are used for transferring money between banks of different countries or SEPA payments. Banks also use these codes for exchanging financial messages.
SWIFT Code / BIC Code is formed of 8 or 11 characters in following system:
- First four characters in the SWIFT Code / BIC Code from left depicts bank code. In the case of KORYO CREDIT DEVELOPMENT BANK the first four characters from left KGCB indicates that it is KORYO CREDIT DEVELOPMENT BANK.
- Characters 5-6 from left in the SWIFT Code / BIC Code, depicts Country code of the bank. In the case of KORYO CREDIT DEVELOPMENT BANK characters 5 and 6 from left KP indicates that bank is in NORTH KOREA. It means that all the banks located in NORTH KOREA will have KP at 5th and 6th place from left in their Swift Codes / BIC Codes.
- Characters 7-8 from left in the SWIFT Code / BIC Code, depicts City Code of the Bank. In the case of KORYO CREDIT DEVELOPMENT BANK characters 7 and 8 from left PY indicates that bank is in PYONGYANG. It means that all the branches of KORYO CREDIT DEVELOPMENT BANK located in PYONGYANG will have PY at 7th and 8th place from left in their Swift Codes / BIC Codes.
- Characters 9-11 from left in the SWIFT Code / BIC Code, depicts Branch Code of the Bank.In the case of KORYO CREDIT DEVELOPMENT BANK the length of SWIFT Code is 8 Characters, means KORYO CREDIT DEVELOPMENT BANK Head Office of the Financial Institution.
- Many Banks has taken only one SWIFT Code per country or have one SWIFT Code per city, for processing International Payments of all the Branches of the country / city through SWIFT enabled branch. So, if your Bank Branch is not depicting in the list, contact your Bank Branch for the SWIFT Code transactions.