Korea Development Bank Europe
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Korea Development Bank Europe Details
KDB Bank Europe Ltd. is a subsidiary of and 100% owned by South-Korean KDB Bank. The Bank is supported by one of the most powerful Asian financial Groups, KDB Group through its parent company.KDB Europe provides full-scale commercial banking services to corporate and individual clients. History of KDB Bank Europe: The Bank is present on the Hungarian market of financial services since 1989 In 1991, a Korean-Hungarian joint venture has been established under the name MHB-Daewoo Bank. The institution provided commercial banking services. Since 1997, after obtaining a full license, it offered full-scale of commercial banking services. In 2002, Korea Development Bank took over the bank and by a name change KDB Bank (Hungary) Ltd.'s history has begun. In 2012, by incessive overcoming the negative effects of the financial and economic crisis, KDB Europe' performance and daily operation are not only stable but its figures show significant growth Based on its profitability, the Hungarian subsidiary is ranked 2nd after the Shanghai Branch Among the 12 overseas KDB Centers KDB Europe is In 2012, the Hungarian network operates 9 branches with prospect of further expansion In 2013 the Bank undergoes a name change to KDB Bank Europe: according to the network-broadening vision of KDB, KDB Europe will lead the expansion in Central-Eastern European region; as its first steps, the Bank will coordinate a branch opening in Slovakia.
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