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“KDB Bank Uzbekistan” started its business by integrating UzKDB Bank and RBS Bank Uzbekistan on 25th March 2013

KDB Bank’s capital and asset size increased to UZS 137 billion and UZS 1,966 billion respectively, which will make it possible for the bank to serve its clients with improved capital base and products.

The largest shareholder (86.4%) of KDB Uz is KDB Bank, which the “Banker” magazine (publication owned by The Financial Times) ranked as the first in Korea and the 71st in the world in terms of equity capital.

KDB Uz currently has a large branch in Yunusabad district of Tashkent (Yunusabad branch, former RBS Bank Uzbekistan CJSC), a branch-office in Yakkasaray district of Tashkent and a mini-bank in Mirabad district.

The Chairman of the KDB Uz and bank management pledged to develop the Bank continuously with the goal of becoming one of leading banks in Uzbekistan by introducing international practice together with all the staff of the Bank and expressed sincere gratitude to valued clients and Uzbekistan authorities.

Korean Development Bank (KDB), which is wholly owned by the Korean government was established in 1954 and is engaged in corporate and investment banking, international banking, as well as sectors of the corporate restructuring and consulting. In order to implement the main business activity, KDB provides loans for purchase of equipment for basic industries, issues loans from a revolving fund for certain companies, joins the subscription, invests in shares of large industrial projects, guarantees certain payment obligations of the main industries, carries out foreign exchange operations and other related activities as nationally and abroad.

KDB is recognized as the international financial institution by the international credit rating agencies. Moody’s Investors Service, Inc., Standard and Poor’s Ratings Services, and Fitch, Inc. recently awarded the KDB credit ratings of Aa3, A and AA-, respectively. As for the financial performance of KDB, at the end of 2012 total assets amounted to U$155.69 billion. Net Profit in 2012 totaled U$885 million. KDB also has good asset quality and capital adequacy: the coefficient of non-performing loans (NPL) – 1.60%, coefficient of BIS – 15.00%.

KDB has 74 local offices and businesses and their 5 overseas subsidiaries (one of them is KDB Uz), 8 overseas branches of the bank and 5 overseas offices around the world. The Subsidiary bank, KDB Uz successfully works in the financial market of Uzbekistan since 2006 as the initial investment of KDB to the country’s banking sector.

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