SWIFT/BIC code FTBDKPP1KBC
FTBDKPP1KBC belongs to Foreign Trade Bank of The D.p.r. of Korea in Pyongyang, North Korea.
Code details
| SWIFT/BIC code | FTBDKPP1KBC |
|---|---|
| 8-character code | FTBDKPP1 |
| Branch code | KBC |
| Bank | Foreign Trade Bank of The D.p.r. of Korea |
| Branch | — |
| City | Pyongyang |
| Country | North Korea |
The way the Foreign Trade Bank of The D.p.r. of Korea SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- FTBD Bank code
- 4 letters that identify the bank.
- KP Country code
- 2 letters for the country (ISO 3166).
- P1 Location code
- 2 characters for the city or region of the head office.
- KBC Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which bank uses BIC FTBDKPP1KBC?
The code FTBDKPP1KBC belongs to Foreign Trade Bank of The D.p.r. of Korea, a unit of Foreign Trade Bank of The D.p.r. of Korea in Pyongyang, North Korea. Use this branch code only when the recipient or their bank explicitly asks for it.
What do I need to send money to an account at Foreign Trade Bank of The D.p.r. of Korea?
Have ready the SWIFT/BIC code FTBDKPP1KBC, the IBAN or local account number of the recipientand the name of the account holder. North Korea is not part of SEPA, so always include the BIC.
Has Foreign Trade Bank of The D.p.r. of Korea got other SWIFT/BIC codes?
Yes, our database contains 2 SWIFT/BIC codes for Foreign Trade Bank of The D.p.r. of Korea in North Korea, for the head office and several branches or departments. All of them are listed on the page of Foreign Trade Bank of The D.p.r. of Korea.
How long does it take to send money to Foreign Trade Bank of The D.p.r. of Korea?
A SWIFT payment typically takes 2–5 business days, depending on correspondent banks and time zones. Money transfer services are often quicker than a bank.
What is the cheapest way to send money to Foreign Trade Bank of The D.p.r. of Korea?
Banks often add 1–3% to the exchange rate on top of a fee. Check what you receive in North Korea with transfer services before you send – the difference can be large.
Can I use FTBDKPP1 instead of FTBDKPP1KBC?
FTBDKPP1 is the head office of Foreign Trade Bank of The D.p.r. of Korea, while FTBDKPP1KBC points to Foreign Trade Bank of The D.p.r. of Korea. For a normal transfer the head office code is usually fine, but use FTBDKPP1KBC if the recipient asks for it.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.