SWIFT/BIC code KGCBKPP1XXX
KGCBKPP1XXX belongs to Koryo Credit Development Bank in Pyongyang, North Korea.
Code details
| SWIFT/BIC code | KGCBKPP1XXX |
|---|---|
| 8-character code | KGCBKPP1 |
| Branch code | XXX |
| Bank | Koryo Credit Development Bank |
| Branch | Head office |
| City | Pyongyang |
| Country | North Korea |
The way the Koryo Credit Development Bank SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- KGCB 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.
- XXX 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 institution uses SWIFT/BIC code KGCBKPP1XXX?
KGCBKPP1XXX is the SWIFT/BIC code of the main office of Koryo Credit Development Bank in Pyongyang, North Korea. Use it when you send money to an account at Koryo Credit Development Bank.
Is KGCBKPP1 and KGCBKPP1XXX the same code?
Yes. KGCBKPP1 is the short version of KGCBKPP1XXX. The XXX at the end only refers to the head office, so both routes your payment to Koryo Credit Development Bank in Pyongyang.
Does Koryo Credit Development Bank have a single SWIFT/BIC code?
Yes, KGCBKPP1XXX is the single SWIFT/BIC code listed for Koryo Credit Development Bank in North Korea, so you do not need to pick a branch code.
How long does a transfer to Koryo Credit Development Bank take in North Korea?
A SWIFT payment usually takes 2–5 business days, because of intermediary banks and cut-off times. Specialist transfer services are often quicker than a bank.
What do I need to send money to an account at Koryo Credit Development Bank?
Have ready the SWIFT/BIC code KGCBKPP1XXX, the IBAN or local account number of the recipient, their full name and address. North Korea is not part of SEPA, so the BIC is required.
What does each part of KGCBKPP1XXX stand for?
KGCB is the bank code of Koryo Credit Development Bank, KP stands for North Korea, P1 is the location code and XXX means the head office.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.