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"Bank of Asia" has expanded the correspondent network

13 November 2018

Dear clients,

  We are pleased to inform you that our bank has expanded the correspondent network for you by opening accounts in US dollars in the South Korean bank KB Kookmin Bank. KB Kookmin Bank is a member of the largest financial group in South Korea, KB Financial Group.

KB Financial Group is a leading financial services provider in South Korea, offering a wide range of financial products and services. The group was founded in 2008 for better customer service, growth and value in a rapidly changing world.

Within the Group, there are 12 subsidiaries, including: KB KookminBank, KB Securities, KB Insurance, KB Kookmin Card, KB Life Insurance, KB Asset Management, KB Capital, KB Sberbank, KB Real Estate Trust, KB Investment, KB Credit Information and KB Data Systems.

KB Kookmin Bank has 1132 branches in South Korea and 3 branches in countries such as China, Cambodia, Myanmar. One of the main components of this financial group is the flagship of the financial group, the KB Kookmin Bank main headquarters, which is located in Seoul, the South Korea. The bank begins its history in 1963. KB Kookmin Bank shares are traded on the New York and South Korea stock exchanges, and the bank’s assets amount to more than $ 310 billion.

According to Moody's rating agency, KB Kookmin Bank has a credit rating of A1, which suggests that the bank has very high financial stability and a high level of reliability.

Thus, CJSC "Bank of Asia", in partnership with KB Kookmin Bank, offers its services at the level of successfully prospering world-famous banks, which gives our customers the processing speed of payments, low cost and quality, and world standards.

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