Search OpenSanctions

First Eastern Bank

First Eastern Bank is an entity of interest. It has not been found on international sanctions lists.

Type	Company				[sources]
Name	First Eastern Bank				[sources]
Other name	F Bank · 东大银行				[sources]
Incorporation date	not available				[sources]
Jurisdiction	not available				[sources]
Country	North Korea				[sources]
Description	Licensed by the Central Bank of the DPRK. Established by Unaforte in 2014 as a subordinate enterprise to provide financial support and loans to Chinese investors in mining and real estate projects in Rason.				[sources]
ID Number	`SWIFT/BIC: FTBD KP PY`				[sources]
Phone	+850 2 18111				[sources]
Registration number	not available				[sources]
Address	FTB Building, Jungsongdong, Central District, Pyongyang · Rason, North Korea				[sources]
Source link	www.nknews.org				[sources]
Last change	2024-03-25	Last processed	2024-10-28	First seen	2023-08-08

Descriptions

According to a claim on an online self-made claim (see Annex 15-13, p. 302, of the UN Panel of Experts February 2017 report), First Eastern bank is "fully independent and doesn't require proof of identity. It is not subject to the jurisdiction of China or DPRK and is not required to report to the Chinese government or the DPRK government!".

— DPRK Reports non-official source, 2023-08-08

Relationships

Linked from
Subject	Role	Start date	End date
Rason Una Forte Ltd. Co.	Affiliated	-	-
Unaforte Ltd.	First Eastern Bank is a subsidiary of Unaforte	2014	-

Linked to
Object	Role	Start date	End date
Central Bank of the Democratic People's Republic of Korea	Affiliated with the Central Bank of the DPRK	-	-

Data sources

DPRK Reports5,540

A database of entities and events related to North Korea's sanctions evasion efforts.

United Kingdom · RUSI · non-official source

For experts: raw data explorer

Factsheet Descriptions Data sources

OpenSanctions is free for non-commercial users. Businesses must acquire a data license to use the dataset.

Use the API License in bulk