Keep updated
Get in touch
| Type | Company | [sources] | |||
|---|---|---|---|---|---|
| Name | International Consortium Bank | [sources] | |||
| Other name | Hi-Fund Bank International Consortium Bank · ICB · Sungri Hi-Fund International Bank | [sources] | |||
| Incorporation date | not available | [sources] | |||
| Jurisdiction | not available | [sources] | |||
| Country | North Korea | [sources] | |||
| Description | Subsidiary in the "Service Division" of the Malaysia-Korea Partners Group of Companies. Associated with the Sungri Economic Group. "Licensed by the Central Bank of the Democratic People’s Republic of Korea and registered with the Pyongyang Municipal People’s Committee, the bank provides financial services, including deposit, loan, trade finance, contracting, remittances and financing of small and medium enterprises." | [sources] | |||
| Phone | +85031240611 · +85031241211 | [sources] | |||
| Registration number | not available | [sources] | |||
| SWIFT/BIC | FHIBKPPY | [sources] | |||
| Website | www.mkpholdings.com.my | [sources] | |||
| Address | Sungri Exhibition Hall, Sohong-Dong, Morabong District, Pyongyang, North Korea | [sources] | |||
| Source link | www.nknews.org · www.nknews.org | [sources] | |||
| Last change | Last processed | First seen | |||
Annex XXIII (p. 131) of the UN Panel of Experts Report June 2013 notes that it is not known whether ICB retained SWIFT. Hi-Fund Bank also was formerly listed by MKP Group of Companies as a banking subsidiary. MKP now lists the name of its banking subsidiary as International Consortium Bank. The UN Panel of Experts frequently lists Sungri Economic Group as an alias of the International Consortium Bank. However, both companies also appear as separate companies throughout the reports, therefore the connection is unclear (see p. 227 of the UN Panel of Experts March 2018 report and p. 120 of the March 2014 report).
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
OpenSanctions is free for non-commercial users. Businesses must acquire a data license to use the dataset.
| Linked from | ||||
|---|---|---|---|---|
| Subject | Role | Start date | End date | |
| Malaysia Korea Partners Group of Companies | The International Consortium Bank is a former subsidiary of the Malaysia-Korea Partners Group of Companies, situated within the Group's "Service Division". It was established by the Malaysia-Korea Partners Group of Companies. | - | - | |
| Sungri Economic Group | Associated | - | - | |