KDB Bank Uzbekistan JSC

KDB Bank Uzbekistan traces its history to 1997, when the Uzbek–Korean joint venture UzDaewoo Bank was set up as part of Daewoo Securities' international expansion. In 2006, after passing to the Korea Development Bank (KDB), it was renamed UzKDB Bank; in 2011 KDB took over a second Uzbek subsidiary, RBS NB Uzbekistan, and in 2013 the two banks merged to form KDB Bank Uzbekistan.

The Korea Development Bank, wholly owned by the government of the Republic of Korea, holds 86.32% of the shares; the National Bank of Uzbekistan owns 10.31% and Turonbank 3.37%.

This is above all a corporate bank. Most of its clients are subsidiaries of foreign companies, joint ventures, diplomatic missions and representative offices of international firms, which it serves with accounts, payments, trade finance, export–import and treasury operations. Individuals can open accounts, get Uzcard, Humo and Visa cards and use internet and mobile banking, although according to its website the bank currently does not take interest-bearing deposits from the public. The network consists of the head office and the Oybek branch, both in Tashkent.

For travellers

Currency exchange desks open on weekdays at the head office (3 Bukhara Street) and the Oybek branch (32 Oybek Street), and the website says the automated exchange points at these addresses run around the clock. Non-residents can open accounts in soums and foreign currencies. Transfers abroad can be sent in 25 currencies from a soum account without opening a foreign-currency account; no money-transfer systems such as Western Union are listed. The KDBUz Mobile app for iOS and Android is available in Uzbek, Russian and English.