Tanchon Commercial Bank
North Korean bank
From Wikipedia, the free encyclopedia
Tanchon Commercial Bank (formerly called Changgwang Credit Bank;[1][2] possibly called Danchon Bank) is a North Korean bank.[3] It was originally opened in August 1986.[4]
Native name | 단천 상업 은행 |
|---|---|
| Industry | Bank |
| Headquarters | Pyongyang , North Korea |
| Korean name | |
| Chosŏn'gŭl | ^단천 상업 은행 |
| Hancha | 端川商業銀行 |
| Former name 1 | |
| Chosŏn'gŭl | ^창광 신용 은행 |
| Hancha | 蒼光信用銀行 |
| Former name 2 | |
| Chosŏn'gŭl | ^룡악산 은행 |
| Hancha | 龍岳山銀行 |
History
Tanchon Bank has about thirty employees and has regional offices specializing in weapon sales in the Middle East, Myanmar, and Africa.[5]
According to a Business Insider article, it is the financial institution used "to repatriate and hold foreign currency accounts" and under the control of the Ministry of Industry.[6]
The bank's purpose was to handle transactions concerning Yongaksan Trading Company and as a fund manager for the Second Economic Committee.[4] At one time, the bank's leader was Maeng Bong-shik.[4]
The bank's address is Saemul 1-Dong Pyongchon District, Pyongyang, North Korea.
Mun Chong-chol is a Tanchon Commercial Bank representative.[7]
