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Tanchon Commercial Bank
North Korean bank From Wikipedia, the free encyclopedia
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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]
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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]
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References
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