The Board of Phoenix Commercial Ventures are pleased to announce that Phoenix has launched a new and improved website.
Happy New Year
The board of Daedong Credit Bank would like to wish the bank’s clients, customers and front office/back office colleagues a Happy Lunar New Year (2011 being the year of the Rabbit).
The full text of the press release can be read here.
Frost Gets Financial Power
Daedong Credit Bank is proud to announce that Ken Frost MA FCA FIPFM, a director of Daedong and member of the Institute of Chartered Accountants in England & Wales (ICAEW), has been ranked within the Financial Power List 2011.
The Financial Power List 2011 has been compiled by the British magazine “Accountancy Age“. The list identifies the top fifty people who will yield the most influence over the future direction of accounting.
The full text of the press release can be read here.
US Treasury Press Release 18th November 2010
Daedong Credit Bank (DCB) has noted the press release of 18th November 2010 by the US Treasury and makes the following comments:
1. Korea Daesong Bank (KDB) is a 30% shareholder in DCB. DCB is not, and never has been, aware of any activity by KDB which is in breach of any of its obligations, domestic or international. In particular, DCB is not aware of KDB having acted in breach of any sanctions. DCB is not aware of any cause of concern about the conduct of KDB.
2. KDB has no executive control of DCB.
3. DCB is majority owned by overseas investors and is foreign-managed.
4. DCB does not act and has never acted in breach of any of its domestic or international obligations. DCB acts in a manner consistent with domestic and international law.
5. DCB is apolitical and promotes foreign investment in the DPRK as a positive development.
The full text of the press release can be read here.
Ken Frost Joins The Board of Daedong Credit Bank
Ken Frost appointed to the Board of Daedong Credit Bank.








