Established in Juche 48 (1959), the bank has conducted settlement with other countries and financial transactions in a uniform manner as required by the nation's developing external economic relations.

The bank has boosted its business relations and satisfactorily ensured settlement with banks of various countries, laying a groundwork for developing the nation's external economic relations including foreign trade.

The bank has further boosted its business capability and improved international confidence as required by the times when the country's international prestige and economic potential are rising remarkably and made a brisk way into international financial markets, steadily expanding the business relations with various other banks of the world on the principle of independence, equality and mutual benefit.

A meeting celebrating the golden jubilee of the FTB was held in Pyongyang Thursday.

Present there on invitation were delegations and delegates of various countries participating in the celebrations of the golden jubilee of the bank, staff members of embassies of foreign countries here and foreign guests staying in the DPRK.

O Kwang Chol, president of the bank, delivered a report at the meeting.