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This is the list of banks in Myanmar. There are a total of 31 local banks and 13 foreign branched banks in Myanmar. [1]
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This is the list of banks in Myanmar. There are a total of 31 local banks and 13 foreign branched banks in Myanmar. [1]
(notified by Central Bank of Myanmar)
Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance.
BDO Unibank, Inc., commonly known as Banco de Oro (BDO), is a Philippine banking company based in Mandaluyong, the Philippines. BDO Unibank is a member of the SM Group and so can be found at SM Malls throughout the country.
The Central Bank of Myanmar (Burmese: မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်; MLCTS: mranma nuingngamtau bahuibhan; IPA:[mjəmànàinŋàndɔ̀bəhòʊbàn]; abbreviated CBM) is the central bank of Myanmar.
China's banking sector had CN¥319.7 trillion in assets at the end of 2020. The "Big Four" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, all of which are among the largest banks in the world As of 2018. Other notable big and also the largest banks in the world are China Merchants Bank and Ping An Bank.
Following the Iranian Revolution, Iran's banking system was transformed to be run on an Islamic interest-free basis. As of 2010 there were seven large government-run commercial banks. As of March 2014, Iran's banking assets made up over a third of the estimated total of Islamic banking assets globally. They totaled 17,344 trillion rials, or US$523 billion at the free market exchange rate, using central bank data, according to Reuters.
Yangon Circular Railway is the local commuter rail network that serves the Yangon metropolitan area. Operated by Myanma Railways, the 45.9-kilometre (28.5 mi) 39-station loop system connects satellite towns and suburban areas to the city. Circa 2008–2010, the railway had about 200 coaches, had 20 daily runs, and sold 100,000 to 150,000 tickets daily. The railway is heavily utilized by lower-income commuters, as it is the cheapest method of transportation in Yangon.
Yoma Bank Limited is one of Myanmar's largest commercial banks. As ‘the Responsible Bank’ for 30 years, Yoma Bank has been the fastest developing private bank in Myanmar. The bank has 81 branches across Myanmar.
The Tun Foundation Bank is a privately owned bank in Myanmar that was established on 8 June 1994. All the profits from this bank go into scholarships for children from poor families.
Asia Wealth Bank was a Myanmar bank that was found to be of primary money laundering concern by the US Secretary of Treasury. The bank license was subsequently revoked by the Government of Myanmar in the banking crisis in 2003. The bank is a sister company of the former Olympic Construction Group which is renamed as Shwe Taung Group in 2004 after the banking scandal.
Shwe Taung Group of Companies is a Myanmar conglomerate. It has a large construction and engineering arm and is the parent company of a cement business in Myanmar. It also own Octagon International Service Trading which is the importer of machinery and construction vehicles.
The economic liberalization of Myanmar refers to the policy of liberalization orienting Myanma laws toward an open market economy. This process was initiated following the coup d’état of the Burmese junta in 1988 in order to transform the underperforming Burmese economy.
Asia Green Development Bank is a public commercial bank in Burma (Myanmar) providing banking services and products. It was one of 4 private banks to commence operations in August 2010 when the government issued four new banking licences and the first new financial institutions in the country since the establishment of Innwa Bank in 1997. Its headquarters are situated in Yangon, Myanmar. The bank began trading on the Yangon Stock Exchange when it opened in 2016. The bank was founded by Tay Za and was a subsidiary of parent company Htoo Group, whose 15% stake was sold to new shareholders. In 2016 Infosys provided AGD Bank with Finacle front and backend solutions for online banking systems.
Myanma Apex Bank is a private commercial bank in Myanmar.
Myanma Economic Bank is a commercial public bank in Myanmar (Burma).
The Myanma Foreign Trade Bank is a state-owned bank specializing in foreign banking. It provides trade finance and foreign exchange-related banking to the government, state enterprises, and the international community residing in Myanmar. MFTB also manages Burma's official foreign currency reserves. Until recent economic reforms, MFTB had a monopoly on foreign exchange and customer base.
The Myanma Investment and Commercial Bank is a state-owned bank. MICB has branches mainly in Yangon and Mandalay and focuses primarily on business and domestic currency-denominated loans for commercial, investment, and development activities. MFTB also manages Burma's official foreign currency reserves. MICB also acts as a banking intermediary for foreign investment activities.
Telenor Myanmar was a telecommunications brand in Myanmar (Burma) between 2014 and 2022. It was established as a subsidiary of the Norwegian Telenor Group, and was sold off to the Lebanese M1 Group in the aftermath of the 2021 Myanmar coup d'état. After a lengthy regulatory process, Myanmar authorities approved the transaction on 18 March 2022. The company rebranded to ATOM on 8 June 2022.
The Myanma Agricultural Development Bank is a government-owned bank specialized in providing financial services to agricultural enterprises in Myanmar (Burma), and is the largest financial institution of its kind. The bank is owned and operated by the Ministry of Agriculture and Irrigation (MAI), and has 206 branches nationwide. MADB provides loans to a sizable number of rural households, serving 1.87 million customers in 2012. MADB loan products typically cover farmers' short-term working capital needs.
Nang Kham Noung, preferred as Marlene, is a Burmese businesswoman and philanthropist. She is a Deputy CEO of the country's largest financial institution Kanbawza Bank, and the executive director of the Kanbawza Group, a major business conglomerate founded by her father, Aung Ko Win. Nang is the chair of I-KBZ Insurance, and the co-founder of the Brighter Future Myanmar Foundation, one of the biggest contributors to social and community development in Myanmar, which supports health, education, poverty reduction, and youth empowerment. In 2020, she won the ASEAN Entrepreneur Award in empowering women category for her outstanding contribution to deepening financial inclusion and equality in Myanmar.
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