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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. There are a total of 31 local banks and 13 foreign branched banks in Myanmar. [ 1 ]
The bank began trading on the Yangon Stock Exchange when it opened in 2016. [4] 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. [5]
It provides trade finance and foreign exchange-related banking to the government, state enterprises, and the international community residing in Myanmar. [2] MFTB also manages Burma's official foreign currency reserves. [2] Until recent economic reforms, MFTB had a monopoly on foreign exchange and customer base. [2]
Myanmar Payment Union (MPU) is a Myanmar financial services corporation headquartered in Yangon, Myanmar.It provides bank card services and a major card scheme in Myanmar.MPU was founded on 15 September 2011 with total of 16 [1] members from both state and privately owned banks, and expanded to 23 members as of 19 Jan 2017.
Myanmar. Number of locations ... Ayeyarwady Bank Public Company Limited (Burmese: ဧရာဝတီဘဏ်) is an institutional bank headquartered in Yangon. Products
In 2009, MEC had 21 factories, including 4 steel plants, a bank, a cement plant and an insurance monopoly. [9] Its headquarters are located on Ahlon Road in Yangon's Ahlon Township. [10] MEC has remained on the United States' list of sanctioned companies due to its affiliation to the Burmese military. [11]
MICB has branches mainly in Yangon and Mandalay and focuses primarily on business and domestic currency-denominated loans for commercial, investment, and development activities. [2] MFTB also manages Burma's official foreign currency reserves. [2] MICB also acts as a banking intermediary for foreign investment activities. [2]
The Central Bank of Myanmar was founded as the Union Bank of Burma on 3 April 1948 by the Union Bank of Burma Act, 1947 [2] [3] ... (Yangon) Deputy Director-General