Top List of Banks in Burma
Burma is a Southeast Asia bordered by Bangladesh, India, China, Laos, and Thailand. It has a population of more than 54.41 million people. The Burmese government is currently focused on developing the country's infrastructures as an emerging economy. This means that banks are also experiencing growth. There are many different banks in Burma to choose from for your banking needs. These are some of the top banks in Burma you should consider when choosing your bank.
Kanbawza Bank Limited (KBZ)
Kanbawza Bank Limited (KBZ) is a private commercial bank in Myanmar. It is one of the largest banks in the country by total assets (6,090,047,551,994 MMK) and has over 18,000 employees. It was founded in 1994 by Aung Ko Win, chairman of KBZ Group.
The bank operates as a wholly-owned subsidiary of Kanbawza Group. It provides consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management, and credit cards. The bank also offers loans to small businesses.
Yoma Bank
Yoma Bank was incorporated in Myanmar in 1993 and listed on the Yangon Stock Exchange (YSX) in 2016. It is one of the leading private banks in Myanmar, with a strong focus on corporate and SME banking.
Yoma Bank has a total asset base ofMMK 506 billion, a domestic network of 80 branches and 163 ATMs across the country, more than 3000+ employees, and a comprehensive range of banking services, including retail banking and corporate finance advisory, and wholesale banking.
The bank is majority-owned by Yoma Strategic Holdings Ltd., a Singapore-listed company with diverse businesses across real estate development, consumer goods manufacturing and distribution, automotive dealerships, strategic investments, and other financial services.
Asia Green Development Bank (AGD Bank)
Asia Green Development Bank (AGD Bank) is a Burma-based bank. AGD Bank offers loans, deposits, remittances, and foreign exchange services. In addition, the Company also provides leasing and hire purchase financing for trade and business and a personal loan under the consumer credit scheme. AGD Bank operates branches in Yangon, Mandalay, Mawlamyaing and Myawaddy, among others.
Total Assets: 366 billion kyat
Employees: 3500
Branches: 77 and 65 foreign exchange counters
Ayeyarwady Bank (AYA Bank)
Ayeyarwady Bank (AYA Bank) is a bank that provides services in Myanmar. It was established on 1 October 2010 through the amalgamation of < UNK> ma Foreign Trade Bank, < UNK> ma Investment and Commercial Bank, and < UNK> ma Economic Bank. The government of Myanmar wholly owns the bank.
Total assets: 560 billion kyat
Employees: 8,500
Branches: 261
Services offered: Deposit accounts, Loan accounts, Financial management, Money transfer, Foreign exchange, Trade and investment financing, Cash management services.
United Amara Bank (UAB)
United Amara Bank (UAB) is one of Myanmar's major commercial banks, with a history that extends back to the pre-independence era. The bank has a strong presence in the Myanmar market, with a network of branches and service points strategically located throughout the country.
The bank provides retail and corporate banking services, including deposits, loans, mortgages, trade finance, cash management, card services, electronic banking, and other financial services.
Total assets: 385 billion kyat
Employees: 295
Branches: 29
Co-operative Bank Limited (CB Bank)
CB Bank is a full-service commercial bank providing retail and wholesale banking services to individuals and businesses through its branch network and via internet banking and mobile banking channels. The products offered by CB Bank include savings accounts, current accounts, fixed deposits, time deposits, lending products, debit cards, credit cards, remittance services, and foreign currency exchange services.
Total Assets: MMK 1305b
Employees: 9000
Branches: 230
Innwa Bank Limited
Innwa Bank Limited (Innwa) is a Myanmar-based banking institution. It provides financial services, such as account deposits and savings, loans and advances, foreign exchange services, remittances, money transfers, and other related services. Its customers include individuals, businesses, non-profit organizations, and governments. The company has over three branches in Myanmar. Innwa is headquartered in Yangon, Myanmar.
Total Assets: 320 billion kyat
Employees: 20,477
Branches: 315
Myanma Economic Bank
The head office of Myanma Economic Bank is located at No. 39, Corner of Sule Pagoda Road and Merchant Street, Kyauktada Township, Yangon, Myanmar. Branches are present in all major cities, including Nay Pyi Taw, Mandalay, and Taunggu.
The services provided by Myanma Economic Bank include personal banking services like a savings account, fixed deposit account, and current account. Services also include corporate banking services such as loans to business establishments, ATM/Internet banking facilities, foreign currency exchange, and remittance services.
Total Assets: 230 billion kyat
Employees: 300 and 315 branches
Myanma Foreign Trade Bank (MFTB)
The bank offers a range of services, including foreign exchange, letters of credit, guarantees, payment orders, inward remittances, inter-bank deals, and money market transactions. It has a network of domestic branches and representative offices in Thailand, China, Japan, Malaysia, and Singapore.
In July 2011, MFTB entered into an agreement with Thai bank Kasikorn Bank (KBank) for opening service and investment promotion centers in Myanmar. The partnership enables Thai investors to direct Myanmar investments through KBank's Bangkok and Chiang Mai branches.
Myanma Investment and Commercial Bank (MICB)
Myanma Investment and Commercial Bank (MICB) is a commercial bank in Burma, headquartered in Rangoon. It was established on 25 April 1990 as Myanmar Foreign Trade Bank.
MICB's services include savings accounts, current accounts, overdraft facilities, mortgage loans for housing, house purchase loans for construction or improvement of houses, personal loans for education or medical treatment abroad, business loans for expansion of existing businesses or starting new business ventures, import and export financing.
Total Assets: 100 billion kyat
Employees: 295
FAQs
Q: What is the best bank in Myanmar?
A: Kanbawza Bank Limited (KBZ)
As of December 31, 2016, we had over US$1.9 billion worth of loans outstanding. Our loan book has grown at a compound annual growth rate (CAGR) of over 30% for the past five years, which is well above the industry average and highest amongst our peers in Myanmar.
KBZ serves all segments from individuals to small and medium enterprises ("SMEs") and large corporate customers. KBZ provides an extensive range of banking products and services, including lending, deposits, trade finance, remittances, foreign exchange transactions, treasury products, and other banking services.
Q: Which bank has the highest interest rate?
A: Asia Green Development Bank Limited (AGD)
