Asia Green Development Bank in Myanmar Explained

The Asia Green Development Bank has a presence in Myanmar, a country in Southeast Asia with a rich cultural heritage and diverse landscape.

In Myanmar, the bank focuses on green development, which aims to balance economic growth with environmental protection.

The bank's presence in Myanmar is a strategic move to support the country's transition to a green economy.

By investing in sustainable projects, the bank helps Myanmar develop its renewable energy sector, including solar and wind power.

Check this out: List of Banks in Myanmar

AGD Bank has been operating since 2010, with its Head Office and first branch opening on August 6th of that year in Nay Pyi Taw.

The bank was initially 100% owned and operated by the Htoo Group of Companies, which has a diverse range of business interests including trading, energy, and mining.

AGD Bank was converted to a Public Company on February 18, 2013, with a new slogan "We, all Myanmar will develop together", and has since grown its share capital to Ks.50.59 billion in 2021.

Its share capital initially stood at Ks.30.0873 billion in 2013, with 601,746 shares.

AGD Bank's Head Office and first branch was successfully opened on August 6, 2010 in Nay Pyi Taw. This marked the beginning of the bank's operations.

AGD bank was initially 100% owned and operated by Htoo Group of Companies, which is engaged in various businesses such as trading, energy, and mining.

On February 18, 2013, AGD bank was converted to a Public Company with a new slogan "We, all Myanmar will develop together".

As of 2021, the share capital of AGD bank stands at Ks.50.59 billion. This is a significant growth from the initial share capital of Ks.30.0873 billion in 2013.

AGD Bank has a total of 77 branches across the country as of June 2019.

You can use the first 8 symbols (AGDBMMMY) for a SWIFT funds transfer.

Normally, you should double-check with ASIA GREEN DEVELOPMENT BANK PUBLIC, COMPANY LIMITED to confirm the code is correct.

Banks often rely on their own or centralized reference data (SWIFTref) for international wire transfers.

You can send SWIFT payments to ASIA GREEN DEVELOPMENT BANK PUBLIC, COMPANY LIMITED without specifying correspondent banks.

If you want to manually choose a correspondent bank, you can order information about AGDBMMMY correspondent banks or request it from the customer service of ASIA GREEN DEVELOPMENT BANK PUBLIC, COMPANY LIMITED.

It's a good idea to confirm the SWIFT code with the bank to avoid any issues with the transfer.

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Asia Green Development Bank offers a range of services through its 77 branches and 65 foreign exchange counters across Myanmar, catering to Corporate, Retail, and International Banking needs.

The bank is headed by Htoo Htet Tay Za, who took over as managing director in 2015. He has since overseen several key partnerships and innovations.

In 2016, AGD Bank partnered with TrueMoney to introduce mobile banking services to its customers. This move aimed to increase accessibility and convenience for its clients.

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AGD Bank has made significant strides in process automation, with a strong presence in Myanmar. They have 77 branches and 65 foreign exchange counters throughout the country.

Their vast network allows them to operate across Corporate, Retail, and International Banking. This extensive reach enables them to cater to a wide range of customers.

One notable achievement is AGD Bank's partnership with TrueMoney, which enabled customers to access mobile banking services in 2016. This move showcased the bank's commitment to innovation and customer convenience.

AGD Bank also made history by becoming the first bank in Myanmar to accept EMV based UnionPay card transactions at its ATMs in 2017. This milestone marked a significant step forward in the country's financial technology landscape.

The bank's commitment to customer convenience is further evident in the launch of three AGD Visa cards in September 2018 – the Visa Classic Card, Visa Gold Card, and Visa Platinum Card. These cards offer customers a range of benefits and rewards.

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