List of Banks in Myanmar with Types and Ownership

Myanmar has a relatively young banking system, with the first commercial bank opening in 1992.

The country's banking sector is dominated by state-owned banks, with the Central Bank of Myanmar being the main regulator.

There are currently 22 licensed banks in Myanmar, operating in various capacities.

These banks can be broadly categorized into state-owned, private, and foreign banks.

In Myanmar, you can find various types of banks catering to different needs. Myanmar Apex Bank Limited offers a comprehensive range of services.

Myanmar Apex Bank Limited provides personal banking services, including savings accounts, current accounts, fixed accounts, and call deposits. These services are designed to meet individual needs. Business banking services, on the other hand, offer loans, overdrafts, global transaction banking, and e-commerce acquiring service.

Here are some examples of banking services offered by Myanmar Apex Bank Limited:

This gives you an idea of the types of banks available in Myanmar and the services they offer.

State-run banks are a type of bank that is owned and controlled by the government.

In Myanmar, there are four state-run banks that are regulated by the Central Bank of Myanmar.

These banks are designed to provide financial services to the public and support the country's economic development.

Here are the four state-run banks in Myanmar:

Semi-government banks are a type of bank that operates with a mix of government and private ownership. These banks are often established to support the country's economic development in specific sectors.

One example of a semi-government bank is the Construction, Housing and Infrastructure Development Bank. This bank focuses on financing infrastructure projects.

The Global Treasure Bank, formerly known as the Myanmar Livestock and Fisheries Development Bank, is another semi-government bank. It has undergone a name change, but its purpose remains the same.

Innwa Bank is also a semi-government bank. It's one of the many banks in Myanmar that operate in this sector.

Here are some examples of semi-government banks in Myanmar:

In Myanmar, there are several notable banks that offer a range of financial services to individuals and businesses. One such bank is the Myanmar Apex Bank, which was established in 2013 as a state-owned bank.

The Asia Green Development Bank is another notable bank in Myanmar, with a focus on providing financial services to the rural population. It was established in 2016 and is headquartered in Yangon.

The Myanmar Citizens Bank is a private bank that offers a range of financial services, including savings accounts, loans, and credit cards. It was established in 2014 and is known for its customer-friendly services.

Central Bank is a type of bank that is owned and controlled by the government.

Their primary function is to regulate the country's monetary policy.

Central banks are responsible for setting interest rates to control inflation and stabilize the economy.

In the United States, the Federal Reserve is the central bank that oversees the banking system.

The European Central Bank is responsible for maintaining price stability in the Eurozone.

Myanmar has a diverse range of banks to cater to various financial needs. From personal banking to business loans, there's a bank to suit every requirement.

Kanbawza Bank Limited offers a wide variety of account types, including savings, current, and fixed deposit accounts. They also provide extensive loan services, such as home loans, SME loans, and overdrafts.

Ayeyarwady Bank Limited offers personal banking services like accounts, loans, and remittance. They also provide business banking solutions including trade financing and cash management.

Myanmar Apex Bank Limited (MAB) offers a comprehensive suite of banking services, including personal and business banking, international remittance, and digital banking. Their personal banking services include savings accounts, current accounts, fixed accounts, and call deposits.

Here's a brief overview of some top banks in Myanmar:

These banks have made significant contributions to the financial sector in Myanmar, providing accessible and efficient financial solutions to meet the diverse needs of their customers.

Lists and Collections can be a great way to organize your banking needs in Myanmar.

A list of banks in Myanmar currently includes over 20 major banks.

Some of the banks in Myanmar are state-owned, such as the Myanmar Apex Bank.

The list also includes several private banks, like the AYA Bank.

In Myanmar, banking services are available in both urban and rural areas.

Many banks in Myanmar offer online banking services for convenience.