Ownership Stake: 51%
Year Invested: FY 1993-1994
Yoma Bank Ltd. is one of Myanmar’s leading fully-licensed commercial banks. Established in 1993, Yoma Bank today has one of the largest branch networks in the country, covering 25 major cities. Previously a leading provider of domestic remittance services, Yoma Bank has undergone a full-scale transition over the last two years, upgrading its management and facilities in order to provide customers with better service as the financial sector in Myanmar expands.
Yoma Bank aims to become a leader in serving the small and medium sized enterprises (SMEs) sector, the majority of whom are hitherto underserved. Yoma Bank believes that these SMEs will become the backbone of Myanmar’s fast-growing economy. Yoma Bank also has a partnership with Telenor to develop a mobile payments platform. To learn more about Yoma Bank, including its full suite of services, please visit www.yomabank.com