A Bank is a public company limited formed on December 22nd, 2014 under the 3/2014 Financial Law ratified on July 30th, 2014 by the Central Bank of Myanmar. A bank is running nationwide commercial banking operations under licenses authorized by Central Bank of Myanmar.
A bank was formed by a set of companies specialized in agriculture businesses throughout the supply chain.
The main purpose of A bank is to bring development in agro-based industry through value chian financing i.e. increasing the access of finance at every stage of value chain_starting from production to consumption. A bank also intends to support SME development and “Financial Inclusion of Unbanked Population” by delievering technoloy-enabled, diversified banking products and services through multi-channels approach.
A bank’s majority shareholder is Ayeyarhinthar company with other shareholders including Ayeyarwaddy Regional Government and agriculture related companies. Currently, A bank has paid up capital of 26.6 Billion Kyats and intends to grow proportionately every year.
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Industry
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Banking
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Company size
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1,001-5,000 employees
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Headquarters
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Yangon, Yangon
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Type
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Public Company
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Founded
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2014
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Specialties
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