Yomabank
Area of Focus
- Personal Banking
- Business Banking
Overview
Yoma Bank was founded in May of 1993 by entrepreneur U Theim Wai @ Serge Pun.
The bank opened its first branch in August of 1993 and since has expanded exponentially to become one of the largest banks in Myanmar, offering full fledged retail banking services to individuals, SMEs and corporate clients.
As ‘the Responsible Bank’ for 30 years, Yoma Bank has been the fastest developing private bank in Myanmar. By strategically investing in our people, technology and governance, Yoma Bank has developed a trusted reputation within the community, which has been an essential part of establishing local and international partnerships to progressively move forward. Yoma Bank was the first local bank in Myanmar to welcome a foreign financial institution as its shareholder International Finance Corporation (IFC) converted investment loans in 2014 to equity on May 2019. As an affiliate of GIC, Greenwood Capital Pte Ltd, and Norfund have acquired stakes in Yoma Bank in early 2020 with total transactions is approximately MMK 130 Billion.
Team
Nilar Lwin
Head of Business Development, Digi Gate (Acquiring), Yoma Bank
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