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The Myanma Agricultural Development Bank (Burmese: မြန်မာ့လယ်ယာဖွံ့ဖြိုးရေးဘဏ်; abbreviated MADB) is a government-owned bank specialized in providing financial services to agricultural enterprises in Myanmar (Burma), and is the largest financial institution of its kind.
Ayeyarwaddy Farmers Development Bank (A Bank) [4] Co-operative Bank (CB Bank) [5] Myanmar Citizens Bank [6] Glory Farmer Development Bank (G Bank) Kanbawza Bank; Myanma Apex Bank; MD Bank; Myanmar Metro Bank; Myanmar Oriental Bank; Myanma Tourism Bank [7] Shwe Rural and Urban Development Bank (Shwe Bank) Tun Commercial Bank (formerly Tun ...
The AGD Bank's Head Office and first branch was successfully opened on August 6, 2010 in Nay Pyi Taw under the organization of Htoo Group of Companies. In the past, AGD bank was 100% owned and operated by “Htoo Group of Companies” which is engaged in trading, energy and mining, construction, agriculture, hotel, travel and tourism business.
Burma Economic Bank was established as subsidiary of the State Commercial Bank (SCB) on 2 April 1976, under the Bank Act of 1975. The law reversed a 1967 law (The People's Bank of the Union of Burma Act of 1967), by splitting the People's Bank into four separate state-owned banks, namely the Union of Burma Bank (UBB), the Burma Economic Bank (BEB), the Burma Foreign Trade Bank (BFTB) and the ...
Agriculture in Myanmar (also known as Burma) is the main industry in the country, accounting for 60 percent of the GDP and employing some 65 percent of the labour force. [1] Burma was once Asia's largest exporter of rice , [ 2 ] and rice remains the country's most crucial agricultural commodity.
The Union of Myanmar Economic Holdings Limited (abbreviated UMEHL or UMEH) was established in February 1990 under the Special Companies Act as the economic arm of the Burmese military, during a period of privatisation and transition from a socialist command economy, with an initial capital of US$1.6 billion.
Christopher Loh is the CEO of the bank. The bank is majority owned by Ne Aung, the son of Aung Thaung, who has been blacklisted by the United States Treasury on 31 October 2014 [5] for his membership in the country's ruling military junta, the State Peace and Development Council and his attempts to undermine Burma's economic and political reforms.
The Union Bank of Burma was opened at the corner of Merchant Road and Sule Pagoda Road and had the sole right to issue currency for the country. In 2013, the Central Bank of Myanmar became an autonomous and independent regulatory body by the Central Bank of Myanmar Law, which was enacted by the Myanmar parliament .