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Yangon, [a] formerly romanized as Rangoon, [4] [5] is the capital of the Yangon Region and the largest city of Myanmar. Yangon was the capital of Myanmar until 2005 and served as such until 2006, when the military government relocated the administrative functions to the purpose-built capital city of Naypyidaw in north central Myanmar. [ 6 ]
SME-Development Bank; Asia Green Development Bank; Ayeyarwady Bank; 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 ...
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Yangon Region is the most developed region in the country. According to the government's official statistics for FY 2010–2011, the size of the economy of Yangon Region was 8.93 trillion kyat, or 23% of the national GDP. [17] Greater Yangon is Lower Myanmar's main trading hub for all kinds of merchandise – from basic food stuffs to used cars.
The bank began trading on the Yangon Stock Exchange when it opened in 2016. [4] The bank was founded by Tay Za and was a subsidiary of parent company Htoo Group, whose 15% stake was sold to new shareholders. In 2016 Infosys provided AGD Bank with Finacle front and backend solutions for online banking systems. [5]
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The district was created alongside a larger reorganization of Yangon Region's subdivisions on 30 April 2022. The former North Yangon District along with the other three districts were expanded to 14 districts by the provisional government. [2] To its north, it borders Taikkyi District, to its east it borders Hlegu District.