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Yoma Bank was founded in May 1993 [4] by entrepreneur Serge Pun of the First Myanmar Investment Company (FMI). After receiving a full commercial banking license, Yoma Bank opened its first branch in August 1993. [5]
First Myanmar Investment Co., Ltd. and FMI Air Ltd. [4] He is the chairman of Serge Pun & Associates Group (SPA Group), a multinational real estate firm, and Yoma Bank, a Burma-based bank. [5] Born in Burma, he migrated to Beijing in 1965, 3 years following the coup d'état by Ne Win and subsequent reprisals on foreign residents. [ 6 ]
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 Foundation Bank) uab bank. Yoma Bank.
Serge Pun & Associates (also SPA Group) is a major Myanmar -based conglomerate, engaged in 8 core sectors with 25 subsidiaries, involved in automobiles, real estate, retail, luxury tourism, agriculture and financial services. [ 1] Its flagship company, First Myanmar International (FMI), was established in 1992 as one of Myanmar's first publicly ...
2003 Myanmar banking crisis. The 2003 banking crisis of Myanmar was a major bank run in private banking that hit Myanmar (Burma) in February 2003. It started with a decline in the trust for private financial institutions following the collapse of small financial enterprises and proliferating rumors about the liquidity of major private banks.
Wave Money was established in 2015 as a joint venture between Telenor Group, Yoma Bank, Yoma Strategic Holdings and First Myanmar Investment. [1] The founding CEO of Wave Money was Brad Jones, an experienced executive in mobile financial services who had also been the founder of Wing Cambodia in 2008. In August 2016, Wave Money was awarded the ...
Yoma Bank. Website. fmi.com.mm. First Myanmar Investment (also abbreviated FMI) is a major Myanmar investment company founded in 1992 as one of Myanmar's first publicly traded companies. [1] It is a subsidiary of Serge Pun & Associates. [1] The company's headquarters are located in Pabedan Township, Yangon.
List of bank runs. 2007 run on Northern Rock, a UK bank. This is a list of bank runs. A bank run occurs when a large number of bank customers withdraw their deposits because they believe the bank might fail. As more people withdraw their deposits, the likelihood of default increases, and this encourages further withdrawals.