The Republic of the Union of Myanmar

Central Bank of Myanmar

List of Representative Offices of Foreign Banks and Finance Companies

Representative Offices of Foreign Banks

Sr.No.

Name of Foreign Banks

Date of Registration

Certificate Issued

1.

DBS Bank Limited

10.11.93

2.

National Bank Limited

6.7.95

3.

First Overseas Bank Limited

30.4.96

4.

CIMB Bank Berhad (New Licence for Name of Change)

19.2.2008

5.

Arab Bangladesh (AB)Bank Limited

10.12.2010

6.

Siam Commercial Bank Public Company Limited

23.4.2012

7.

Krung Thai Bank Public Company Limited

14.6.2012

8.

Punjab National Bank

19.6.2012

9.

Kasikornbank Public Company Limited

18.7.2012

10.

Woori Bank

25.10.2012

11.

Vietin Bank

12.12.2012

12.

Korea Development Bank

27.12.2012

13.

Standard  Chartered Bank

27.12.2012

14.

First Commercial Bank (New Licence  for Change of Management Office)

18.3.2013

15.

Export-Import Bank of India

14.6.2013

16.

The Export-Import Bank of Korea

16.12.2013

17.

Eastern Bank Limited

26.3.2014

18.

Bank of Ayudhya Public Company Limited

26.3.2014

19.

RHB Bank Berhad

26.3.2014

20.

Cathay United Bank

11.4.2014

21.

BRED Banque Populaire

11.6.2014

22.

Busan Bank Co., Ltd

23-6-2015

23.

Bank of Taiwan 

23.6.2015

24.

Taishin International Bank Co., Ltd

23.6.2015

25.

Taiwan Shin Kong Commercial Bank Co., Ltd

23.6.2015

26.

CTBC Bank Co., Ltd

23.6.2015

27.

Yuanta Commercial Bank Co., Ltd

23.6.2015

28.

Taiwan Cooperative Bank Limited

23.6.2015

29.

Taiwan Business Bank Limited

23.6.2015

30.

Ho Chiminh City Development Joint Stock Commercial Bank

23.6.2015

31.

Qatar National Bank

26.7.2015

32.

Sampath Bank PLC

26.7.2015

33.

KEB Hana Bank (New Licence for Change of Name)

18.12.2015

34.

ACLEDA Bank Plc.

7.4.2016

35.

SATHAPANA  Bank PLC.(New Registration Certificate for Change of Name)

7.5.2012

36.

Chang Hwa Commercial Bank Limited

21.11.2016

37.

Hua Nan Commercial Bank Limited

21.11.2016

38.

Export-Import Bank of Thailand

6.3.2017

39.

Saigon-Hanoi Commercial Joint Stock Bank

19.3.2019

40.

NongHyup Bank

29.6.2020

 

Representative Offices of Foreign Finance Companies

Sr.No.

Name of Foreign Finance Companies

Date of Registration Certificate Issued

1.

AEON Credit Service Company

20.7.2012

2.

BOT Lease(Thailand) Co., Ltd.

7.4.2016

3.

KB Kookmin Card Company Limited

14.9.2017

4.

Mitsubishi UFJ Lease and Finance Co., Ltd.

27.12.2017

5.

Shinhan Card Co., Ltd.

6.9.2018

6.

JB Woori Capital Co., Ltd.

24.4.2019

7.

DGB Capital Co., Ltd.

8.4.2020

 

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MMK per USD - Date 3rd December 2021

Reference Exchange Rate (CBM Auction Rate)

1780.0

MMK Exchange rate for other currencies are available here (forex.cbm.gov.mm)

Interest Rate(%)
Central Bank Rate 7%pa
Minimum Bank Deposit Rate 5%pa

Maximum Bank Lending Rate (Secured)

Maximum Bank Lending Rate (Unsecured)

10%pa

 

14.5%pa

Economic Indicators (%)
GDP Growth Rate
2019-2020 FY
3.20 %
Annual Rate of Inflation
(February 2021)
2.61 %
Year on Year Inflation
(February 2021)
1.51 %

    Source :

    Ministry of Planning, Finance and Industry