The Republic of the Union of Myanmar

Central Bank of Myanmar

List of Foreign Bank Subsidiaries

List of Foreign Bank Subsidiaries

Sr.

No

Bank Name

License Date/

Commencement Date

Address

1.

KB Bank Myanmar Ltd.

23.12.2020/

28.12.2020

No. 104, University Avenue Road, 9th Quarter, Kamaryut Township, Yangon. 11041, Republic of the Union of Myanmar

2. IBK Myanmar Ltd.

30.12.2020/

5.1.2021

Unit 3-8, Yoma Yeik Thar Building, No.5/D, Corner of Pyay Road and Yoma Yeik Thar Street, Ward 2, Kamaryut Township Yangon, 11041, Republic of the Union of Myanmar
3. Siam Commercial Bank Myanmar Limited

12-1-2021/ 

15-1-2021

Unit 18- (06/07), 18th Floor, Sule Square Office Tower, Sule Pagoda Road, Kyauktada Township, Yangon, Republic of the Union of Myanmar

Weighted-average (WA) Market Exchange Rate

MMK per USD - Date 15th January 2021

Reference Exchange rate
(WA market rate)
1,331.3
Interbank Market WA rate 1,331.5
Bank-customer Market WA rate

1,331.1

CBM announces daily Reference Exchange Rate every working day at 4:00 PM, based on deals between 9:00 AM and 3:00 PM.

  • Methodology on determination of Reference Exchange Rate is available here

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
2018-2019 FY
(October to September)
6.80 %
Annual Rate of Inflation
(November 2020)
4.60 %
Year on Year Inflation
(November 2020)
0.97 %

    Source :

    Ministry of Planning, Finance and Industry