Myanmar Microfinance Bank (MMB)
The Myanmar
Microfinance Bank Limited was established on 2nd July 2013 with the
permission of the Central Bank of Myanmar Under the law of Financial
Institutions of Myanmar and the law of the Central Bank of Myanmar.
License
MaVaBa/P-30/(7)2013 (1) dated. 2.7.2013 was granted by the Central Bank
of Myanmar, the Ministry of Finance and Revenue to operate as
Development Bank and Investment Bank. The MMB Bank can also do
commercial banking by seeking the permission of the Central Bank. The
Bank is now ready to provide financial services to the public. It has
already employed more than three hundred of employees to start banking
which will be mutually beneficially to depositors as well as borrowers.
Without collateral loan will be given for low income families through
Central Cooperative Society. The MMB is going to open new Parami Bank
branch soon. New branches will be opened in Yangon. And, the preparation
is underway.
Myanmar Microfinance Bank will provide several banking services.Motto
MMB For AllMission
To become first ever top ranking Myanmar Microfinance Bank for Myanmar Citizens.Vision
To develop Microfinance Industry and to help Myanmar People.Strategy
To satisfactorily fulfill the needs of customers with correctness, accuracy, eagerness and diligence.Type : Public Company Limited
Service as : Investment and Development Bank
Founded : 2/7/2013
Key People : Chairman
: Vice Chairman
Products : Savings Deposit, Minor Deposit, Current Account, Fixed Deposit, Bank Statement, Loans, Local Remittance,
: Gift Cheque, Payment Order, Internal Draft and Cheque Purchase (IDCP)
The Objective
of the MMB Bank is to reduce the poverty of the grass roots people and
to develop the social, educational, health, economic conditions of the
grass roots people by opening new bank branches throughout the country.
By doing so, the low income family including farmers will gain more
access to the needed money.
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