1. Kanbawza Bank
Kanbawza Bank (Kanbawza Bank) was established in 1994 and is the largest private bank in Myanmar. It is a subsidiary of KBZ Group, headquartered in Yangon, Myanmar, and oversees more than 200 branches and more than 80 currency exchange counters nationwide.
2. Yoma Bank
Yoma Bank was established in 1993 by First Myanmar Investment Company and is one of the largest commercial banks in Myanmar. The bank has multiple branches in 24 cities across the country. In 1999, Yoma Bank became the first bank in Myanmar to adopt a computerized accounting system and install wireless communications, connecting all branches via satellite.
3. Asia Green Development Bank
The Asia Green Development Bank (Asia Green Development Bank) began to carry out commercial banking business in Myanmar in 2010. The bank was once wholly owned by Htoo Group of Companies before becoming a public company in 2013. The Asian Green Development Bank oversees 70 branches in Myanmar and provides dealer and currency exchange services through its 65 foreign exchange counters.
4. Ayeyarwady Bank
Ayeyarwady Bank began operations in Myanmar in 2010, providing personal and commercial banking products and services. The Ayeyarwaddy Bank is headquartered in Yangon and operates a network of 227 branches.
5. United Amara Bank
United Amara Bank provides domestic and foreign banking services in Myanmar. The bank holds a foreign banking license issued in 2012, which allows it to issue letters of credit and engage in foreign banking services such as international remittances. As of 2017, United Amara Bank manages 76 branches and a number of automated deposit machines in Myanmar.
Extended information;
Bank is a financial institution established in accordance with the law to engage in currency and credit business. It is the product of the development of commodity currency economy to a certain stage.
Banks are one of the financial institutions. Banks are divided by type: central banks, policy banks, commercial banks, investment banks, and the World Bank. Their responsibilities are different.
State-owned commercial banks: including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank of China, Bank of Communications, etc.
Investment banks: including Goldman Sachs Group, Morgan Stanley, Citigroup, Wells Fargo, UBS, Societe Generale, etc.
World Bank: Used to finance countries' efforts to overcome poverty. Each institution plays a unique role in its mission of alleviating poverty and improving living standards.
Profit Channels
The bank’s profit channels are loans, bank insurance, sales of wealth management fund products, sales of financial equipment, financial intelligent terminal business consumption profits, hedging business, Bill business, etc.
The profit ratio of most banks in China is: 30% from loans, 10% from bank insurance, 10% from sales of wealth management fund products, 5% from sales of financial equipment, 30% profit from consumption of financial intelligent terminal business, and 5% from hedging business , bill business 10, etc.
The profit ratio of foreign banks is: loans 15, banking insurance 15, sales of wealth management fund products 15, sales of financial equipment 10, financial intelligent terminal business consumption profit 35, hedging business 5, bill business 5 etc.
On February 24, 2016, media reported that 7 of the 16 listed banks had handed over last year’s performance reports, and generally net profits continued to decline. The performance report shows that the net profit attributable to shareholders of the parent company for these seven banks in 2015 was 271.661 billion yuan, which means that the seven banks made a net profit of 744 million yuan every day last year.
Although this value is still among the best in various industries, the continued decline in profit growth is still a future trend.
The net profit growth rates of 7 banks all declined to varying degrees compared with 2014. The net profit growth rates of 6 joint-stock banks even fell to single digits. The net profits of China Merchants Bank, Industrial Bank, Hua Xia Bank, China CITIC Bank and Shanghai Pudong Development Bank increased. The average speed dropped by more than half.
CITIC Bank’s net profit growth rate was the lowest, only 1.15. Only Bank of Nanjing, a city commercial bank, maintained double-digit performance, reaching 24.86.