YOMA BANK, one of the largest private banks in Myanmar, plans to focus on providing digital products to millions of people in Myanmar , according to Hal Bosher, the bank’s chief executive officer. Bosher said in an exclusive interview that digital products would allow the bank to serve the country better, making banking accessible and […]
Waiting for change at Myanmar’s central bank
April 4, 2018 by
Myanmar’s central bank governor Kyaw Kyaw Maung has long been seen as an impediment to reform. But come July, he will be out and a new chief will be in, heralding, it is to be hoped, a new era of change Being a bank in Myanmar isn’t easy, with lenders of all sizes facing insuperable […]
Mandalay Coffee borrows $596K from Yoma to double export volume
March 28, 2018 by
Mandalay Coffee Group (MCG) has signed a funding agreement with Yoma Bank last week to provide K800 million (US$596,000) financial support to coffee farmers to improve their output. MCG is a coffee processor and exporter based in Mandalay, comprising 42 individual shareholders who are involved in different parts of the coffee business supply chain, such […]
ADB Partners with Yoma Bank to Support SMEs in Myanmar
January 30, 2018 by
The FINANCIAL — The Asian Development Bank’s (ADB) Trade Finance Program (TFP) and Yoma Bank on January 26 signed an agreement to provide guarantees of at least $10 million annually to support trade, especially for small and medium-sized enterprises (SMEs), in Myanmar. “We are excited to welcome Yoma Bank as the newest TFP partner,” said […]
In dirt-poor Myanmar, smartphones are transforming finance
October 19, 2017 by
MYANMAR’S democratic transition sometimes seems marked as much by continuity as by change. Depressingly, the army continues its bloody persecution of Rohingya Muslims in the west, for example (see article). But elsewhere moves to open the country’s markets, started by the preceding military regimes, have gathered pace. New commercial and financial services are springing up. […]
Myanmar’s Yoma links up with Proximity to boost farm loans
September 14, 2017 by
YOMA Bank, Myanmar’s fourth-largest bank by assets with more than 3,000 employees and 72 branches across the nation, has signed a funding agreement with Proximity Designs for 7.3 billion kyats (Bt178.5 million), said a bank executive. Hal Bosher, adviser to the chairman and CEO of Yoma Bank, said the partnership with Proximity Designs, which runs […]
Experts call for stronger property laws in Myanmar
July 12, 2016 by
MYANMAR’S real-estate market would become more buoyant if regulations on pricing and related issues were to be strengthened, experts said recently. At the “Property Report Congress Myanmar 2016”, developers and bankers urged the government to improve infrastructure and regulatory reforms. Tony Picon, managing director of Colliers International Myanmar, said the country needed to control property […]
Foreign banks call for market access
July 30, 2015 by
Greater competition from international banks would encourage local lenders to move away from a small pool of high-net-worth clients to start offering products and services to those who need it most, said panellists at the Myanmar Banking and Finance Conference in Yangon yesterday. “If more foreign banks come into the market it will increase competition […]
Banks need incentive to take grain instead of gold
June 12, 2015 by
Two domestic banks have agreed to offer loans backed by commodities, allowing farmers to pledge items like beans and pulses as collateral for access to competitively priced financing for the first time. However, the appeal of warehouse receipt financing may be limited, as capped interest rates mean the lenders have little incentive to take on […]
