NETPRO MYANMAR Competitors

KBZ Bank, established in 1994, is the largest privately owned bank in Myanmar and the first to have expanded internationally, with representative offices in Singapore, Thailand and Malaysia. With 18,000 staff, more than 480 branches nationwide and 40% market share of both retail and commercial banking, KBZ is leading the way for Myanmar’s rapidly developing financial services industry through an approach that understands the unique context of the country’s economy as it transitions towards a digital future. As Myanmar’s economy expands and opens up, KBZ sees an exciting opportunity to work with further international investors, providing a critical bridge to Myanmar’s fast-growing cities, entrepreneurs and local communities.

AYA Bank, licensed by the Central Bank of Myanmar on July 2nd, 2010, stands as the country's second-largest bank, serving over 3.2 million customers across its network of 262 branches. Our success can be attributed to our extensive and loyal customer base, which has fueled our rapid growth. In terms of our financial standing, AYA Bank has a paid-up capital of MMK 140 billion, total assets valued at MMK 7 trillion, and equity of MMK 309 billion. As a proud member of the United Nations Global Compact (UNGC), we are dedicated to upholding global standards in corporate governance and compliance, integrating best practices into our management and operations. Our primary business strategy revolves around offering comprehensive banking and financial solutions, focusing on enabling growth and enriching the lives of our customers. We have attracted and retained a talented workforce with diverse domestic and international experience. Furthermore, we have made significant investments in Learning & Development to ensure sustainable long-term growth for the communities we serve. AYA Bank takes pride in being the leading provider of Auto Loan Products in Myanmar, holding a market share of 34% in the new car lending market. Embracing the shift towards cashless transactions and payments, we have successfully transformed 52% of our active customers into Digital Banking users. Through digitalization, human resource development, and innovative products and services, we consistently create value for our strategic investment partners across all customer segments. We remain dedicated to fostering strong relationships with our customers, delivering best-in-class customer service, and leveraging technology to expand our customer base. Additionally, we aim to strengthen our governance, risk, and compliance structure to ensure a balanced and sustainable growth trajectory. With our commitment to financial inclusion, we strive to serve millions of customers nationwide.

As ‘the Responsible Bank’ for 30 years, Yoma Bank has been the fastest developing private bank in Myanmar. By strategically investing in our people, technology and governance, Yoma Bank has developed a trusted reputation within the community, which has been an essential part of establishing local and international partnerships to progressively move forward. Yoma Bank was the first local bank in Myanmar to welcome a foreign financial institution as its shareholder International Finance Corporation (IFC) converted investment loans in 2014 to equity on May 2019. As an affiliate of GIC, Greenwood Capital Pte Ltd, and Norfund have acquired stakes in Yoma Bank in early 2020 with total transactions is approximately MMK 130 Billion. We understand that each customer is unique, we pride ourselves on delivering a full range of banking services whether it be saving for a rainy day or bringing your business aspirations to reality. As ‘the Responsible Bank,’ we centre our core values to fulfil our commitment of being a trusted partner through all stages of life. Our core values are embedded in the way we work and how we intend to be with our customers. We aim to be customer centric by putting customer interests first, while maintaining integrity to the highest degree and working together as a team to serve our customers, respecting those around us and always pushing ourselves to be innovative. Pioneering Myanmar’s digital banking initiatives such as automated lending platforms that seamlessly integrates into our SMART banking application, we are determined to change the dynamics of traditional banking into a landscape that delivers more for our people.